Epicentral LabsFees
Overview of OPX fees.
Overview
OPX collects protocol-level fees when users open, close, or interact with options contracts and related platform features. These fees compensate ecosystem participants and fund continued protocol development, consistent with the non-custodial reward and operational models defined in the Epicentral DAO governance framework.
These fees are not investment returns, dividends, or profit-sharing mechanisms, and they do not imply ownership or entitlement to the protocol. OPX transparently displays all fee structures within the interface during position creation and management.
Revenue Allocation
OPX distributes all collected fees autonomously through smart contract logic. The protocol allocates fees according to the following structure:
| Allocation Category | Percentage | Description |
|---|---|---|
| Rewards Program | 70% | Claimable Funds allocated to the Rewards Pool intended to incentivize participation and contributions from LABS Token holders |
| Core Team | 20% | Compensation for ongoing development, maintenance, and operational labor |
| Operations Expenses | 10% | Platform maintenance, infrastructure costs, and approved operational expenditures |
Autonomous Distribution
OPX distributes all fees autonomously through deterministic smart contract logic. The protocol executes fee allocation automatically without requiring manual intervention or discretionary management.
User Fees
OPX charges fees based on user actions and position types. The protocol applies fees transparently, and users see all applicable fees displayed within the interface during position creation and management.
Close Position Fee Responsibility
The Buyer or Seller that initiates the close position order pays the close fee.
Buyer Fees
Buyers incur fees upon executing economically meaningful events rather than holding positions, consistent with non-custodial platform design.
Buyer Fee Schedule
The final buyer fee schedule will be determined by an Epicentral DAO governance vote closer to mainnet launch. All information below is illustrative and subject to change. Please monitor Epicentral DAO proposals for updates.
| Action | Fee Type |
|---|---|
| Bid Open Position | 0.02 SOL fixed rate |
| Contract Premium | No fee charged |
| Bid Close Position | 0.10% of realized PnL |
| Exercise Option | 0.25% of position size |
Seller Fees
Sellers incur fees based on their role in creating and managing options contracts. Contract originators (First Makers) receive preferential treatment to incentivize market creation.
Seller Fee Schedule
The final seller fee schedule will be determined by an Epicentral DAO governance vote closer to mainnet launch. All information below is illustrative and subject to change. Please monitor Epicentral DAO proposals for updates.
| Action | Fee Type |
|---|---|
| Ask Open Position (First Maker) | Free — No fee for creating a new option contract |
| Ask Open Position (Existing Option Chain) | 0.02 SOL fixed rate — Fee applies when utilizing an existing contract template |
| Seller Borrow Rate | 0.005% – 0.02% per hour, based on position size and indexed to utilization inside the OMLP |
| Ask Close Position | 0.075% of realized PnL — Sellers receive a 25% discount on close fees |
| Seller Liquidation | 0.10% of collateral size |
Platform Swap Convenience Fee
OPX charges a convenience fee for platform swap functionality:
| Action | Fee Type |
|---|---|
| Platform Swap Convenience | 0.10% of position size |
This fee applies when users utilize OPX's integrated swap functionality for position management.
Disclaimer
None of these allocations constitute token repurchases, token price support, or the provision of financial returns. These fee allocations do not modify or enhance the rights or limitations of LABS or xLABS holders. For comprehensive rights, limitations, and disclaimers, please refer to the official Terms of Service.
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