Architecture Overview

Fee and Reward Flow Distribution

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 VLP vault (increasing the price of VLP) and the commission wallet. From the commission wallet the USD is converted to USDC and further split 50% between the treasury wallet and the buyback wallet.