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On this page
  • Regular Income Streams
  • AF1.0's Lending Performance Fee
  • Farming Performance Fee
  • AV Farming Performance Fee
  • Perpetual Futures Exchange Fee
  • AF2.0's Lending Performance Fee
  • Irregular Income Streams
  • Governance Vault's Early Withdrawal Fees

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  1. Governance

Governance Sources Details

PreviousEarly WithdrawalNextGovernance Discussion and Voting

Last updated 1 year ago

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Alpaca revenue comes from multiple sources and is collected under different smart contracts. We discuss below, in detail, the method by which each revenue source is collected and how they are used to distribute to governance vault stakers.

Regular Income Streams

Irregular Income Streams

Regular Income Streams

AF1.0's Lending Performance Fee

  • AF1.0's Lending performance fee accrues in each lending vault based on the actual borrowing interest incurred.

  • Based on the actual borrowing interest accrued, the smart contract keeps track of the amount owed to the protocol, which is currently set at 19%. Refer to the for all of the most up-to-date parameter values.

  • The accrued fee is withdrawn once a week from the vaults. Each week, we queue the transactions (one for each lending vault) to make withdrawals on Saturday, which then have to go through the 24-hour timelock.

  • The withdrawals are executed on Sunday whereby 6% of the 19% are used for Governance vault rewards distribution.

  • Withdrawal transactions are initiated from the .

  • This portion of the revenue is a regular income stream. Hence, the entire amount will be distributed to the Governance vault each week.

In order to check how much in fees has accrued in each vault, you can do the following:

  • Go to BscScan and enter the vault contract address

  • Go to “Contract” tab then “Read as Proxy”

  • Go to “reservePool”

  • The value is denominated in wei, so you must divide by 1E18 to read the value in the normal unit.

Note: Please note that these are the accrued fees that have NOT been withdrawn. Thus, if you check them right after the weekly withdrawals (e.g., Monday morning), they will have a low value.

AF1.0's Lending Vault Contract Addresses: BNB Chain:

Fantom:

Farming Performance Fee

  • This portion of the revenue is a regular income stream. Hence, the entire amount will be distributed to the Governance vault each week.

In order to check the fee’s source, you can do the following:

  • Go to “BEP-20 Token Txns”

  • Check the “From” column to identify the source of the fee

AV Farming Performance Fee

  • This portion of the revenue is a regular income stream. Hence, the entire amount will be distributed to the Governance vault each week.

In order to check the fee’s source, you can do the following:

  • Go to “BEP-20 Token Txns”

  • Check the “From” column to identify the source of the fee

Automated Vault Worker Addresses:

Perpetual Futures Exchange Fee

  • Perpetual Future Exchange fee includes Deposit/Withdrawal fee, Position fee, Swap fee, Liquidation fee and Flash loan fee.

  • The withdrawals are executed on Wednesday whereby 10% of the 30% are used for Governance vault rewards distribution.

  • This portion of the revenue is a regular income stream. Hence, the entire amount will be distributed to the Governance vault each week.

AF2.0's Lending Performance Fee

  • The withdrawals are executed on Sunday whereby 6% of the 19% are used for Governance vault rewards distribution.

  • This portion of the revenue is a regular income stream. Hence, the entire amount will be distributed to the Governance vault each week.

Irregular Income Streams

Irregular Incomes Streams are fees that are collected non periodically as this type of fee will be accrued only once a certain event has occurred.

Governance Vault's Early Withdrawal Fees

  • Early withdrawal fee occurs when users make an early withdrawal from the Governance vault.

  • Since the fees are already in ALPACA, there is no buyback associated with this stream of protocol revenue.

  • 50% of the early withdrawal fees goes toward Governance vault stakers while the remaining half will be burned.

In order to check how much in fee has accrued for governance vault rewards distribution, you can do the following:

  • Go to “Contract” tab then “Read as Proxy”

  • Go to “accumRedistribute”

  • The value is denominated in wei (in ALPACA unit), so you must divide by 1E18 to read the value in the normal unit

You can also check all the associated early withdrawal transactions by:

ALPACA:

CAKE:

BNB:

BUSD:

USDT:

USDC:

TUSD:

BTCB:

ETH:

USDC:

FTM:

ALPACA:

Based on the actual farming rewards, the smart contract keeps track of the amount owed to the protocol, which is currently set at 9%. Refer to the for all of the most up-to-date parameter values.

Each time the farming rewards (e.g., CAKE, BSW, etc.) is claimed and compounded back into the LP position, the farming performance fee from each worker will be sent to and kept in BUSD.

Each day, all the accrued rewards, will be swapped into ALPACA and sent to contract, waiting to be distributed to Governance Vault stakers on Thursdays.

Farming Performance Fee accrues in wallet together with AV Farming Performance Fee.

Go to BscScan at this

For example, this is the fee generated from WBNB-USDT PancakeswapWorker

You can check each pool’s worker address .

Based on the actual farming rewards, the smart contract keeps track of the amount owed to the protocol, which is currently set at 15%. Refer to the for all of the most up-to-date parameter values.

Each time the farming rewards (e.g., CAKE, BSW, etc.) is claimed and compounded back into the LP position, the AV farming performance fee from each worker will be sent to and kept in BUSD.

Each day, all the accrued rewards, will be swapped into ALPACA and sent to contract, waiting to be distributed to Governance Vault stakers on Thursdays.

AV Farming Performance Fee is accrued in wallet together with Farming Performance Fee.

Go to BscScan at this

For example, this is the fee generated from Long 8x USDT-BNB BSW1 worker

Long 3x BUSD-BNB PCS1: and

Long 8x BUSD-BNB PCS1: and

Long 8x USDT-BNB BSW1: and

Long 8x USDT-BNB PCS1: and

Long 3x BUSD-BTCB PCS1: and

Market-Neutral 3x BNB-USDT PCS1: and

Market-Neutral 3x BNB-BUSD PCS1: and

Market-Neutral 8x BNB-USDT PCS1: and

Market-Neutral 8x BNB-USDT PCS2: and

Based on the actual borrowing interest accrued, the smart contract keeps track of the amount owed to the protocol, which is currently set at 30%. Refer to the page for all of the most up-to-date parameter values.

The Perpetual Futures Exchange Fee is accrued gradually in the address, which will then be transferred to address daily. Each week, we queue the transactions to make withdrawals on Wednesday to this for Governance vault rewards distribution on Thursday.

You can check the Perpetual Futures Exchange fee that is reserved for governance vault rewards distribution in the wallet.

AF2.0's lending performance fee accrues in address based on the actual borrowing interest incurred.

Based on the actual borrowing interest accrued, the smart contract keeps track of the amount owed to the protocol, which is currently set at 19%. Refer to the for all of the most up-to-date parameter values.

You can check the AF2.0 Lending Performance Fee that is reserved for governance vault rewards distribution in the wallet.

The Governance vault rewards distribution portion of the early withdrawal fees is stored in:

Go to BscScan at this

Go to BscScan at this

Go to the “BEP-20 Token Txns” tab. All the “Transfer In” transactions originated from

🔎
0xf1bE8ecC990cBcb90e166b71E368299f0116d421
0xfF693450dDa65df7DD6F45B4472655A986b147Eb
0xd7D069493685A581d27824Fc46EdA46B7EfC0063
0x7C9e73d4C71dae564d41F78d56439bB4ba87592f
0x158Da805682BdC8ee32d52833aD41E74bb951E59
0x800933D685E7Dc753758cEb77C8bd34aBF1E26d7
0x3282d2a151ca00BfE7ed17Aa16E42880248CD3Cd
0x08FC9Ba2cAc74742177e0afC3dC8Aed6961c24e7
0xbfF4a34A4644a113E8200D7F1D79b3555f723AfE
0x831332f94C4A0092040b28ECe9377AfEfF34B25a
0xc1018f4Bba361A1Cc60407835e156595e92EF7Ad
0x2E7f32e38EA5a5fcb4494d9B626d2d393B176B1E
this wallet
GrassHouse
0x08B5A95cb94f926a8B620E87eE92e675b35afc7E
contract
transaction
here
Global Parameter page
this wallet
GrassHouse
0x08B5A95cb94f926a8B620E87eE92e675b35afc7E
contract
transaction
0xdAa4D6FfF2055Fa2A3936190EA4FcC682Dc46898
0xBbFACE35322D6d04E0Cf911626Fa54B55ADf8fB8
0xB8F416cf5dd81C75A62827Ce56B70a00F0cb428C
0xFA8d3B7D72455270Ec02548D317270a0aeC2D7FC
0x77faCa1541aC17CFE26Ff82c2CDdCA3b7CcFD955
0x6f9D27BC913E3c094F105bd89C557e51e7E2f6ee
0x4acFecBbe2965119DB6c9d539e4aF4A1DA9bD43B
0xd60f6bb9e2a1e6C44Bd1Df3946d76cBd79C9636F
0x100aBb8EF81470F5A83A078c76B1cA74d33e4b92
0x93269F1600C19FeD0a378b242B698f647E48A6ed
0x42dA676116DF26EE9bb71595fFe7c18343FB2b64
0x8EF56e94bbaEe1638C3c87D3ab0de0a90e2cB067
0x07767daF4e84bDAaBf3A72c80cec8C8Eb962f3Ae
0x54D3218787060463EEb944fa01b0cbE745Ef4DB5
0x83A5d5c54Ad83bBeA8667B3B95d7610E16e52723
0x4b70c41F514FBBEa718234Ac72f36c1b077a4162
0xFa4B1e50f6EF51D0DaB5c2EEA7434cE6974Fa832
0x0d9fAF7023976B45b220b692699C5f5E9432EFD9
diamondPool
RewardDistributor
address
0x08B5A95cb94f926a8B620E87eE92e675b35afc7E
diamondPool
Global Parameter page
0x0d5CD78A4268CB579bA7253a3279060F46541001
0xB7d85Ab25b9D478961face285fa3D8AAecAd24a9
contract
contract
0xb7d85ab25b9d478961face285fa3d8aaecad24a9
Perpetual Futures Exchange Fee
Global Parameter page
deployer address
AF1.0's Lending Performance Fee
Farming Performance Fee
AV Farming Performance Fee
AF2.0's Lending Performance Fee
Governance Vault’s Early Withdrawal Fee
Global Parameter page
Global Parameter