🌊Poseidon Buy and Sell Fees

Poseidon buy and sell fees are an important component of the PAP. They provide capital for performing critical functions to the protocol as noted in the Poseidon Token section of this White Paper.

Other protocols utilize selling bonds to support the same functions as Poseidon fees, but we believe that approach is riskier because if bonds are not purchased, the token can lose its support and spiral downward in price as we have seen with several of these bond based protocols.

Selling bonds also costs token holders. It reduces the amount of APY that can be offered and eliminates the ability to offer a stable APY.

The amount of the fees (13% for buys and 18% for sells) allows Poseidon to provide $POS holders with the stable high yield of 110,389% annually.

One additional benefit of the high fees is that Poseidon is the only token that benefits when Whales dump because the fees collected support $POS holders.