INK Protocol
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Fees & Treasury

To deposit

  • Minimum deposit of 11 UST. This also applies to subsequent deposits.
  • Only gas fees to deposit into INK and Anchor smart contract.
  • Cooperative Party
    • Minimum deposit of 100 UST to "create" a party and become party leader.
    • Minimum deposit of 50 UST to "claim" a party and become party leader.
    • The party leader sets the party's minimum deposit.

To withdraw

  • Withdrawals before the 7-day cooldown are subject to 3% fees.
  • Only gas fee after 7-day to withdraw from INK and Anchor smart contract.
  • Cooperative Party
    • Party leader "responsibility tax" withdrawal fee of 3% before the 7-day deposit cooldown
    • Party leader "responsibility tax" withdrawal fee of 1.5% after the 7-day deposit cooldown

To claim prize

  • If you are the lucky winner of our 10 prizes, your prize will incur a 10% fee (applicable from 1st of March 2022 onwards).
    • Retroactive for unclaimed prizes.

Commission

  • 15% of your interest yield would be committed to the INK Treasury.

How are fees used?

All the fees collected from INK Protocol will go into INK's treasury. The treasury will be used for, but not limited to, the following:
  1. 1.
    Prize pool sponsorship.
  2. 2.
    Liquidity for new pools.
  3. 3.
    Fee refunds.
  4. 4.
    To be used for token buy-backs (please note INK has not launched token, yet).
  5. 5.
    etc
Wallet address: terra1cqrg9928jk8yajcyfw7g038qqzcm7ywxxkjazr
Treasury is currently managed by the INK core team, in the future, the treasury will be managed by INK governance token holders.