💵Fee Distribution

Information on how fees are collected

For every wrap and unwrap fee gathered from PAD utilization, priority is given to subtract burn fees and partner fees from the total. The intention is to burn a specified percentage of rTKN and distribute the designated percentage of rTKNs to the specified partner. The remaining fees are converted and utilized for a market buy of PADS. Of the RIBBIT acquired in the market, 90% are distributed to the liquidity providers of the pod where the fees originated, while the final 10% is permanently burned, removing it from circulation.