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Fees
Trading fees
| Fee | Applied to | |
|---|---|---|
| Open | 0.10% | Position notional (margin × leverage) |
| Close | 0.10% | Closing value on the vAMM |
| Liquidation | none | The bounty replaces the close fee |
The open fee is added to what you send. You post 10 HYPE of margin at 5x and send 10.05 HYPE. The close fee comes out of the payout.
The split
Every fee is split on the spot, in the same transaction:
| Share | Goes to |
|---|---|
| 50% | The Pit |
| 30% | The $SCAP buyback reserve |
| 20% | The market's insurance fund |
The buyback reserve is a plain holding contract labeled "$SCAP buyback reserve — token not launched". It holds HYPE. There is no $SCAP and no buyback yet. Its address is on the Contracts page and every transfer out of it is an on-chain event.
Builder share
Elysium shares sequencer fees with the applications that generate the transactions. Shortcap receives Elysium's 25% builder share of sequencer fees on every transaction it generates. This is paid by the chain, not by traders.
Every update to markets, parameters and $SCAP is posted on X.
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