Fees Structure
Fees Structure
Lend Bridge operates with a transparent and minimal fee structure to ensure fair and efficient lending operations. The fees are structured as follows:
Borrowing Fee (1%): A small fee charged when users take out a loan. This fee helps maintain liquidity and funds protocol operations.
Loan Repayment Fee (0.5%): When a borrower repays their loan, a 0.5% fee is applied, ensuring seamless protocol maintenance and continued development.
Withdrawal Fee (0.3%): Users withdrawing their collateral or loaned funds pay a nominal fee to support network functionality and gas costs.
Liquidation Fee (2%): In cases where a borrower fails to maintain the required collateral ratio, the protocol automatically liquidates the collateral. A 2% liquidation fee is imposed to compensate for liquidation execution and incentivize liquidators who help maintain system stability.
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