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Param & Fee

Global

Parameter
Rate
Description
Minimum Entry Size
$10 (or equivalent)
The minimum amount of assets that a user can deposit to open a leveraged position.
Entrance Fee
0%
Applicable to Leveraged Yield Farming & Lending
Exit Fee
0%
Applicable to Leveraged Yield Farming & Lending

Leveraged Yield Farming

  • The following fees, such as reinvestment fee, liquidation fee, and price-range trigger fee, will be divided between the protocol's treasury and the conductors. Specifically, 50% of each fee will be reserved in the protocol's treasury, while the remaining 50% will be distributed to the respective conductors. For instance, in the case of reinvestment, 2.5% (out of the total 5% fee) will be allocated to the reinvestment conductor, and the other 2.5% will be reserved in the protocol's treasury.
  • 50% of the fees collected by the Protocol's treasury will be distributed weekly to veEXTRA holders.
Parameter
Rate
Description
Re-investment Fee
5%
A portion of the farming rewards is taken as reinvest fee during the reinvestment process.
After collecting the protocol fee from it, the remaining portion is given as a bonus to the bots calling reinvest function.
Liquidation Fee
8% * p
A portion of the whole position is charged as a liquidation fee during the liquidation process.
When the LTV (loan to value) ratio of a position goes above the liquidation threshold, the user's position will be liquidated to ensure debt repayment.
Any remaining assets will be returned to the user's wallet (after deductions of liquidation bounty).
p is the percentage of the position, typically 30%.
Exceptional scenario:
  • For large positions with a value larger than $100,000, 0%~30% of the whole position will be liquidated each time, the portion depends on liquidity depth.
  • For small positions with a value < $1, the whole position will be liquidated to avoid unnecessary transaction costs.
Safe Liquidation 2.0 aims to enhance the security of leveraged positions, reduce liquidation fees for users, and mitigate secondary market risks.
Price-Range Trigger Fee
0.3%
A portion of the total position is charged as a trigger fee during the Price-Range Trigger process.
When the price goes out of the price range user set in a position, the position will be closed by the price-range trigger bots.
After collecting the protocol fee from it, the remaining portion is given as a bonus to the bot that triggered the Price-Range. (Notice: if price-range closing is not triggered, no fee would be charged.)
For pool-specific parameters (eg. liquidation threshold), please find them here:

Lending

Parameter
Rate
Description
Lending Reserve Fee
15%
Percent of the borrowing interest profit of lenders that is collected as a performance fee; 7.5% (out of 15%) goes to veExtra holders. 7.5% goes to ExtraFi Team development fund.
(Please note that the APY shown on Dapp is after fees.)