📊Fee Rebates

Pear has implemented a Fee Rebate mechanism across all 3 engines. This significantly reduces the cost to trade on the platform.

The more you trade in any given month, Pear Treasury will pay you up to 18% of your Pear fees incurred in rebates. The tiers are as follows:

We can only rebate fees captured by us. Execution fees captured by GMX, Vertex, SYMM or the underlying Market Makers are not eligible.

Pear collects 20% of your fee, and 80% goes to stakers. So in effect, Pear Treasury effectively will give up almost all it's internalised fee's to our largest users.

It is important to know that fees for our intent engine are captured upfront (open and close fees). Thus every time you OPEN a new trade on Intents (and if you in Tier 3 or above) you will be able to claim your rebate. However, when you CLOSE a trade on Intents, even though your volume has increased, the fee was already captured and thus no new amounts will reflect on the dashboard for that month.

This amount is claimable in ETH on the Dashboard. Claims begin from trades placed after 5pm UTC on 11 November 2024.

Essentially, the more you trade, the cheaper it will be to trade on Pear. Here is an example: Say you are Tier 2 (10% rebate). You place a trade for $100,000 on the intents engine and incur a 0.13% open fee and a 0.13% close fee (0.26% total, all captured upfront). The total fee captured by Pear is $260 on your $100,000 trade. You will be able to claim = $26 in ETH (10% of the $260). These are claimable at the end of each monthly epoch.