♻️Fees

Here is an exhaustive list of all fees collected and distributed by Shibet protocol.

Referral Fees

The referral fee is taken on every bet. It can be 0% or 20%.

If the player has a referrer set, 20% of the betting fee is distributed to the player's referrer. The other 80% will be distributed to BETS.

If the player has no referrer set, 0% of the betting fee will be distributed to a referrer. 100% will be distributed to BETS.

HBET Deposit Fees

Fees on HBET Deposits range from 0.1% to 1.00%.

HEBT has no carry. This fee is subtracted from the deposit principal.

100% of this fee is distributed to BETS.

HBET Withdrawal Fees

Fees on HBET Withdrawals range from 0.1% to 1.00%.

The only way a liquidity provider can lower their HBET fee from 1.00% to a lower percentage is by upgrading their VIP status.

100% of this fee is distributed to BETS.

Betting Fees (when its release ofc)

Betting fees are fees taken on every bet.

Betting fees can never exceed whichever is greater: 1.00% of the bet size or $5.00.

However, players may reduce their betting fees to as low as to the greater of 0.05% of the bet size or $3.00, by upgrading their VIP status. VIP status is upgraded by staking BETS, burning BETS, or leveling up.