Fees and Distribution
The .3% fee applied to each trade is collected and broken down as follows:
50% of all fees are returned to Liquidity Providers and accrue in real time.
33% of all fees are used to buyback and burn* OpenX, removing it from circulation forever.
17% of all fees are used to buyback OpenX and distribute it to holders of xOpenX.
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-Trades utilizing the aggregator are subject to an additional fee of .03%.
-As a wrapped staked token, xOpenX can be used in Active Yield Generating pools while also receiving OpenX emissions and accruing transaction fees. It is our vehicle for fee distribution.
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Last modified 2mo ago