Platform
Aada.finance protocol V1
RISK MANAGEMENT
DeFi Academy
AADA token
⛽
Usage fees
What fees our user should expect to pay
Service fee
Aada will be charging 0.35% withdrawal fee which will be distributed to AADA stakers.
Cardano transaction fee
Cardano transaction fee currently is ~0.17 ADA.
How it compares:
Take an example of user who has deposited $10,000 for a period that generates returns of 3%.
Using AADA (Cardano):
Deposit (Cardano transaction): ~$0.30
Withdrawal (Cardano transaction): ~$0.30
Service fee 0.35%: $35
Total returns: $264 (2.64%) = $300 (3%*$10,000) - $0.6 - $35
Using AAVE (Ethereum) Rates as of 6/14
Deposit (Ethereum transaction): $65
Withdrawal (Ethereum transaction): $71
Service fee: 0%
Total returns: $164 (1.64%) = $300 (3%*$10,000) - $65 - $71
Aada is expected to have lower price compared to Ethereum competitors. Moreover, the utilization of borrowed funds on Cardano is much cheaper.
Last modified 3mo ago
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