ποΈOther benefits to tokenholders
In addition to the staking benefits, the $PEAR token also rewards loyal participants in the trading ecosystem.
There are significant fee discounts available if the wallet holds a certain amount of staked Pear tokens (stPEAR)
Amount of sPEAR | Fee Discount |
10,000 | 5% |
50,000 | 10% |
100,000 | 20% |
250,000 | 30% |
1,000,000 | 40% |
2,500,000 | 50% |
These are automatically applied at point of execution on the Isolated and Cross (Orderbooks) mode. Say a user entered a trade for $10,000. The open fee by default would have been $13 If this user held say 50,000 s$PEAR tokens, they would only pay 0.9*$13, = $11.70 of fees (10% discount). Of this $11.70: 80% to Staking pool = $9.36
20% to Treasury = $2.34 Thus, the 'net' amount of $9.36 (after considering discounts) is eligible for $PEAR stakers.
As of 25 September 2024 fee discounts are not automatically applied on the Intents engine as that product is still in beta.
Last updated