# Param & Fee

### **Global**

<table><thead><tr><th width="204.66666666666669">Parameter</th><th width="146">Rate</th><th>Description</th></tr></thead><tbody><tr><td><strong>Minimum Entry Size</strong></td><td><strong>$10</strong> <br>(or equivalent)</td><td>The minimum amount of assets that a user can deposit to open a leveraged position.</td></tr><tr><td><strong>Entrance Fee</strong></td><td><strong>0%</strong> </td><td>Applicable to Leveraged Yield Farming &#x26; Lending</td></tr><tr><td><strong>Exit Fee</strong></td><td><strong>0%</strong> </td><td>Applicable to Leveraged Yield Farming &#x26; Lending</td></tr></tbody></table>

### **Leveraged Yield Farming**

<table><thead><tr><th width="191.66666666666669">Parameter</th><th width="161">Rate</th><th>Description</th></tr></thead><tbody><tr><td><strong>Re-investment Fee</strong></td><td><strong>6.5% ~ 11.5%</strong><br> <strong>(default: 9%)</strong></td><td><p>the breakdown of re-investment fee is as follows:</p><ul><li>2% ~ 3% (default: 2.5%)  allocated for distribution to veEXTRA holders weekly.</li><li>0.5% earmarked for covering the operational costs of bots responsible for auto-reinvestment.</li><li>3% designated for the team treasury.</li><li>1% allocated to the Rainy Day Fund, to cover unforeseen protocol risks.</li><li>0% ~ 4% (default: 2%)  for the buyback and burn.<br></li></ul><p>(Check more details in the <a href="https://snapshot.org/#/extradao.eth/proposal/0xf4c0fd92afdec909b76213e599526a7005b82b99f7948a12c3d7ad1c53d660f3">proposal</a>.)</p></td></tr><tr><td><strong>Borrowing Fee</strong></td><td><strong>0% ~ 0.3%</strong></td><td><p>The Borrowing Fee, a portion of the amount borrowed, will be charged to buyback EXTRA when the position is closed.</p><ul><li>Charges will range from 0% to 0.3%, with the possibility of increasing to 1% in extreme situations.</li><li>A standard rate of 0.1% will apply under normal conditions, with any increase beyond 0.3% requiring community approval.</li><li>Borrowing fees will be individually set for different farming pools.</li></ul><p>(Check more details in the <a href="https://snapshot.org/#/extradao.eth/proposal/0x7859835330599afb3833444ee893a3e1235d284c4e05c1b652cf189b3ed5ee7a">proposal</a>.)</p></td></tr><tr><td><strong>Liquidation Fee</strong></td><td><strong>8% * </strong><em><strong>percent</strong></em></td><td><p>A portion of the whole position is charged as a liquidation fee during the liquidation process.</p><p>When the LTV (loan to value) ratio of a position goes above the liquidation threshold, the user's position will be liquidated gradually to ensure debt repayment. </p><p>Any remaining assets will be returned to the user's wallet (after deductions of liquidation bounty).</p><p></p><p><em><strong>percent</strong></em> is the percentage of the position, typically 30%. Exceptional scenario:</p><ul><li>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.</li><li>For small positions with a value &#x3C; $1, the whole position will be liquidated to avoid unnecessary transaction costs.</li></ul><p>(35% of the liquidation fees collected will be distributed weekly to veEXTRA holders.)</p><p><br>Read more about <a href="../../leverage-farming/liquidation#safe-liquidation-2.0">Safe Liquidation 2.0</a> here, a mechanism aiming to enhance the security of leveraged positions, reduce liquidation fees for users, and mitigate secondary market risks.</p></td></tr><tr><td><strong>Price-Range Trigger Fee</strong></td><td><strong>0.3%</strong></td><td><p>A portion of the total position is charged as a trigger fee during the Price-Range Trigger process.</p><p>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.</p><p>After collecting the protocol fee from it, the remaining portion is given as a bonus to the bot that triggered the Price-Range.<br>(<em>Notice: if price-range closing is not triggered, no fee would be charged.)</em></p></td></tr></tbody></table>

For pool-specific parameters (eg. liquidation threshold), please find them here:&#x20;

{% content-ref url="../leverage-farming/pool-info" %}
[pool-info](https://docs.extrafi.io/extra_finance/leverage-farming/pool-info)
{% endcontent-ref %}

### **Lending**

<table><thead><tr><th width="193.66666666666669">Parameter</th><th width="107">Rate</th><th>Description</th></tr></thead><tbody><tr><td><strong>Lending Reserve Fee</strong></td><td><strong>15%</strong></td><td><p>Percent of the borrowing interest profit of lenders that is collected as a performance fee; 5.25% (out of 15%) goes to <code>veExtra</code> holders, 7.5% goes to ExtraFi Team development fund, and 2.25% will be burned weekly.</p><p> (<strong>Please note that the lending APY shown on Dapp is after fees.</strong>)</p></td></tr></tbody></table>

{% hint style="info" %}
At present, the liquidation and reinvestment bot operates within a whitelisted framework and is managed by the team and trusted partners to prevent malicious activities. As the protocol matures, there are plans for a gradual transition towards a permissionless model.
{% endhint %}