Architecture Overview
Last updated
Last updated
All generated fees (including opening/closing a position, funding fees, as well as for minting VLP) feed the rest of the network and are necessary for the protocol to sustain itself.
Referral fees can be earned when new users sign up using a referral link. These are paid out first with the remainder of the generated fees in USD being distributed towards the CLP vault (increasing the price of CLP) and the commission wallet. From the commission wallet the USD is converted to USDT and further split 50% between the treasury wallet and the buyback wallet.