ViperSwap Withdrawal Fees

ViperSwap LP Staking Fees:

Deposits As of May 8, 2021, deposit fees on ViperSwap are now 0%.
Withdrawals Withdrawal fees in ViperSwap range from 25% to 0.01%:
    25% slashing fee if the user withdraws from ViperSwap in the same block. (This is to prevent abuse from flash loans)
    8% fee if the user withdraws from ViperSwap under 1 hour.
    4% fee if the user withdraws from ViperSwap under 1 day.
    2% fee if the user withdraws from ViperSwap under 3 days.
    1% fee if the user withdraws from ViperSwap under 5 days
    0.5% if the user withdraws from ViperSwap after 5 days but before 2 weeks.
    0.25% if the user withdraws from ViperSwap after 2 weeks but before 4 weeks.
    0.01% if the user withdraws from ViperSwap after 4 weeks.
The fee system is designed to disincentivize short-term farming and selling pressure but still be fairly reasonable for those who only wish to yield farm during shorter time periods.
Withdrawal fees from ViperSwap are calculated based on the block of your previous withdrawal. If you have not withdrawn from the pool previously, they are based on the block of your first deposit.
Caveats The fee system outlined above is calculated based on block numbers - so any change to Harmony's underlying block time (e.g. block time increasing from 2 seconds to 6 seconds) will, unfortunately, have a negative impact on the fee system.
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Last modified 4mo ago
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