MAYZ - Whitepaper V2
  • INTRODUCTION
    • What is MAYZ?
    • Why MAYZ?
    • How Does MAYZ Work?
      • Types of Members
      • Fund Creation Process
      • Escrow Service
    • Protocol Path
      • MVP
      • Release 1: Full Cardano
      • Release 2: Cross-Chain Goal
    • Token Types
      • MAYZ Utility & Governance Token
      • Fund Token
    • Tokenomics
      • Total Distribution
      • Vesting Schedule
  • MAYZ PROTOCOL
    • Technical Document
      • General Aspects
        • Mutual Funds
        • Liquidity Pools
      • Purpose of MAYZ Protocol
      • MAYZ Holders Community
      • Protocol Contract
        • Definition
        • Functioning
      • Fund Contract
        • Definition
        • Functioning
      • ADA/LP Swap Contract
        • Definition
        • Operation
      • Escrow Agreement
        • Definition
        • Operation
      • Investment Unit, LP and uLP Token
        • Definition
        • Decimals and fractions
        • Recommendations
        • ADA in the Investment Unit
        • Investment Unit, LP Token and uLP Token Value
      • Deposits in the Fund
      • Withdrawals from the Fund
      • Fund Re-Indexing
      • Commissions
        • Payment of Commissions
        • Charging Commissions
        • Recovering Fees
      • UTxOs of Deposits in the Fund
      • Oracle Contract
  • Cardano Fund
    • What is Cardano Fund?
      • Cardano Fund
      • Passive Investment Strategy
    • Why Cardano Fund?
      • Cardano Fund Vision
    • How Does the Cardano Fund Work?
      • Spects
      • Where to Start
  • MAYZ
    • Development Roadmap
    • Meet the Team
    • Funding Strategy
    • ISPO
    • Knowledge Base
      • Why Cardano?
      • What is a smart contract?
      • What is an Index?
      • What Is a Blockchain Oracle?
      • What is a Cross-Chain Bridge?
  • Links
    • Website
    • Twitter
    • Discord
    • Medium
  • BRAND KIT
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  1. MAYZ PROTOCOL
  2. Technical Document
  3. Commissions

Payment of Commissions

The payment of commissions will be made in the Deposit to the Fund transaction and will be paid by the User at once and in full for the entire remaining Life Time of the Fund. The unit of payment will be uLP.

When making a deposit of a certain amount of Investment Units, the User will receive uLP in return. The transaction will mint the same amount of uLP as the amount of Investment Units deposited. Of the mined uLP, it will leave the corresponding commissions to be paid in the contract and grant the rest to the User.

The commissions to be paid will be determined by a specific value of each Fund called Commission. This percentage will be calculated from the amount of Investment Units that the User wishes to deposit and per unit of time, e.g., 2% / Month.

The amount of UI to Deposit, Amount uLP to Deliver, and Commissions to Pay (uLP) will be whole numbers as they represent the actual amount of uLP tokens that will be delivered and kept as payment of commissions.

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Last updated 2 years ago