Hummus Exchange
  • Welcome to Hummus Exchange
    • Next-gen protocol design
    • Limitations of current stableswap protocols
    • The Yellow paper
    • A Platypus Finance fork
  • Tokenomics
    • Token: HUM and veHUM
    • Distribution
    • Vesting
  • Concepts
    • Coverage Ratio
    • Hummus Exchange Interest Rate Model
    • Fees
    • Swap Slippage
    • Withdrawal Fee
      • Withdrawal Arbitrage: The Risk of Attacks on the protocol
      • The countermeasure against withdrawal attacks
    • Deposit Fee
    • Haircut
  • Security
    • Audits
    • Price Oracle
    • Economic Risk
    • Impairment Loss
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  1. Concepts

Haircut

When users make trades on Hummus Exchange, haircut is collected by the protocol. Haircut is a fee to support and encourage the operation of the platform. Currently haircut for stable swap is 0.01%.

Retention Ratio

A portion of haircut collected remains in the AMM system according to retention ratio.

Initially, the retention ratio is 100%, and all fees collected remains in the AMM. If retention ratio is set to be lower than 100%, the rest of the haircut will be distributed to liquidity providers.

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Last updated 3 years ago