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An overview of the trading fees charged on JOJO.
JOJO has the lowest trading fees of any platform, with no gas fees for on-chain confirmations and no borrowing fees. Users only need to pay transfer fees for trading and gas fees for depositing or withdrawing when trading on JOJO.
JOJO apply a tiered trading fee model. The rates for maker and taker orders are as below:
Maker: Base fee 0.02% + Offset
Taker: Base fee 0.07% + Offset
JOJO uses an Insurance Fund to avoid auto-deleveraging in traders’ positions. The fund is used to execute unfilled liquidation orders before they are taken over by the auto-deleveraging system.
The Insurance Fund grows from liquidations that were able to be executed in the market at a price better than the bankruptcy price of that particular position. JOJO's insurance funds will be used to pay for the risk of the user's bankruptcy that may occur in extreme market conditions.
For more detailed info about JOJO Insurance Fund, please check the following article:
JUSD is a stablecoin developed by the JOJO system to support multi-collateralization. This feature allows users to use other non-stablecoin assets (BTC, ETH, etc.) as a margin for trading. JUSD works like DAI and users can mint JUSD by staking other ERC20 tokens as collateral with 0 borrowing fee.
For more detailed info about JUSD, please check the following article: