Fees

Ooga Booga operates under a novel fee mechanism. A fee is only charged if the quotes of Bex, as well as Kodiak are both beaten by at least 0.15%. If so, a 0.069% fee is taken from the output token of the swap. This guarantees at least a 0.081% betterment to the swapper.

The fee rate is applicable to all interactors of the protocol including both frontend users as well as external swap APIs users.

The majority of the fees are then randomly and periodically swapped into OOGA to be distributed to OOGA stakers (sOOGA holders)