Protocol Operations
Fee Structure
Verio sustains itself by collecting fees at various points in the vIP lifecycle. These can broadly be broken down into two categories: IP-based fees, and vIP-based fees.
IP Fees by Protocol Function
Staking
Unstake Fee
vIP
0.1%
Fee charged on the burned vIP during unstaking operations.
Staking
Stake Fee
vIP
0%
There is no fee to stake.
Staking
Reward Fee
IP
15%
Fee charged on staking rewards.
Re-staking
Stake Fee
vIP
0%
There is no fee to stake.
Re-staking
Unstake Fee
vIP
0.1%-0.4%
Variable rate fee based on the lockup and maturity of re-staked vIP.
Tipping
Tip Fee
IP
15%
Fee charged on tips sent to IP asset creators
Utilization
Fees are used to subsidize things like Story protocol costs (unstake, redelegate, etc.), to provide insurance for user funds in the event of slashing, to incentivize IP asset interaction, and to provide additional liquidity to Story ecosystem partners. They also help to support ongoing development efforts and maintenance of Verio.
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