💲Fee Structures

Creation Fee for new farms/pools

$10 USDC to deploy a new farm or pool with gain.algo NFD deposit boost enabled

$20 USDC to deploy a new farm or pool without boost enabled

Note: The Algorand network charges 1.5A to create a new contract. Creators are responsible for this network charge, in addition to the Gainify creation fee.

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Platform Fee for user actions

.33 ALGO for each user action on the site; this includes entering, claiming, and un-staking. The network fee (variable but usually around .003 ALGO) is covered by the platform fee.

Anyone in Algorand can earn their share of the platform fee and offset the cost through deposit boost by utilizing a v3 gain.algo NFD.

The platform fee could be seen as controversial, but the reality is this — freely accessing high APR farms & pools has done little to ensure longevity or sustenance of ASAs. While timelocks can be provisioned on sites like Cometa, this just leads to a much higher sell-off when the timelock expires. There are a variety of recent examples that can be reviewed to verify this.

By removing timelocks and requiring users to pay for the entrance/claim/withdrawal of farms & pools, we introduce game theory to farmers and stakers whilst removing prolonged sell-offs associated with timelocks. Now, farmers & stakers can enter & claim as much as they like, but there is a cost basis to consider.

For context, it would take over 93,500 user actions for Gainify to break even on the cost of the app’s development. It’s neither easy, nor cheap, to create an app such as ours.

At launch, the dollar cost of a single platform fee will be around $.05. For some perspective, the average cost of a ETH tx is currently around $.58. The G-App platform fee is ~12x cheaper than that.

Finally, by requiring users to pay with ALGO to interact on the G-App, this creates demand for our favorite L1 asset. A recent X interaction spoke to this point and we agree with the assessment. As standard network fees are so low, this leads to less market demand for ALGO. Conversely, the fee structure of the G-App creates demand for ALGO.

The platform fee was diligently created to ensure no one is paying exorbitant amounts, but it is a factor to consider when claiming rewards. Users will be able to enter a farm/pool, make one claim, and withdraw all for under 1 ALGO total cost (~$0.15). But, if users want to claim multiple times per day or week, then they have to weigh the benefit of that activity.

Succinctly, we’re shifting a fraction of the cost to operate permissionless farms & pools from projects who provide the APRs, to the users who earn the APRs.