Protocol Fees

Photon Labs does not impose direct fees with its solution. However, there are various fees associated with using the PBTC solution, which are detailed below.

Fee Structure

• Custodial Fees

  • Fees for custodial services provided by regulated and licensed custodians.

  • Covers the costs of securely managing and storing the backing assets.

• Yield-Generation Fees

  • Fees associated with yield-generation strategies and services.

  • Covers the costs of implementing and managing delta-neutral strategies and other yield-generating activities.

• Revenue Allocation to Reserve Fund

  • A portion of the revenue generated from PBTC-related activities is allocated to the Reserve Fund.

  • Ensures the growth and sustainability of the Reserve Fund to provide additional capital during negative yield periods.

• On-Chain Gas Fees

  • Gas fees incurred from users' interactions and execution in relation to PBTC.

Detailed Breakdown

A comprehensive breakdown of these fees, including exact rates and specific terms, will be provided soon and accessible to our users.