Documentation
Fees
What everything costs on Reisa, and where the money goes. Most of what the protocol earns goes back to the ecosystem: REISA burns and rewards for RESD holders.
Trading#
| Fee | Rate | Who pays | Where it goes |
|---|---|---|---|
| Swap fee | 1 % of the quote side | Traders | 70 % to liquidity providers, 30 % to the protocol. On launched-token pools, the part earned by the locked launch liquidity goes to the protocol, with 25 % of it to the creator |
| Creator tax | Up to 5 %, set at launch, fixed forever | Traders of that token | The creator, the token's buy back and burn, or burned |
| Add or remove liquidity | None |
Launchpad#
| Fee | Rate | Who pays | Where it goes |
|---|---|---|---|
| Launch fee | 500 REISA per launch, on either route | The creator | Burned |
| Curve fee | 1 % | Curve buyers and sellers | 25 % to the creator, 75 % to the protocol |
| Fair start fee | Starts at 80 % and falls to 1 % over the first 20 seconds | Buyers in those 20 seconds | The protocol, for the part above the 1 % curve fee |
| Uniswap V3 pool fee | 1 % | Traders of V3 launches | 41 % to the creator, 59 % to the protocol |
RESD#
| Fee | Rate | Who pays | Where it goes |
|---|---|---|---|
| Borrow interest | Your chosen rate, 2 % to 50 % /yr | RESD borrowers | RESD holders |
| Borrow fee | None | ||
| Early rate change | 7 days of interest at the new rate | Borrowers changing rate within 7 days | RESD holders |
| USDG to RESD | None | ||
| RESD to USDG | 0.05 % | Users | RESD holders |
| Redemption fee | 0.5 % plus a small variable part | Redeemers | RESD holders |
| Liquidation bonus | 5 % of the debt repaid | Liquidated positions | The liquidator |
Lend & Borrow#
| Fee | Rate | Who pays | Where it goes |
|---|---|---|---|
| Lending interest | 5 % of the interest | Lenders, out of the interest borrowers pay | The protocol |
| Liquidation bonus | 15 % in 38.5 % markets, about 12.7 % in 62.5 % markets | Liquidated positions | The liquidator |
Farms#
Staking, unstaking, claiming, opening or renewing a farm: no fee.
What the protocol does with its share#
For every $1 of fees the protocol keeps:
| Paid in | Burned | RESD holders | Team |
|---|---|---|---|
| REISA | $0.665 | $0.285, as WETH | $0.05 |
| WETH or RESD | — | $0.95 | $0.05 |
Fees collected in other tokens, such as USDG, the stocks from redemption fees or launched tokens, are turned into RESD and reach RESD holders the same way. RESD holders receive their share in WETH and RESD, paid out over 7 days: see RESD.
Creators claim their share from Earnings whenever they like. See Launchpad.