# Fees & Revenue Share

<mark style="color:$info;">Multiply uses a simple, predictable fee model that aligns incentives across front-ends, credit partners, and Dimes. Fees are composed of:</mark>

* <mark style="color:$info;">an</mark> **entry fee** <mark style="color:$info;">(one-time, based on notional × leverage),</mark>
* <mark style="color:$info;">a</mark> **time-based fee** <mark style="color:$info;">(continuous),</mark>
* <mark style="color:$info;">and a fixed</mark> **revenue split** <mark style="color:$info;">(30% to front-end).</mark>

<mark style="color:$info;">All fees are designed to cover hedging costs, compensate credit partners and front-ends, and fund Dimes' underwriting infrastructure.</mark>

<mark style="color:$info;">A leveraged position faces two fees:</mark>

#### **Entry Fee**

<mark style="color:$info;">A fixed percentage applied to Collateral × Leverage at position creation:</mark>

> <mark style="color:yellow;">`EntryFee = Collateral × Leverage × f_entry`</mark>

<mark style="color:$info;">where</mark> **f\_entry** <mark style="color:$info;">is between 1.0% and 1.5%, scaled with leverage.</mark>

<mark style="color:$info;">Example (YES @ 0.40, 5× leverage, $1,000 collateral):</mark>

> <mark style="color:yellow;">`EntryFee = 1,000 × 5 × 0.0125 = $62.50`</mark>

#### **Time-Based Fee**

<mark style="color:$info;">A funding-style fee applied continuously on Financed Notional.</mark>

> <mark style="color:yellow;">`TimeFee = FinancedNotional × f_time × TimeElapsed`</mark>

<mark style="color:$info;">Where</mark> **f\_time** <mark style="color:$info;">is equivalent to</mark> **20% APR**<mark style="color:$info;">, but charged continuously.</mark>

<mark style="color:$info;">Example:</mark>

> * <mark style="color:yellow;">`Collateral = $1,000`</mark>
> * <mark style="color:yellow;">`Leverage = 5×`</mark>
> * <mark style="color:yellow;">`f_time = 20% APR`</mark>
> * <mark style="color:yellow;">`Holding period = 12 hours`</mark>
>
> <mark style="color:yellow;">`TimeFee = 1,000 × 5 × (0.20 / 365) × (12/24)`</mark>
>
> <mark style="color:yellow;">`TimeFee ≈ $1.37`</mark>

#### **Total Fee Formula**

> <mark style="color:yellow;">TotalFee = EntryFee + TimeFee</mark>

#### **Distribution Model**

**30% → Terminal**

<mark style="color:$info;">For distribution, UI/UX, retention, notifications, and portfolio management.</mark>

**70% → Dimes**

<mark style="color:$info;">Used to:</mark>

* <mark style="color:$info;">fund hedging operations and routing</mark>
* <mark style="color:$info;">pay interest to credit partners</mark>
* <mark style="color:$info;">support risk modeling, monitoring, and settlement infrastructure</mark>
* <mark style="color:$info;">maintain buffers and safety margins</mark>

<mark style="color:$info;">Dimes operates with a</mark> **committed capital approach** <mark style="color:$info;">on the liquidity side, meaning credit partners allocate a defined facility size that Multiply can draw on continuously as positions are opened and recycled.</mark> **This guarantees front-ends and their users reliable access to credit capacity at all times**<mark style="color:$info;">, unlike pool-based models where available liquidity fluctuates with deposits and withdrawals and cannot be promised to integration partners.</mark>

<mark style="color:$info;">A 10% liquidation fee is assessed on remaining user equity when a position is force-closed, and is retained entirely by Dimes to offset hedge slippage, execution impact, and emergency unwind costs.</mark>

#### **Partner-Configurable Options**

<mark style="color:$info;">Front-end partners can opt into several configuration options that customize how their integration earns and reports revenue. These are not exposed as self-serve settings — Dimes provisions them on the partner record during onboarding, so the API surface stays unchanged for end users.</mark>

* **Custom partner origination fee** — <mark style="color:$info;">partners may add an additional spread (in basis points) on top of the protocol's tier-based origination fee. The combined rate is enforced on-chain and surfaced through the standard</mark> `origination_fee_bps` <mark style="color:$info;">field on every quote, offer, and position so end users always see the true blended rate before confirming.</mark>
* **Dedicated fee receiver wallet** — <mark style="color:$info;">partners designate a wallet that receives their share of fees. Settlement flows directly to that address, keeping accounting clean and removing any need for off-platform reconciliation.</mark>
* **Polymarket builder key (coming soon)** — <mark style="color:$info;">partners using the Polymarket route will be able to attach their own builder key so that orders routed through Multiply also accrue Polymarket builder rewards to their account, in addition to the standard Multiply revenue share.</mark>

<mark style="color:$info;">If you'd like any of these enabled for your integration, raise it with your Dimes contact during onboarding and they will be configured on your partner profile before go-live.</mark>