Swap, Fees, and Distribution Mechanism

Dynamic pricing on OpenFi is supported by Chainlink Oracles and an aggregate of prices from leading volume exchanges.

Fees for trading volatile assets on OpenFi are 0.4%, while stable assets have a fee of 0.01%.

The fees generated from trading are distributed to voters over a 7-day period at the beginning of the next epoch. These fees are distributed proportionally to $veNEC users who voted for their chosen gauge. If a protocol bribes a pool, the $veNEC holders who voted for that pool will share the entire bribe proportionally.

Of the fees generated, 30% are returned to $veNEC holders every week, while the remaining 70% goes to the treasury. The fees accumulated by the treasury will be used to buy back $OPEN tokens and build deep liquidity on the OPEN-USDT pool over time.