Fee Structure

VETA, a pioneering platform for trading structured products, stands out with its investor-friendly fee structure and beneficial interest policy. We're committed to maximizing your returns.

Transaction Fee (Buyer's Exemption)

Our standard fee is calculated as an annualized rate of 1.25% of the transaction's nominal value, using the formula: (days/360) * 1.25% * nominal value. For the buyer (investor), the platform waives the transaction fee; for the seller (issuer), the platform deducts the transaction fee in advance.

Settlement Fee

Investors are required to prepare assets due for delivery for settlement. There are two methods of settlement: 1) Manual settlement (free, must be completed within 2 hours after maturity) and 2) Automatic settlement (a fee applies, at 2% of the profit and loss value). Investors must prepare the necessary assets for settlement, with the primary settlement asset being USDC (unless other currencies are explicitly specified). If there are insufficient assets for settlement (typically USDC) during the settlement process, the VETA platform's smart contract will liquidate collateral from the pledge pool to obtain settleable assets.

Typically, the maturity time is set at 16:00 UTC+8 on the maturity date. Manual settlements between 16:00 and 18:00 will waive the transaction fees. It's essential to note that most structured products on the platform have a knock-out observation mechanism, which may lead to early termination. The primary reason VETA platform charges for automatic settlement is to cover on-chain confirmation gas fees and other associated costs.

Forced Liquidation Penalty Fee

If a position's risk value reaches 100%, the system will automatically liquidate it and apply a penalty fee. This forced liquidation penalty fee is also enforced in case of a breach.

Collateral Pool Fee (Exemption)

Our collateral pool is a crucial element of VETA's offerings. We typically charge a daily fee of 0.1% per annum based on the size of the collateral pool, although this fee is waived during the platform's initial operational period.

Interest Earnings from Collateral Pool

At VETA, we believe that your assets should consistently generate income. Therefore, we actively use all assets in our collateral pool to create additional revenue. We place these assets on major lending platforms like AAVE and Compound, where they earn interest (such as 2% on USDC). All the earnings are returned to the investors, meaning you stand to earn more than the stipulated return on your financial products.

In summary, VETA combines a transparent, investor-friendly fee structure with an attractive interest policy, offering a comprehensive solution for trading structured cryptocurrency products. Our aim is to ensure your investments work harder for you without the concern of hidden costs. Join VETA and explore the future of digital asset investing with us.