Trading Fees
Prodigy operates with a transparent fee structure:
Subscribers: No trading fees for subscribers who deposit funds into vaults. Subscribers are only responsible for gas fees incurred during deposits and withdrawals.
Vault Creators: A tiered trading fee is applied to the filled portion of each vault based on its size. The fee is determined using the Investment Token's price at the time of vault creation and the total quantity filled by vault subscribers.
Currently, ProdigyFi's fees are fixed at 20% of the yield offered to subscribers.
USD trading fee Formula: Fees = 20% x Yield offered to subscribers × Filled Vault Quantity
Example:
10,000 USDC Quantity Buy Low Vault (Filled Portion: 8,000 USDC)
Yield offered to subscribers = 10%
Fees = 20% x Filled Portion x yield percentage offered to subscribers = 20% × 8,000 × 10% = 160 USDC
20 WETH Quantity Sell High Vault (Filled Portion: 7 WETH) [Vault size = 20 WETH x $3,500 = $70,000]
Yield percentage offered to subscribers = 1%
Fees = 20% × Filled Portion x Yield amount offered to subscribers = 20% × [7 × $3500] x 1% = 49 USDC
Some vaults may display estimated fees, unfilled quantity can cause the trading fees to vary. Fee collateral will be collected upfront, and any unused fees will be refunded during withdrawal.
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