ElyPerpsFees and where they go
0.05% per open and close
Every open and every close pays 0.05% of notional, in HYPE, on top of the margin.
40% Stakers, in HYPE
30% Buy and burn $ELYP
20% Pool LPs
10% Buy and burn KNTQ
The four legs
| Share | Goes to | How |
|---|---|---|
| 40% | $ELYP stakers | PerpInsurance, held 7 days as first loss |
| 30% | $ELYP buy and burn | Accrues in PerpFees, flushed through the burn route |
| 20% | The pool's LPs | donate() into the own ElyPerps pool; for sampled markets, to stakers |
| 10% | KNTQ buy and burn | Accrues in PerpFees, flushed through the KNTQ route |
Liquidation penalty
1% of notional: 0.5% to the liquidating keeper, 0.5% to the insurance vault.