Fee Card (APR, funding pass-through, execution)

Fee Card

Base APR

• Type: Fixed by quote

• Charged On: Borrowed principal (ACT/365 daily accrual)

• Indicative Rate: ~4.0% / year (subject to change; exact rate provided in your quote)

• Payment: Accrued and payable at close (or netted on partial repayments)

Coverage Funding

• Applies To: USDT / USDC / BTC (WBTC) loans with hedged exposure

• Net Market Funding: You pay/receive the net market funding incurred by the hedge (e.g., perp funding)

• Variable: Credits (negative funding) reduce your cost

Execution Costs

• Components: On-chain gas, DEX swap, hedge open/close, occasional rollovers

• Quoted: Ex-ante per ticket with transparent line items; depends on size & market

Liquidation Fee

• Condition: Only if liquidation occurs after the 24h action window

• Coverage: Sized to cover modeled market impact (TWAP), typically 5–10% of collateral sold

• Residual: Any remaining after costs is returned to your wallet

Other Fees

• No Fees: No “origination” or “early repayment” fee

• Quote Validity: Quotes have a validity window (e.g., ≤4h); expired quotes are re-issued at market rates