🏦┃Protocol earnings

The protocol transaction fees are distributed as follows:

V2

• 60% for Liquidity Providers in LP tokens

• 22.5% redistributed to xGRAIL holders through Real Yield Staking plugin
• 12.5% dedicated to GRAIL buyback and burn

• 5% to the Operating expenses

V3

• 85% for Liquidity Providers in LP tokens

• 7% redistributed to xGRAIL holders through Real Yield Staking plugin
• 3.5% dedicated to GRAIL buyback and burn

• 3% to the Operating expenses

• 1.5% to Algebra for licensing V3 AMM

V3 vaults

Camelot also receives a portion of the fees from Gamma’s vaults, ~⅓ of a 25% performance fees, i.e., 8% of the total, split between:

• 5% redistributed to xGRAIL holders through Real Yield Staking plugin
• 3% to the Operating expenses

This ultimately leaves Gamma with 13.25% of gross fees generated by their vaults.