Fees
The fee will depend on the collateral assets. Issuance fees will be prorated according to the collateral weights.
Vaultedge charges borrowing fees. There are two types of fees for borrowers. First, there is a issuance fee when you mint your veUSD loan. Second, is a vault management fee depending on your collateral type.
Issuance fees depend on the type of collateral you are adding. If you are adding a "risky" collateral type which is already starting to back a significant amount of veUSD, the deposit fee will be higher.
Under normal conditions, the one-time issuance fee is confined to a range between 0.5%
and 3%
. If Soft liquidations are occurring, this suggests veUSD Price < $1
, so fees are higher to disincentivize borrowing and de-incentivize more veUSD from entering the market. However, the borrow fee is0%
during Recovery Mode.
Origination fee
For ERC-20 tokens charged in veUSD once the loan is originated
0.5%
Origination fee
For LP tokens charged in veUSD once the loan is originated
2%
Origination fee
For veTokens tokens charged in veUSD once the loan is originated
3%
Vault management fee
Charged on the yield generated by the asset
15%
Last updated