Leaven Network has 0 fees on deposits and 0 fees on withdraws, instead, the two fees that Leaven Network has are the "Performance Fees" and the "Referral Fees". In this area we will explain in detail about Referral Fees. For Performance Fees see Leaven Network Fees Breakdown.
Referral Fees were created in order to allow the Referral Program to exist. The Referral Program allows Leaven Network's users to earn unlimited earnings from referral earnings.
Despite the name 'Referral Fees' suggests, this fees actually, although by cutting the displayed APY, are the ones that allow everyone to have unlimited earnings, something that can be found nowhere in DeFi. So although fees may seem like a weakness, in Leaven Network, on the other hand, they are its strength.
The incentive payment created by Leaven Network to reward its referrers is called "Compensation Plan". In this Compensation Plan it will be explained how the 20% referral commission from APYs is divided among Leaven Network's referres. Of this 20% Leaven Network redistribute up to 19% to its referrers. This means that, considering 100% of the fees, Leaven Network keeps 5% for its treasury and redistributes 95% to the referrers of its network in the following way:
- 1.70% goes to Unilevel Bonus
- 2.20% goes to Global Growth Bonus
- 3.5% goes to Ambassadors' Bonus
- 4.5% goes to Leaven Network Treasury
The Compensation Plan has 3 Ways To Get Paid. Let's see them together.
Up to 14% on referral Unilevel earnings distributed on 5 levels, unlocked since beginning, without rules, paid every time a referee from your team/network makes a withdraw, meaning that you will receive the tokens (LP tokens) from the corresponding vaults.
Level 1 (people you direct invite): 6%
Level 2 (people your level 1 invites): 4%
Level 3 (people your level 2 invites): 2%
Level 4 (people your level 3 invites): 1%
Level 5 (people your level 4 invites): 1%
Sapphire (split among all those who qualified as Sapphire): 1%
Ruby (split among all those who qualified as Ruby): 0,95%
Emerald (split among all those who qualified as Emerald): 0,60%
Diamonds (split among all those who qualified as Diamond): 0,40%
Ambassador (split among all those who qualified as Ambassador): 0,75%
The remaining 0,30% goes for Raffle purpose
1% from Leaven Network’s global revenues based on Rank rules (see Ranks), distributed to Ambassadors (split among all those who qualified as Ambassador), paid quarterly (every 3 months, in day 1 of each quarter) in BUSD.
*$ worth is counted based on LPs amount (in order to not have fluctuation).
**50% rule means meritocracy so you cannot take, from the people of your team, more that 50% of the next rank tvl goal. E.g. You sign up Mary and Thomas (meaning they get into Leaven Network through your ref link). Mary brings $ 10,000 tvl in your team and Thomas brings $ 40,000 tvl in your team. You’ll not qualify as Sapphire because you can take for qualification only 50% of the next tvl goal (team requirements 50%= $ 25,000) from your "best team" (in this case Thomas) and from Mary you can take everything ($ 10,000 in this case), so you get qualified with $ 35,000 tvl, meaning you’ll remain without rank.
The remaining 1% goes to Leaven Network's Treasury.