LSD Fee

1

Current fees (explicit)

• Staking (minting stCHR): 0.3%

  • Applied to the CHR amount at the time you stake. Net stCHR minted = CHR_staked * (1 - 0.003) (subject to rounding according to token decimals).

• Unstaking (redeeming stCHR → CHR): 0.3%

  • Applied to the gross CHR value you would receive at redemption (i.e., after exchange rate conversion). Final CHR delivered = Gross_CHR * (1 - 0.003).

2

Examples

Example A — Staking fee

• You stake 1,000 CHR.

• Mint fee = 1,000 * 0.003 = 3 CHR.

• Net stCHR minted = 997 stCHR (assuming 1:1 initial rate and simple rounding).

Example B — Unstake fee (with a non-1 exchange rate)

• You redeem 1,000 stCHR at exchange rate 1 stCHR = 1.05 CHR.

• Gross CHR = 1,000 * 1.05 = 1,050 CHR.

• Unstake fee = 1,050 * 0.003 = 3.15 CHR.

• Net CHR after unbonding = 1,046.85 CHR.

3

Why these fees exist

• Cover network & gas costs.

• Build protocol treasury and liquidity buffers.

• Provide funds for insurance/compensation in edge cases or to incentivize liquidity providers.

4

Where fees appear in UI

Before you confirm a stake or redeem, the Udon UI shows:

• Fee amount in CHR (and sometimes %).

• Net token amount you will receive (stCHR when staking; CHR after redemption).