Membership fee distribution

Membership fee is collected after a membership is purchased, renewed, or topped up using ETH or $Fair(currently not active). Membership Fee is 1.95% of the desired amount of cover.

The distribution of the collected fees is outlined as follows:

• Staking Rewards: 20% of the ETH is sent to the rewards contract.

• Funding Pool: 7.5% of the ETH is directed to the funding pool.

• Partners Pool: 15% of the ETH is allocated to the premiums pool.

• Bonding Curve: 57.5% of the ETH is sent to the bonding curve without the emission of $Fair tokens.

Contributors rewards are designated for $Fair participants who contribute ETH to the bonding curve in exchange for $Fair tokens. These rewards incentivize users to contribute to the platform and support its stability.

The funding pool is a pool of assets used to support on-going operational expenses of the network.

Partner rewards are primarily allocated to Fairside partners and users who refer new members to the platform. By bringing in new users, these partners and referrers help expand the community and drive growth.

The remaining ETH is retained by the bonding curve. This portion is crucial for increasing the reserve size, which in turn enhances the security and financial stability of the platform. By maintaining a robust reserve, the platform can better support its operations and manage risks.