Protocol
Fees
Rind charges 0.20% only when a stop fires, 0.10% for $RIND stakers, split 50/30/20.
Rind charges one fee, only when a stop fires. Everything else is free.
The fee
| Action | Fee |
|---|---|
| Deposit | Free |
| Hold, wait, change the drop | Free |
| Withdraw before the stop fires | Free |
| Stop fires and sells | 0.20% of the sale value |
| Stop fires, wallet stakes $RIND | 0.10% of the sale value |
The fee is taken in USDG from the sale proceeds. You never pay a fee on a stop that does not fire.
Every action is a transaction on Robinhood Chain, so you pay network gas in ETH. Gas is paid to the network, not to Rind.
The split
Each fee is split three ways.
| Share | Destination | Purpose |
|---|---|---|
| 50% | Buy and burn $RIND | Removes $RIND from supply |
| 30% | Keeper bounty pool | Pays keepers for correct execution |
| 20% | Treasury | Audits, development, operations |
The split is a protocol parameter. Changes go through governance once it is live.
Examples
A standard exit
Your stop sells 10 NVDA Stock Tokens for 1,656.00 USDG.
| Item | Amount |
|---|---|
| Sale value | 1,656.00 USDG |
| Fee at 0.20% | 3.31 USDG |
| You receive | 1,652.69 USDG |
| To buy and burn | 1.66 USDG |
| To keeper pool | 0.99 USDG |
| To treasury | 0.66 USDG |
A larger exit, staked
Your stop sells a position for 10,000 USDG. Your wallet stakes $RIND.
| Item | Unstaked | Staked |
|---|---|---|
| Fee rate | 0.20% | 0.10% |
| Fee | 20.00 USDG | 10.00 USDG |
| You receive | 9,980.00 USDG | 9,990.00 USDG |
| To buy and burn | 10.00 USDG | 5.00 USDG |
| To keeper pool | 6.00 USDG | 3.00 USDG |
| To treasury | 4.00 USDG | 2.00 USDG |
Deposit and withdraw
You deposit 25 AAPL Stock Tokens, change your mind a week later, and withdraw. You pay no Rind fee. You pay gas for two transactions.
Staking benefits
Staking $RIND gives two benefits:
- The exit fee drops from 0.20% to 0.10%.
- The 3% fine drop becomes available.
Staking thresholds will be published with the staking contracts. $RIND has not launched. See $RIND token.
What Rind does not charge
There is no management fee, no performance fee, no deposit fee, no withdrawal fee and no spread. Rind never takes the other side of your trade.