🔣Fees

Learn more about fees for OpenTrade Stablecoin Staking Yield, powered by Figment

Fees

The total fees charged for the product is 1.10% per annum. This is translated into a Daily Fee and deducted from the exchange rate each day, such that fees are accrued off-chain and not explicitly paid by Lenders.

The breakdown is as follows

Term	Definition	Payable By / To	Amount
Advisor Fee	A fee charged by the Advisor (AWR) to cover the costs of advising OpenTrade SPC in buying / selling and managing the portfolio of Loan Collateral.	Payable by the Borrower Paid to the Advisor	0.60% per annum
Platform Fee	A fee charged by the Platform Provider (Open Trade Technology Ltd) to cover the costs of developing and maintaining the OpenTrade Platform and related expenses.	Payable by the Borrower Paid to the Platform Provider	0.50% per annum