Protocol

Fees

Taco charges no fees on volume. A single protocol fee is charged on the outcome of a position at close.

Fee	How it is charged
Opening, closing and funding	none.
Profit fee	2% of profit after the price buffer and asymmetric deduction, deducted from the winner's payout.
Loss fee	2% of the loss, carved out before the loss is credited to the Vault.
Liquidation fee	2% of the forfeited margin, carved out before it is credited to the Vault.

The price buffer and asymmetric deduction are part of profit settlement, not fees; see Settlement.

Where fees go

Half of every collected fee stays in the Vault and raises TLP's equity per share. The other half goes to the platform; referral payouts are made from the platform's half, never from the Vault's, and never mint TLP. See Referrals.

Fee split · share of every collected fee

No referrer

50%

With referrer

50%

40%

10%

With referrer, referee's first month

50%

35%

10%

Vault (TLP equity)PlatformReferrerReferred trader (first 30 days)

While winners are queued

Fees are collected only while the settlement queue is empty. While it is not:

Loss and liquidation feesLoss and liquidation fees are not charged; the full loss or margin is credited to the Vault.

Profit feeThe profit fee is still deducted but stays in the Vault to repay queued claims; the platform takes nothing.

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