Claiming Fees

When Syde liquidity is used to exchange through the Syde contract, a fee is extracted and sent to the fee pool to be claimed by TON stakers. When claiming fees a staker also claims their SNX staking rewards, which reward them with extra TON for staking the TON they currently have. The smart contracts’ process once a staker requests to claim their fees is as follows:

• The fee pool checks whether there are fees currently available and whether the staker is eligible to receive fees.

• The amount of fees in syUSD is sent to the staker’s wallet address and the balance of the fee pool is updated.

Fees are allocated based on the proportion of debt each staker has issued. For example, if a staker has issued 1,000 syUSD in debt, the debt pool is 10,000 syUSD, and 100 in fees are generated in a fee period, this staker is entitled to 10 syUSD because their debt represents 10% of the debt pool. The same proportional distribution mechanism is used for TON staking rewards.