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fees & collateral parameters

summary of fees charged by the handle.fi protocol

Introduction

when using any of the services which handle.fi offers it is important to be aware of all the possible, fees, spreads and liquidation parameters.
  1. 1.
    1. 1.
      ​CDP fees​
    2. 2.
  2. 2.
    ​trade​
    1. 1.
      ​opening a trade ​
    2. 2.
      ​trade fees​
    3. 3.
      ​liquidation​
  3. 3.
    ​convert fees​

CDP vaults & collateral

opening up a vault in order to be extended credit incurs fees initially and on a continual basis. it is also important to keep in mind what the min c-Ratio is in order to avoid liquidation. see the borrow section for more information.
minimum amount of debt you may take out at anytime is 100. this applies when you want to repay part of your debt and have less then 100 remaining.

CDP fees

action
fee
description
mint (borrow)
nil
added to the minted value of fxTokens.
burn (repay)
nil
charged from user vault collateral.
deposit (collateral)
nil
charged from user vault collateral.
withdraw
nil
charged from user vault collateral.
liq. fee
variable %
charged from liquidating users vault collateral. *50% to fxKeeper pools, 50% to protocol.
fxToken redemption
​
charged from user vault collateral.
int. rate
0.40%
added to users fxToken debt.

collateral parameters

collateral
min. C-Ratio
int. rate
liq.fee
liq. c-Ratio
ETH
200%
0.40%
12.5%
160%
stETH
200%
0.40%
12.5%
160%

trade

as is common in the industry, fees on leveraged trading are calculated on the total value of the position size (leverage x collateral).

opening a trade

asset class
min.leverage
max. leverage
min. collateral (USD)
min. position size (USD)
cryptocurrency
1.1x
50x
$5
$5.50
forex
1.1x
100x
$5
$5.50

trade fees

fee type
amount
position fee
ETH,BTC - 0.10% FX - 0.00%
spreads
  • ETH, BTC - 0%
  • fxAUD - 0.01%
  • fxEUR - 0.01%
  • fxGBP - 0.01%
  • fxCAD - 0.01%
  • fxCHF - 0.05%
  • fxCNY - 0.10%
  • fxJPY - 0.01%
  • fxSGD - 0.10%
funding fee
asset utilisation * 0.01% / h

liquidation

all positions which are placed on handle.fi will be liquidated if one of the liquidation triggers are reached. a position will go through the liquidation threshold if either the leverage of the position is above the max. leverage or below the min. collateral.
be aware that your collateral is calculated continuously and is equal to your initial collateral less your losses and fees.
collateral
max. leverage
min. collateral
cryptocurrency
100x
$5
forex
110x
$5

convert fees

asset pair
convert fee
fxToken -fxToken, ETH
0.00%
same currency stablecoin - fxToken
0.04%
multicurrency stablecoin(non fxToken)
0.10-0.30%
to any other ERC20
0.30%
initially all fees and system parameters will be set by handle.fi DAO governance. a move to algorithmically controlled fee and parameter mechanisms is planned to be implemented in future protocol upgrades.