Governance Sources Details
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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
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The accrued fee is withdrawn once a week from the vaults.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.
AF1.0's Lending Vault Contract Addresses: BNB Chain:
Fantom:
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
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 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.
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 Incomes Streams are fees that are collected non periodically as this type of fee will be accrued only once a certain event has occurred.
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
