From a7ccf7869459900d2358647d6dffa2294f0bcab0 Mon Sep 17 00:00:00 2001 From: BIP Bot Date: Fri, 3 Nov 2023 17:16:39 +0100 Subject: [PATCH] better explain yield fees. --- docs/concepts/governance/protocol-fees.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/concepts/governance/protocol-fees.md b/docs/concepts/governance/protocol-fees.md index 26060567..f821cfb8 100644 --- a/docs/concepts/governance/protocol-fees.md +++ b/docs/concepts/governance/protocol-fees.md @@ -23,7 +23,7 @@ Another potential source of Protocol Fees is from interest on Flash Loans. They ## Uses -As of [BIP-371](https://forum.balancer.fi/t/bip-371-adjust-protocol-fee-split/4978) in August 2023, the protocol takes 50% of the swap fees and yield fees. From that: +As of [BIP-371](https://forum.balancer.fi/t/bip-371-adjust-protocol-fee-split/4978) in August 2023, the protocol takes 50% of the swap fees and 50% of wrapped token yield fees on non-exempt pools with rate providers. From that: - 100% of all $BAL fees collected are emitted as fee sharing to veBAL holders. See this [Governance Proposal](https://forum.balancer.fi/t/proposal-distribute-protocol-fees-in-bal-where-appropriate/2933) - All other tokens are sold for USDC, of which: