Fees

Borrowing

There are two types of fees paid by borrowers to lenders in the Evolve Protocol. There is a fixed, one-time borrow fee, which is automatically added to the borrowed amount whenever a borrower takes out a new loan. There is also the interest on borrowed tokens that accrues over time, according to the interest rate model.

The borrow fee is:

· 0.1% for Evolve pools

A portion of the fees (currently 10%) paid by borrowers to lenders is reserved by the Evolve Protocol. The strategy for reserve management will be at the discretion of governance.

These fees are allocated to the protocol reserves as bEvolve tokens:

· 10% reserve factor

· No deposit fee

· No withdrawal fee

Lending (Single-Sided)

There are no fees paid by lenders for supplying tokens to an individual lending pool, and no deposit or withdrawal fees.

· No fees

· No deposit fee

· No withdrawal fee

Liquidations

Borrowers pay a liquidation incentive (2%) on their borrowed amount to liquidators if their borrow positions get liquidated.

· 2% liquidation fee