Each fee has a variable (percentage) and a fixed component. The fixed part of each fee is nominated in Ether and is converted into the asset you are transferring.
Currently there are four basic service fees:
- Trade arrangement fee. You pay this fee when you enter new trade on the network. 0 fee on inception!
- Spread fee. (Interest fee). If you are a lender you pay this fee calculated from the interest you earn from the trade. 0 fee on inception!
- Default fee. Borrowers pay this fee if they fail to repay the loan in time. You pay only our costs on inception!
- Margin call fee. Borrowers pay this fee if their collateral value falls below critical level and the trade is terminated. You pay only our costs on inception!