MDLR feesEN
What MDLR costs to mint, redeem and hold.
Fees are set in the controller and can change only through the public timelock. The figures below are read live from the chain.
| Item | Fee | How it works |
|---|---|---|
| Mint | 0.10% | Taken from the value of the gold delivered. Minted to the treasury, so every MDLR, fee included, is covered by collateral. |
| Redeem | 0.10% | Taken from the MDLR returned. The rest is burned and paid out in the reserve asset at the oracle price, at par while the reserve covers supply. Below 1.00, each redemption is paid its pro rata share, the amount after the fee times the ratio. |
| Haircut | PAXG 0.00%, XAU-MOCK 0.00% | Taken off an asset's value in every valuation, mint included. Set per asset in the collateral registry, through the timelock. |
| Transfer | None | The token has no transfer fee and cannot acquire one. |
| Holding | None | No custody, management or negative-interest fee. MDLR pays no yield either. |
| Dispenser and MockXAU drip | Free | Testnet only. |
| Network gas | Varies | Paid in MIDS to the network, not to the issuer. Testnet MIDS is free from the faucet. |
Mint and redeem fees read from the controller's params(). Maximum either fee can be set to: 5.00%.
Limits
| Mint cap | 500,000 MDLR | MDLR value that can be minted per 24-hour epoch, across everyone. |
| Redemption cap | 25.00% | 25.00% of supply per 24-hour epoch, and never less than 10,000 MDLR. It exists so a run cannot outpace the gold's settlement. |
Where fees go
To the treasury account, which holds no role in the contracts. 0x8e97178fc4d5b180e69AD36C72eaC27582cE6656
Mainnet fees are not set. They will be published here before any mainnet mint.
Nothing on these pages is an offer, a solicitation or a recommendation to buy, sell or hold any asset, in any jurisdiction. Test MDLR is not sold and has no value.