$V4S
at work
Every copy burns $V4S and every ranked trader bonds it.
100% of the creator fees go back, in ETH, to the traders whose followers made the most.
15 bps
copy fee
On the input of every copy, on top of the pool fee. Plain swaps pay no copy fee.
5 bps
buys and burns $V4S
While the copied trader's followers are up over 30 days. The other 10 bps go to the trader.
15 bps
burns when followers are down
A trader at or below zero earns nothing: the whole fee buys $V4S and sends it to 0x…dEaD.
1.50
USDG on a 1,000 USDG copy
1.00 to the trader and 0.50 burns $V4S, or 1.50 burns. The keeper buys and burns every hour once the reserve passes 1 USDG.
10%
of a bond burns
Traders bond any amount of $V4S to rank. After a week their followers end down, 10% burns. Unbonding takes 7 days.
100%
of creator fees, weekly
In ETH, every Monday 00:00 UTC, to the ten bonded traders with followers up: 30 / 20 / 12 / 10 / 8 / 6 / 5 / 4 / 3 / 2%.