Fee Generation
Fees incurred from activities within Moby are structured as follows. The fees generated within Moby are collected at 7-day intervals.
Position Neutral Fees
OLP Buying / Selling Fee
Spot Swap Fee
Position Open / Close / Settlement Fee
Position Related Fees
Model Price
Risk Premium
Infra Related Fees
Clearing House Fees
Prime Brokerage Fees
Position Neutral Fees
1. OLP Buying / Selling Fee
Each OLP holds a specific Target Ratio for the consisting assets. Fees are applied based on the deviation between the target ratio and the changed asset composition ratio of each OLP due to Minting/Closing.
2. Spot Swap Fee
Swaps, which take place within OLPs, charge fees ranging from 0.2% to 0.8%, and are imposed based on the impact of the Target Ratio and changes in asset composition ratio just like Buying/Selling OLP tokens.
3. Position Open / Close / Settlement Fees
Position Open / Close Fee
Call / Put Spread: When a trader opens or closes spread positions, a fee equivalent to 0.03% of the notional value of positions is charged
Call / Put Options: When a trader opens or closes naked options positions, a fee equivalent to 0.06% of the notional value of positions is charged
The fee cannot exceed 12.5% of the options price
Additionally, a small amount of ETH is requested for smooth transaction processing with the Keeper bot.
Settlement Fee
A Settlement Fee of 0.02% is incurred based on the nominal value of the position
Settlement Fee also cannot exceed 50% of settlement payoff
Position Related Fees
4. Mark Price
Mark Price is subject to variation based on multiple factors, including market conditions and the risk profile of the OLP. The full amount, representing 100% of Mark Price, is disbursed to Moby's LPs.
5. Risk Premium
Fees associated with Risk Premium is subject to variation based on multiple factors, including market conditions and the risk profile of the OLP.
Infra Related Fees
6. Clearing House Fees
Clearing Fee
Clearing House charges fees when it closes OLPs' positions to redeem collateral, thereby enhancing capital efficiency
These fees are utilized for operations such as running bots and covering gas fees
Binding Fee
Similarly, Binding Fees are received proportionally based on the amount of collateral reclaimed
These fees also contribute to covering bot operations and gas fees
7. Prime Brokerage Fees
Borrowing Fee
A Borrowing Fee is imposed on traders who borrow asset from Prime Brokerage Pool to trade on leverage
This fee is disbursed as compensation to liquidity providers on the Prime Brokerage Pool
Liquidation Fee
When traders borrow asset from Prime Brokerage Pool to trade on leverage, their positions may be subject to liquidation depending on market conditions
In the event of liquidation, the entity executing the liquidation is rewarded with a Liquidation Fee
Currently, Clearing House Fees are not applied;
There will be more updates in the near future.
Currently, Prime Brokerage Fees are not applied;
There will be more updates in the near future.
Last updated