Dividend Fees and 3rd Party Protocols
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% |
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