📗Perpetual Futures Exchange Parameters

ALP Pool Target Composition

Revenue Distribution

Protocol Parameters

ALP Pool Target Composition

AssetTarget Proportion (%)

BTCB

25%

ETH

15%

BNB

10%

USDC

25%

USDT

25%

Revenue Distribution

All protocol revenue for the Perp will be distributed in the following ways:

  • 70% to Liquidity Providers

  • 16% to the ALPACA token holders

    • 10% of 16% to Governance Vault stakers

    • 6% of 16% to Buyback and Burn

  • 14% to Dev Fund

Perp Protocol Parameters

ParameterValueDescription

Deposit/Withdrawal Fixed Fee Rate

0.30%

The fixed deposit/withdrawal fee that will incur every time a user deposits/withdraws money in/from Perp's Liquidity Pool (ALP). For a more detailed formula please refer to ALP Fee Calculator.

Deposit/Withdrawal Dynamic Fee Rate

0.50%

The dynamic deposit/withdrawal fee that will incur every time a user deposits/withdraws money in/from Perp's Liquidity Pool (ALP). This fee varies based on the current pool composition. For a more detailed formula please refer to ALP Fee Calculator.

Liquidity Cooldown

900 seconds

The cooldown time that a user needs to wait after depositing into Perp's Liquidity Pool (ALP) before it can be withdrawn.

Position Fee Rate

0.09% of position size

The base trading fee that will incur every time a user open/close a trading position. We have a trading fee discount program for our loyal user. Read more here.

Max. Borrowing Rate

0.0035%/hour

The borrowing fee will accrue to a user's position every Funding Interval (i.e., hourly).

  • Borrowing Rate: Utilization Rate * Max. Borrowing Rate

Funding Rate Coefficient

15%

This coefficient is used to calculate the Funding Rate that will be accrued to a user's position every Funding Interval (i.e., hourly).

  • Long Funding Rate: (LongOI - ShortOI) / Long OI * Funding Rate Coefficient

  • Short Funding Rate: (ShortOI - LongOI) / ShortOI * Funding Rate Coefficient

Funding Interval

Hourly

The interval at which Borrowing Fee and Funding Fee will be accrued.

Min. Principal Amount to open position

$10

The required minimum principal amount to open a position.

Fixed Stable Swap Fee

0.01%

The fixed swap fee that will incur every time a user swaps between stablecoins. If you are swapping between stable pairs, you will only pay 1bps fee regardless of the composition changes.

Fixed Swap Fee (Non-Stablecoin Pairs)

0.25%

The fixed swap fee that will incur every time a user swaps between non-stablecoin pairs.

Stable Swap Tax Fee

0%

If you are swapping between stable pairs, you will only pay 1bps fee regardless of the the composition changes.

Swap Tax Fee (Non-Stablecoin Pairs)

0.50%

The variable swap fee that will incur every time a user swaps asset between non-stable pairs. This fee varies based on the current pool composition.

Liquidation Fee

$5

This fee will incur when a user's position reaches the liquidation threshold to liquidate the position.

Flash Loan Fee

0.19%

This fee will incur when a user utilizes protocol's flash loan.

Min. Profit Time

0 Minute

Minimum time required for trader to hold their position in order to realize any profits.

Liquidation Threshold (Leverage)

95x

The maximum leverage of user's position before the position is liquidated.

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