# 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.