Nirvana - Fees protocol

Nirvana is a twin system of algorithmic wealth & ultra low-risk stablecoin on the Solana network. It produces the ANA token: an algorithmic metastable token that serves as a store of wealth, and the NIRV token: a decentralized superstable store of value.

The protocol funds itself and its ecosystem entirely through fees. There is no team allocation of tokens. As the protocol grows, it accrues fees, and these are distributed to the ecosystem fund & development team. There is no “schedule” of token emissions. All tokens are created through usage of the protocol, and scale accordingly.

Fee itemization

There are several fees in place, used as incentives to balance the economic interests of parties. Trading (paid in ANA). When buying or selling ANA on the spot market, a small fee is collected. Initial value: 0.1% for buys, 0.3% for sells.
Unstaking (paid in ANA). When unstaking ANA, a fee is collected. This is to incentivize long-term staking to gain enough prANA rewards to balance the fee. Initial value: 0.5%
trANA contract purchase fees (paid in ANA). When purchasing trANA contracts, a small fee is collected from the face value of the ANA. Initial value: 0.2% NIRV loan origination (paid in NIRV). When taking out a NIRV loan from locked ANA, a one-time flat percentage fee is collected from the total allowable NIRV. This fee is large in order to disincentivize over-leveraging of NIRV loans with ANA purchases. Initial value: 3%