There are three revenue streams when staking on NFTX. Two streams as part of the liquidity staking, and one stream on the inventory sided staking.
- Sushi Fees (0.25% fees paid to liquidity providers)
- Vault Fees (80% paid to liquidity providers)
- Vault Fees (20% paid to inventory providers)
When vaults are first created they default to the following fees
- 10% Mint/Sell
- 10% Redeem/Buy
- 5% Random Redeem
- 5% Random Swap
- 10% Targeted Swap
These vault fees are paid 100% to the liquidity providers (staked users), with a split of 80% of the fees going to the double sided staking and 20% going to single sided stakers.
While these fees are set by default, they can be changed during the creation of vault. Once the vault is finalised and published, the fees remain fixed (although they can be updated if the request passes the governance requirements — to find out more about this you can read “How to update fees on existing published vaults“).
Let’s learn some more about how these fees are distributed to staked users.