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  1. wpUSDT

Wrapping Fee Structure

The wpUSDT network employs a wrapping fee that is strategically reinvested into the community and its supporting infrastructure.

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Last updated 1 year ago

This fee is integral to the ecosystem, ensuring that participants who contribute to the network's security and functionality are rewarded. Here's how the fee is distributed and utilized:

Fee Allocation:

  • Validator Nodes: A portion of the wrapping fee is allocated to Validator Nodes. These nodes play a crucial role in hosting validators to secure the wrapping process, ensuring transactions are processed efficiently and securely.

  • JULD Stakers: Another segment of the fee benefits JULD stakers, rewarding them for their commitment to the network by staking their tokens.

  • Liquidity Provision: Lastly, a part of the fee is used to enhance the liquidity of JULD on-chain. This ensures a stable and fluid market for JULD, facilitating easier transactions and exchanges for users.

Fee Rate:

  • The wrapping fee is set at 0.3%, which aligns with the average market rate for swap fees. This rate is competitively priced, especially when compared to the fees associated with other privacy-enhancing features available in the market.

Additional Resources:

For a detailed understanding of how the wrapping fee is utilized within our ecosystem, a flow chart is provided below. Additionally, for more information about the JULD token and its role within the JulSwap platform, please refer to the official documentation available at .

This fee structure not only supports the operational and security needs of the wpUSDT network but also contributes to the overall health and liquidity of the JULD market, creating a symbiotic relationship between wpUSDT users, validators, and JULD stakeholders.

JulSwap Documentation