Fee Structure
As Blueprint features several different liquidity pool types, the trading fee tiers vary from pool to pool.
Gauges If both tokens of a liquidity pool's pair are whitelisted by Stabl Labs to be staked in gauges and receive $oBLUE emissions rewards, the liquidity providers of that pair will not receive swap fees. The profits expected by the liquidity providers staking on gauges are solely derived from $oBLUE emissions.
In contrast, veBLUE 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 veBLUE lockers to vote for the gauges that produce the highest volume in swap fees. The amount of fees earned by veBLUE holders depends on the pool that they vote for. Trading fee distribution is as follows:
Through this mechanism, the system provides veBLUE holders with the power to incentivize swap fees instead of total liquidity. The destination of $oBLUE 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 $oBLUE emissions.
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