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Welcome to SYM Finance
  • What is SYM Finance
  • Why SYM?
  • Protocol overview
  • ⚙️Mechanism
    • symToken Minting Module
      • symToken
      • Mint Fee
    • Tidal AMM
      • Price
      • Tidal Force
    • Leverage Buyers
      • Fees
    • Leverage Providers
      • Liquidity Provision
      • Picking-off Protection
      • Mint Fee Sharing
      • Tidal Force Rewards
  • 💸Tokenomics
    • SYM Token
    • esSYM
    • Multiplier Point
  • 🧑‍🌾User Guide
    • WIP
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  1. Mechanism
  2. symToken Minting Module

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.

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Last updated 1 year ago

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