Fees
Calculate the borrower activation fee and the protocol share of generated interest.
Borrower Activation Fee
You pay an activation fee of 0.75% of principal at the start of the loan, subject to a minimum of 1 USDG or 0.0005 ETH depending on the collection's loan currency. The protocol deducts the fee from your payout.
- Activation fee = the greater of principal × 0.0075 and the applicable minimum fee.
- USDG collections: minimum activation fee of 1 USDG. ETH collections: minimum activation fee of 0.0005 ETH (0.0005 WETH where the loan settles in WETH).
- The minimum is a floor on the activation fee, not a minimum loan principal. Network gas is separate.
- Borrower proceeds = principal − activation fee.
- Open Details in the loan review to see the activation fee, the amount you receive, and the total repayment.
Protocol Share of Interest
After a borrower repays, the protocol receives 30% of the interest generated by the loan.
- Protocol share = generated interest × 0.30.
- The protocol does not collect an interest-based fee after default.
Network Gas
Keep ETH in your wallet for gas. Token approval, wrapping, unwrapping, loan activation, repayment, offer cancellation, and collateral claims use on-chain transactions.
- Your wallet shows the network and estimated gas fee before you confirm.
- Publishing an offer uses a wallet signature without a gas fee. Any required token approval or wrapping transaction costs gas.