🪙Tokenomics
What is $MU?
$MU is the governance token for the Mu.Exchange. The purpose is to create a governance token that will help decide the platform's future, but it also functions as a token that receives the revenue accrued to the platform, as stated below. You can read more about where to get $MU and other information here.
Open/Close Position Fee Distribution
Currently, we charge 0.08% for both sides. The following may change in the future due to tokenomics updates or design changes; however, currently, the distribution is as follows:
10% will go to the referral
90% will be distributed as follows:
5% to the keepers
30% to the $msDAI vault
30% to $MU staking
35% to the Mu Exchange treasury
Liquidation Fee Distribution
They are also known as countertrade fees; most liquidation fees are shared with $msDAI vault owners.
A 5% liquidation fee will be distributed as follows:
5% to the keepers
30% to the $msDAI vault
30% to $MU staking
35% to the Mu Exchange treasury
Funding Fee
80% to the counter-party
20% to the $msDAI vault
Borrow Fee
100% to the $msDAI vault
Governance
Future token holders will be able to participate in governance.
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