💰Protocol fees

In the world of decentralized prediction markets, the fees are generally lower and transparent, allowing users to easily see and verify what they're paying to the platform. Here's a simple breakdown of the typical fees and how they're divided up:

Platform Fee

For every contract placed, there's a 5% fee that goes directly to the platform's system. This is like a service charge for using the platform.

Market Builder Fee

The people who set up and run each market get a reward for their work. They receive 20% of the platform's fee for every contract that goes through to completion. This is to encourage them to keep the market running smoothly.

Verifier Fee

There are also users who help verify the outcomes of contracts to ensure everything is fair and accurate. These verifiers get 10% of the platform fee as a thank-you for their contribution to keeping the platform honest and reliable.