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  • Inter Protocol User & System Docs
  • User How-to
    • Wallet Usage
      • Acquiring BLD Tokens
        • How to Deposit Assets to Osmosis
        • How to swap for BLD tokens from Osmosis and transfer to Agoric
        • How to swap for BLD on Crescent
        • Buying BLD from Huobi
      • Create your Agoric Account and Smart Wallet
      • Keplr Overview
    • Bridge External Tokens to Agoric
      • Bridge DAI, USDC or USDT to Agoric via Axelar Bridge
      • Bridge DAI, USDC or USDT to Agoric via Gravity Bridge
    • Minting IST
      • Minting IST - Vaults
        • Create a Vault
        • Adjust Vault
        • Close Vault
        • Depositing Assets to Agoric Chain (to use as Vaults collateral)
      • Minting IST - PSM
    • Bidding for Liquidated Collateral
    • IST Usage and Beyond
      • Deposit IST to Osmosis
      • Deposit IST to Crescent
      • Earn BLD by adding liquidity to IST/OSMO pool on Osmosis
      • Earn BLD + CRE rewards by adding liquidity to IST pools on Crescent
    • Supported Browsers
  • Inter Protocol System Documentation
    • Inter Protocol System Overview
    • Protocol & Chain Governance
    • Vaults
    • Liquidation
    • Liquidation Auction
    • Parity Stability Module
      • Supported Assets
    • BLD - Agoric's Governance Token
    • Fees
  • Frequently Asked Questions (FAQ)
  • DISCLAIMER
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  1. Inter Protocol System Documentation

Fees

A summary of fees on Inter Protocol

PreviousBLD - Agoric's Governance TokenNextFrequently Asked Questions (FAQ)

Last updated 1 year ago

  • Chain Execution Fee

    • This is the cost (charged in IST) for Inter Protocol actions (PSM and Vaults) that involve on-chain JavaScript smart contract interactions.

    • Users accrue a 0.02 IST (approximately) fee for each interaction but it is only charged after it reaches 0.20 IST (i.e. every 10 interactions). This means every 10 interactions, you will be charged 0.20IST.

    • When you first provision a smart wallet - you receive 0.25 IST which covers your first few interactions.

    • Insufficient IST balance to cover this charge manifests itself with the following UI error:

      • "Offer failed: Error: Broadcasting transaction failed with code 20 (codespace sdk). Log controller refused message admission: 0uist is smaller than 200000 uist: insufficient funds: mempool is full"

    • This fee is subject to BLD staker governance.

  • Stability Fee

    • This is the annualized cost of debt or APR on your vault-minted IST amount. It is recorded hourly and accrued/charged daily. i.e. the interest you pay on the IST debt you are taking on

    • This fee is subject to and therefore subject to change (i.e. not fixed)

  • Minting Fee

    • Accrued every time you vault-mint IST either when you create a new vault or mint additional IST against that vault

    • This serves to prevent users from minting IST, using it and paying it back before any interest (stability fee) gets charged.

    • This fee is subject to and therefore subject to change (i.e. not fixed)

  • Liquidation Penalty

    • A penalty fee, charged in collateral type of a user's underlying vault, upon liquidation of your vault (when collateralization ratio = liquidation ratio). This fee is transferred to the reserve.

    • This fee is subject to and therefore subject to change (i.e. not fixed)

Economic Committee governance
Economic Committee governance
Economic Committee governance