# 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%      |

{% embed url="<https://www.desmos.com/calculator/lublhdxjcf>" %}
Slide the SAIL balance.
{% endembed %}