How it works
Fees and revenue
Where reserve yield goes and how to review transaction costs.
Our reserve model directs yield according to how the dollar is used:
| Dollar | Where reserve yield goes |
|---|---|
| Standalone branded stablecoin | Its own treasury. |
| Dollars held in an asset market | The market's liquidity providers, less a protocol share. |
Holding a branded dollar alone does not earn reserve yield. Yield rates vary, and the protocol retains a share of market reserve income.
Before confirming an action, review the fees and amounts in the app and your wallet. Network gas is a separate transaction cost. Reserve yield and transaction fees are separate: earning rewards does not make an action free.