Fee Structure

Mini Slayer fees are structured as follows:

Minting Fee: 20% additive. Formula: Transaction amount × 1.20 = Final cost. Example: Minting 100 USDV worth of Mini Slayer Tokens results in a total cost of 120 USDV.

Redeem Fee: 5% subtractive. Formula: Transaction amount × 0.95 = Final return. Example: Redeeming 100 USDV worth of Mini Slayer Tokens results in a net return of 95 USDV.

Liquidity Pool (LP) and Level Lock

Level Lock: Ensures a minimum reserve price at a specific level by backing it with sufficient USDV in the LP. For example, if Level 5 is locked, tokens cannot fall below a reserve price of 5 USDV per token for mint or 4 USDV for redeem.

We also have a progress bar tracker on dApp which tracks the volume of all Mints and Redeems.

Once our progress bar reaches 100%, the mint fee shall be reduced to 0%.

Every 20 levels locked the Redeem fee shall be reduced by 1% and at level lock 100 the Redeem fee shall be 0%.