ovToken Fees

Origami charges a standard 10% Protocol fee on the harvested rewards and is paid in oTokens to Origami's treasury.

Protocol Fee Example

  • 1 WETH is collected in rewards from having GMX staked on the GMX platform

  • The 1 WETH is converted into 35 GMX by selling on a DEX pool

  • The 35 GMX are staked and correspondingly 35 oGMX are minted as reserves

  • 10% of the oGMX (3.5 oGMX) is sent to Origami Treasury as a fee

  • 90% of the oGMX (31.5 oGMX) is dripped to ovGMX's reserves over a period of 2 days to grow its reservePerShare

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