Fee Collection and Distribution
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Ribbon Finance takes 10% performance fees and 2% management fees. 50% of the protocol revenue gets sent to the treasury. The other 50% of protocol revenue gets converted to ETH and distributed to veRBN holders for reliable-cash flow. This is exactly what Curve does except instead of redirecting profits from option premiums it redirects profits from .
The protocol revenue has been directed to RBN lockers pro-rata retroactively, starting from veRBN launch on February 28th, 2022.
Protocol fee sharing was launched in April 2022.