Protocol Fees
Sprinter Stash
Sprinter Stash handles cross-chain liquidity fills. Revenue is generated from the spread between source and destination values.
Revenue Components
- Fill Revenue: User deposit on source - amount bridged to destination.
- Borrow Costs: Cost of liquidity borrowing and cross-chain repayment.
- Solver Costs: Gas fees and execution costs fronted by solvers.
Profit Calculation
Fill Profit = Fill Revenue - Borrow Costs - Solver Costs
Monthly Distribution
- Withdraw raw profits from liquidity pools.
- Deduct solver gas costs.
- Distribute monthly fill profits to:
| Actor | Description | Fill Profit % |
|---|---|---|
| Solvers | For executing fills | 50% |
| LPs | For providing liquidity | 50% |
| Treasury | Protocol growth & sustainability fund | TBD |
➡️ Initial fee split is reviewed monthly by governance.
Solving API Revenue Share
When a fixed user fee is applied through Sprinter API, revenue is shared with partners based on usage volume.
Fee Discount Tiers
| Monthly Volume (USD) | Sprinter Fee (X%) | Discount |
|---|---|---|
| $0 - $1M | X * 0.20 | 0% |
| $1M - $10M | X * 0.15 | 25% |
| $10M - $50M | X * 0.10 | 50% |
| $50M - $100M | X * 0.075 | 62.5% |
| Over $100M | X * 0.05 | 75% |
Example
User Fee = 0.875%
Monthly Volume = $150M
Sprinter Fee = 0.875% * 0.05 = 0.04375% (4.375 bps)