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Fees Description
The income of the lending pool mainly comes from the handling fee of lending (currently 20% of the borrowing interest), and the possible subsequent flash loan handling fee, etc. The distribution of income is mainly divided into four parts:
a) 60% of all lending pool income will be distributed to each $fDAO token holder to incentivize them to participate in governance and cover risks.
b) 20% of all lending pool income will be distributed to the system reserve, which is the ultimate measure for the platform to cover risks. In order to improve the platform’s safety mat, the ForTube Foundation donated 100 million $FOR as a risk deposit.
c) 10% of all lending pool income will be distributed to the Research & Development team for system gas fees, security audit fees and other expenses.
d) 10% of all lending pool income will be distributed to the marketing team to incentivize platform users to use and promote ForTube products. ForTube will disclose the expense-related addresses to the community and also accept donations from the community