💲Fees

At initiation, Corepound focuses on the expansion of its user base. The early-stage budget concentrates on amplifying Corepound exposure to Web3 users. Rounds of airdrops and events on various platforms will achieve this goal. For instance, X and discord airdrops and seasons of Corepound Debank Recruitment are estimated to bring in a number of new users. At the same time, Corepound will not charge users management fees as an initiative to encourage users to add liquidity to Corepound vaults. Team members deem the spending acceptable if it helps to establish a good image of Corepound.

As Corepound enters the following stages where new features and strategies are available, the financial burden will mount up. On the one hand, more users will interact with Corepound contracts, mostly to farm the rewards. On the other hand, Corepound team needs to align with the project development goal, predominantly by funding research and upgrading codes. These measures put a strain on the Corepound financial system.

Therefore, Corepound decides to roll out a stimulus package to ease the financial pressure. At an appropriate time, probably around Q4, Corepound will introduce management fees. Users will be charged a fee accounting for 1.5% - 2.5% of the yields they make. The exact fee-yield correlation will come as a result of the Corepound DAO's consensus. It will be announced at least one month before the implementation.