Revenue Model

Protocol Treasury Income

Across most of the crypto exchanges out there, Shorter has one of the lowest fee structures.

Trading Fee

Applicable role: Trader

Per executed order carry a standard fee of 0.3%.

TradingFee=NotionalValue×0.3%NotionalValue=SizeofPosition×TokenPrice Trading\ Fee = Notional\ Value \times 0.3 \% \\ Notional\ Value = Size\ of\ Position \times Token\ Price

Funding Fee

Applicable role: Trader

Position-related expenses such as funding fees keep adding up over time that somewhat daily impact the liquidation prices of the positions every block.

The funding fee to be paid is determined by the following formula on the block bb:

fPeriod(b)=PositionSize×TokenPrice×i=1bSecondsPerBlock31,536,000×FAnnualizedRate f^{Period}(b) = Position\ Size \times Token\ Price \times \sum_{i=1}^{b}\frac{Seconds\ Per\ Block}{31,536,000} \times \underbrace{F}_{Annualized \\ Rate}

Key takeaway: Cover a portion of the position before the snap point. A smaller position size can provide you with the desired discount on the funding fee.

Proposal Submission Charge

Applicable role: Provider

Charge for the proposal submission of pool creation is levied at 10000 IPISTR every time. The proposer will be marked as the "Power Creator" and innately grab the subsequent staking rewards of the whole pool as the proposal get approved.

Priority Fee

Applicable role: Ruler

When bidding debt or legacy via the console on the Liquidation page, the key factor therein propelling up the success might be the priority fee you pour in. Important to keep a tab. In particular, only 2 rulers participate the Phase 1 of an ongoing liquidation. Total debt is 10000 TRX, you deposit 2000 TRX and 17.5 IPISTR as priority fee, and Tim deposits 10000 TRX without any additional wagers. Finally, you will win 2000 fully whereas Tim can merely take 8000, the remanent 2000 TRX he deposited into the Auction contract before will be withdrawable for him to retrieve.

The TRX price climbed to $0.094 when the bidding is over, simultaneously IPISTR is $0.04. Your final profit for that liquidation participation is $0.094 × 2%(default reward rate) × 2000 - 17.5 × $0.04 = $3.06, which gets you almost a 1,238.4% APY.

Monetary Value to Users

Pool Staking Rewards

Applicable role: Provider

DeFi protocols typically incentivize stakers to provide liquidity to the pool for advancing trading activities. Refer to IPISTR mining to acknowledge the specific calculating formula.

Trading Rewards

Applicable role: Trader

40% pool revenue of the entire protocol is cumulated for the traders at IPISTR token. The portion of the reward you can take relies on your contributed trading volume during one trading round.

Pool Creation Premium

Applicable role: Provider

3% extra of pool produced IPISTRs along the entire lifecycle in all shapes.

Liquidity Providing Earning

Applicable role: Guest

When you deposit LP tokens in the LP pool, you receive some shares. This represents your shares of the total token amount in the pool. Simple depositing tokens into the pool can provide returns.

Liquidation Rewards

Applicable role: Ruler

  • Tanto: 2% profit margin above the real-time market equilibrium price
  • Katana: 1% of the filling amount that you send to a DEX

Legacy Taking Profit

Applicable role: Ruler

2% profit margin above the real-time market equilibrium price.

If you are a fresh ruler, please check out the Naginata in Debt Auction for a more in-depth description.

Voting Incentives

Applicable role: Ruler

  • Vote For and linked pool go online: 0.5% of the pool produced IPISTRs along the entire lifecycle
  • Vote Against and linked pool rejected: The rulers standing Against take the portion of the Proposal Submission Charge based on the votes

Committee Dividen

Applicable role: Ruler

The annualized rate of return is a predetermined fixed rate of 4%. For instance, say that you deposited 1000 IPISTR into the Committee contract, nearly 3.33 dividends you can harvest this amount on an identical day next month.