Trading Fee
Drake charges a standard 0.1% fee on each trade (order execution). This fee structure is designed to support the platform’s operations while rewarding liquidity providers and participants.
VIP Level Discount
Drake offers a VIP program that provides discounts on commission fees for high-volume traders. The specific discount rates and criteria for VIP levels will be detailed in the VIP program documentation.
Fee Breakdown
Drake’s fee structure varies depending on whether a referral is involved in the trade.
Fee Without Referrer Breakdown
When no referral is associated with the trade, the commission fee is allocated as follows:
Onchain Service Cost: 5% (Deducted First) A fixed 5% of the commission fee is allocated to cover onchain service costs, which include:
AA Wallet: Fees related to account abstraction wallets.
Chainlink Data Stream Price Verifications: Costs for accessing real-time price feeds.
Gas Costs: Transaction fees for liquidations and pending order executions.
Profit for Drake Earn Vault Stakers: 95% * 70% The majority of the fee goes to Drake Earn Vault stakers, rewarding them for their contribution to the platform’s liquidity.
Operational Fund: 95% * 30% A portion of the fee supports the operational needs of the Drake platform, including:
Cloud Service: Costs for maintaining the platform’s cloud infrastructure.
SaaS Services: Subscription fees for essential software tools.
Office Supplies / Salary: Expenses related to office operations and employee salaries.
Fee With Referrer Breakdown
When a referral is associated with the trade, the commission fee is distributed as follows:
Onchain Service Cost: 5% (Deducted First) Before distributing the remaining fees, a fixed 5% is allocated to onchain service costs, with the remaining 95% divided among the above categories.
Profit for Drake Earn Vault Stakers: 95% * 60% A significant portion of the fee still goes to Drake Earn Vault stakers, ensuring they continue to benefit from the platform’s growth.
Referral Bonus: 95% * 20% 20% of the commission fee is allocated as a referral bonus, rewarding users or protocols that bring new traders to the platform.
Team Operation Revenue: 95% * 20% This portion supports the operational aspects of the platform, including:
Cloud Service
SaaS Services
Office Supplies / Salary
Future Plans
Drake plans to introduce additional rewards and profit-sharing mechanisms, including referral rewards and DAO staker profits, into the breakdown of commission fees. These enhancements will further incentivize community participation and support the platform’s decentralized governance.
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