Mint Fee

A one-time mint fee is collected from leverage buyers when they mint symToken.

The mint fee consists of two parts:

  • Base fee = 0.5% * Amount of symToken minted

  • Floating fee = 100% * (1 - Price of symToken/Token)

For example, if a levearge buyer mints 100 symGLP when 1 symGLP = 0.99 GLP in Tidal AMM, the total mint fee he pays will be [0.5%+(1-0.99)]*100 = 1.5 symGLP.

The design for mint fee encourages leverage buyers to mint more symToken when symToken price is high, and discourages so when price is low.

Last updated