Promotional Fee Schedule
Note: This Promotional Fee Schedule applies when there is a special promotion in effect during the Promotion Period. This schedule may differ from the Standard Fee Schedule and applies in place of it during the Promotion Period.
Subject to the Disclaimers, this is a limited time fee structure for select participants starting:
Promotional Period begins: Monday, 5 December 2022 at 00:00 UTC
Promotional Period ends: Friday, 1 March 2023 at 00:00 UTC
Perpetual Trading Fees are charged on a per-tier basis according to the following schedule:
Insurance Fund Stake OR
Maker Fee (Rebate)
Takers are charged a variable Taker Fee depending on which Tier they belong to.
Tier 1 — 10bps: Default tier.
Tier 2 — 9bps: Either stake more than 500 or trade over 1m in volume (30D average).
Tier 3 — 8bps: Either stake more than 1K or trade over 5m in volume (30D average).
Tier 4 — 7bps: Either stake more than 2K or trade over 10m in volume (30D average).
Tier 5 — 6bps: Either stake more than 5K or trade over 50m in volume (30D average).
VIP — 3bps: Either stake more than 10K or trade over 100m in volume (30D average).
Insurance Fund Staking is a mechanism designed for:
- the protocol to bootstrap its Insurance Fund; and
- users to have exposure to the fees generated by the exchange.
For providing liquidity to the Insurance Fund, Insurance Fund Stakers are rewarded with their proportionate share of the every hour.
The proportionate share is calculated: $Total Staked Amount / Total Insurance Fund$.
- The Insurance Fund is at $5000 USDC. You decide to stake $10,000 USDC, bringing the total to $15,000 USDC.
Your proportionate share of the Revenue Pool paid every hour would be 10000/15000 = 66%.
Each hour, as the revenue pool settles fees earned to the Insurance Fund, you will receive 66% of the payout and the Insurance Fund would receive 34%.
There is a cooldown period of 14 days for unstaking any collateral from the Insurance Fund.
Python Staking Script -- https://github.com/drift-labs/driftpy/blob/master/examples/if_stake.py
Insurance Fund Address -- https://solscan.io/account/2CqkQvYxp9Mq4PqLvAQ1eryYxebUh4Liyn5YMDtXsYci#splTransfer
Drift Protocol reserves the right to end the promotional period and the Taker Incentive Program at any time. If the Drift Protocol chooses to do so, it will provide notice to participating users, but such notice is not required in order to conclude the program early or extend the program. Please note that the terms and conditions of this program are subject to change without notice.
There are risks associated with Insurance Fund Staking. Read more about the and .