The following direct fees are collected:
- Peg recovery fee. Only applies to bLuna token. Slashing events decrease the bLuna exchange rate, lowering the calculated value of a bLuna token. The protocol applies a fee of (configurable) to bLuna mints and burns whenever the exchange rate is below , targeting a gradual recovery to a one-to-one peg.
- Lido operating costs fee. All accrued rewards are taxed at a configurable rate (after the protocol upgrade the fee will be set to , but can be increased later.
- No peg fee is applied to stLuna bonds and unbonds (stLuna is not pegged);
- The peg recovery fee is applied to conversions between stLuna and bLuna.