ADA Parameters
Opening Fee
0.35% of total position size (Note: Additional fees may apply based on pool utilization and position ratio)
Hourly Borrow Interest Rate
0.0025% per hour
Liquidation
95% LTV (5% maintance margin)
Max Position Size
$100,000
Dynamic Fees Based On Directional Imbalance
Directional imbalance measures the percentage skew between long and short positions (e.g., 60% long / 40% short = 60% imbalance). Hourly borrow fee and opening fee increases as the imbalance gets higher.
Opening Fee Utilization Parameters
Note: LPs take roughly ~50% of opening fee and Strike stakers take roughly ~50%
> 60%
0.450% of total position size
> 65%
0.475% of total position size
> 70%
0.500% of total position size
> 75%
0.525% of total position size
> 80%
0.550% of total position size
> 85%
0.650% of total position size
> 90%
0.750% of total position size
> 95%
0.850% of total position size
Hourly Borrow Fee Parameters
Base Hourly Borrow Fee (Based on Directional Imbalance)
The dominant side will have the hourly borrow fee specified here. The non dominate side will have a base hourly fee of 0.0025%.
50%
0.00781%
68.44%
0.00977%
85.55%
60%
0.01520%
133.13%
0.01900%
166.41%
70%
0.02580%
226.01%
0.03225%
282.49%
75%
0.03157%
276.52%
0.03946%
345.70%
80%
0.03701%
324.20%
0.04625%
405.18%
85%
0.04177%
365.91%
0.05222%
457.44%
90%
0.04564%
399.82%
0.05705%
499.71%
95%
0.04861%
425.86%
0.06075%
532.20%
98%
0.05000%
438.00%
0.06250%
547.50%
Pool Utilization Multiplier
Pool utilization ≤90%: 1.0x (no multiplier)
Pool utilization >90%: 1.25x (25% increase)
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