yieldz.cc Documentation
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  1. Tutorials
  2. Manage Staking

Action Fees

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Last updated 3 months ago

Managing an Action Fees Staking Protocol

When your staking protocol is configured as an Action Fee Protocol, you can manage and adjust fees for staking actions such as deposits, withdrawals, and restaking. This tutorial will guide you through the process of updating these fees.

  • Scroll down to the Action Fee Management section, where you can modify the following:

    • Deposit Fee – Charged when a user stakes tokens.

    • Withdraw Fee – Charged when a user withdraws their staked tokens.

    • Re-stake Fee – Applied when users restake their earned rewards.

  • Enter new values for each fee. Keep in mind:

    • The fee values use basis points (bps), where 100 bps = 1%.

    • For example, entering 2 means a 0.02% fee, and 100 means 1%.

  • Click “Update” to proceed.

  • A message will appear: "Open wallet to confirm update..."

    • Open your connected wallet and approve the transaction.

    • Once the update is confirmed, the new fees will be applied.