Fee Distribution System

The protocol generates revenue by taking a configurable share of staking rewards. This fee is managed and distributed through a dedicated mechanism to ensure transparency and fairness.

Fee Generation

• Fees are derived only from newly generated staking rewards — never from users’ original deposits.

• A configurable fee percentage is applied to each reward event:

  • Default: 10%

  • Maximum: 20%

• Fees are calculated and recorded whenever the exchange rate is updated during protocol operations.

Fee Accounting

• All accumulated fees are tracked separately in the contract state.

• During exchange rate computation, accumulated fees are subtracted from the total MAT balance to ensure the rate reflects only user rewards.

• This ensures the exchange rate accurately reflects user rewards and is not inflated by protocol fees.

Fee Collection and Distribution

• The protocol owner can withdraw accumulated fees to a designated FeeDistributionVault.

• The FeeDistributionVault holds a predefined list of beneficiaries with associated weightings.

• When distribution is triggered, each beneficiary receives a share of the fees based on their assigned weight.