# Fee Policy

### OT reserves the right to change fee policy at any time

#### Fee Rates

A & B are non-stable tokens, S refers to non-OSD stable coin, below are swap scenarios between all types of tokens and their respective fee rates:

User(third party project) listed token -> OSD: 1%(can be changed upon project request)

OSD -> User listed token: 0.3% 

A(ETH/WBTC) -> OSD(OSD -> A): 0.3% 

A -> OSD -> B: 0.15% + 0.15% 

S -> OSD(OSD -> S): 0.06% 

S -> OSD -> S: 0.03% + 0.03% 

A -> OSD -> S: 0.3% + 0.03% 

S -> OSD -> A: 0.03% + 0.3%

For user/project listed token X, a higher fee rate is applied to incentivize liquidity provision.

X -> OSD: 1%

OSD -> X: 0.3%

* Select Pools:  75% of fee is sent back to liquidity pool, 25% collected as protocol revenue.
* Ordinary Pools: 60% goes to liquidity providers, 40% as protocol revenue pool.
* Stable coin swap(Stable coin to OSD trade & vice versa), 99% of swap fees are sent back to liquidity pools.

#### [Perps Trading: 0.1% base rate, can be higher according to long/short OI ratio](https://onchaintrade.gitbook.io/ot/perpetuals-trading/trading-fee-rates)

#### [Perps Funding Fee:](#perps-funding-fee)

Bigger OI side pays smaller OI side, the rest goes to [insurance pool](https://onchaintrade.gitbook.io/ot/perpetuals-trading/insurance-pool).

#### Borrow interest fully goes to liquidity providers except OSD, OSD borrow interest is paid to protocol.

#### CDP Liquidation penalty 100% goes to liquidators.

#### Perps position liquidation fee 100% goes to [insurance pool](https://onchaintrade.gitbook.io/ot/perpetuals-trading/insurance-pool)