Fees

Summary of dShare retail fees

dShare Issuance Fees

The protocol fees per order are described here. In addition, the blockchain network fee is added to the total cost of the order.

NetworkCurrencyFee (Flat & Variable)
EthereumUSD+$10 + 0.25%
EthereumUSDC, USDT$10 + 0.50%
L2USD+$0.20 + 0.25%
L2USDC, USDT, USDB$0.20 + 0.50%

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Volume-based discounts are available for qualified partners.

Fees are applied for buy and sell orders as follows.

// buys
fee_buy(x_paid) = fee_flat + fee_variable * x_paid

// sells
fee_sell(x_proceeds) = fee_flat + fee_variable * (x_proceeds - fee_flat)

Dividends

Standard Dividend Fee: 5%

All dShares are eligible to receive dividends if the underlying asset issues them.

Unwrapped dShares receive dividends in the form of USD+.

USD+ is Dinari's asset-backed yield-bearing stablecoin. USD+ is 1:1 swappable for USDC at usd.dinari.com.

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Dividend fees and expected network fees are taken before distribution. If the network fee exceeds the dividend amount, then the dividend will not be issued.