Beli Finance

Reward Distribution and Fees

Structures and distributions
The following sections provide a summary and a detailed explanation of the various reward distributions and fees associated with Beli Finance vaults. The main goal of reward distribution is largely for rising $BELI price. Most vaults have a reward distribution structure as follow:
Reward Distributions (from harvest yield farm)
  • Protocol Treasury: 50%
  • Buyback and Burn: 25%
  • Swap to $BELI: ~20 - 24%
  • Native Auto Compound: ~1 - 5%
These distributions are already built into the APY of each vault and daily rate. You do not need to calculate these yourself.
Deposit Fees Furthermore, vaults have a deposit fee. The main purpose of this fee is to prevent possible exploits from bad-faith actors and prevent front-running. Without this fee, somebody could deposit just before the harvest() function execution and withdraw straight after that event, taking a % of the gains generated by legitimate stakers. Deposit fees stay in the vault and are shared amongst vault funds. On Beli Finance we're proud to be doing things a little more transparently.
With our vaults, reward distributions and fees are included in the APY. So what you see is exactly what you get.