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Spiral Stake charges a single fee: a swap fee at position entry. The rate depends on the market type. The fee is applied to the internal swap that converts the flash-loaned amount into the collateral token when leveraged exposure is created. If you enter from a token other than the collateral token, the swap that converts your deposit is charged at the same rate. No further fees are charged for the duration of the position.

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Fee schedule

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Equity + yield strategies

An equity + yield strategy holds a tokenized stock as collateral and farms the borrowed USDG in a correlated yield loop. The swap from USDG into the stock is charged 25 bps, the non-correlated rate. The swaps from the borrowed USDG into the yield loop are charged 5 bps.

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Notes

  • No fees are charged on increaseLeverage() or borrow()
  • supplyCollateral() and repay() carry no fee when made in the collateral or loan token. When made from another token, the swap that converts it is charged at the market’s rate
  • Closing a position incurs no fee, realized yield is paid out in full
  • Morpho flash loans carry no cost