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  • NFT Lending Protocol ParaSpace will charge a 3% fee on APE pledges beginning May 1

NFT Lending Protocol ParaSpace will charge a 3% fee on APE pledges beginning May 1

2023/04/20
NFT Lending Protocol ParaSpace will charge a 3% fee on APE pledges beginning May 1
NFT lending protocol ParaSpace will begin charging a fee on May 1, 2023, of which a 3% fee will be charged on APE pledges, which will be charged when Claim rewards are compounded and will primarily cover the cost of Gas we use to automatically compound user APE rewards. If profits are generated from the APE pledge fee, ParaSpace will reimburse 50% of the profits back to the Yuga ecosystem through support of community builders, sponsorship of community-driven events, giveaways, etc.