Sailing Protocol
  • Sailing Mission
  • Frequently Asked Questions
  • SAIL
    • Order Fees
    • Dividend Fees and 3rd Party Protocols
    • Asset Listing
    • Distribution
  • Stocks On-Chain
  • Sailing Protocol DAPP
  • DEX Trading & LP's
  • Stocks Ownership
  • Sailing Protocol Integration
    • Plug & Play - Listing our ERC-20 Stocks
    • User Onboarding and Verification
    • User Identification by Wallet
    • Checking User Verification Status
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  1. SAIL

Dividend Fees and 3rd Party Protocols

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Last updated 8 months ago

Holding SAIL gives the user lower protocol fees for claiming stock dividends.

When a 3rd party protocol such as Aave holds SAIL in their contracts, the stocks held through the protocol (such as holding a stock position in Aave) receive lower dividend fees for all their users.

Protocols interested in holding SAIL include:

  • Lending Protocols

  • Farms

  • AMMs (Automated Market Makers)

  • Portfolio Managers

  • DAOs

SAIL balance will be automatically counted across all traditional wallets and smart contract wallets controlled by the user. To achieve this, a user indicates what wallets they control. Their associated smart contract wallets (aka. SAFE) will be detected automatically.

The current fee formula is summarized by the following table and graph.

SAIL Balance
Protocol Fee

1

20%

10

19%

100

18%

1,000

14%

10,000

6.5%

100,000

4%

1,000,000

2%

10,000,000

1%

Slide the SAIL balance.