Trading Fees Explained
Buy Trading Fees:
4.0% - LP 5.0% - VIF 2.5% - Treasury 2.5% - Fire Pit
Sell Trading Fees:
4.0% - LP 5.0% - VIF 4.5% - Treasury 2.5% - Fire Pit
- LP - Trading fees goes to backing the liquidity of the BNB/VERY pair on PancakeSwap ensuring an ever-increasing collateral value of $VERY.
- VIF - Trading fees are stored in the Very Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
- Treasury - Trading fees go directly to the treasury which supports the VIF and provides a marketing budget for VIF and funds new product development.
- Fire Pit - 2.5% of all $VERY traded are burnt in the Fire Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $VERY and keeping the VIF protocol stable.