🧬Fee Structure

As RIDE features concentrated liquidity pools exclusively, the fee tier will vary from pair to pair.

The profits expected by the liquidity providers staking on gauges are solely derived from $oRIDE emissions.

In contrast, pRIDE holders who vote to incentivize a particular gauge with emissions will receive swap fees from the liquidity pair that they voted for. This creates the incentives for pRIDE lockers to vote for the gauges that produce the highest volume in swap fees. The amount of fees earned by pRIDE holders depends on the pool that they vote for. Trading fee distribution is as follows:

• 90% fees to pRIDE voters

• 10% sent to Overcollateralization (OC) Treasury to increase the yielding power of $PLSX

Through this mechanism, the system provides pRIDE holders with the power to incentivize swap fees instead of total liquidity. The destination of $oRIDE emissions is in the hands of the lockers.

If a liquidity pool is not whitelisted to be staked in the gauge, it will receive all the swap fees it generates but have no $oRIDE emissions.