Fees
Here is an exhaustive list of all fees collected and distributed by Shibet protocol.
Last updated
Here is an exhaustive list of all fees collected and distributed by Shibet protocol.
Last updated
The referral fee is taken on every bet. It can be 0% or 20%.
If the player has a 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.
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.
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 status.
100% of this fee is distributed to BETS.
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 status. VIP status is upgraded by staking BETS, burning BETS, or leveling up.