# $IBET Real Yield

Reminder: `$sIBET` receives 35% of all fees and can be traded for `$IBET`. In contrast, `$bIBET` can only be created by permanently burning `$IBET` from the circulating supply and, as a result, receives 50% of all fees. The other 15% is distributed to Insanity Labs. 

Trading Fees: 0.3% 

* `$IBET` proportion is burned to `$bIBET`. 
* `$ETH` proportion is distributed to stakers

ILP Deposit / Withdrawal Fees: 0.1% - 1% 

* 85 of these fees given to `$IBET` derivatives and 15% to Insanity Labs

Winners Fees: 0.1% - 1% 

* 50% of these fees provided to `$IBET` derivative holders. 

## Trading Fees

One way in which `$IBET` staking yield is generated is through the internal swap mechanism, similar to GMX. The trading fees generated by the pool are set at a standard 0.3% model.

`$IBET` that is paid out in this manner is permanently burned from the circulating supply and distributed to `$IBET` derivative holders, this means they are continuously earning from Insanity Bets. 

### ILP Fees

Additionally, there are deposit and withdrawal fees associated with the `$ILP`, ranging from 0.1% to 1%. When a user mints `$ILP` with the offered currencies or redeems `$ILP` to their underlying cryptocurrency, these fees are charged, and 100% of the fees collected and distributed accordingly. 

### Winner Fees

Every time a bettor wins, they pay a small fee to help maintain a healthy protocol when handling fees (Chainlink VRF) and more. 50% of this fee goes to stakers. In the future, it may be redirected to ILP or Insanity Labs treasury.

## Example Scenario for $IBET Derivatives Yield: 

Using the same scenario as $ILP yield but with the inclusion of trading volume and withdrawal and deposit volume for $ILP. 

### Targeting: 20% yield

Trading Fees: 

* IBET Trading Volume: $2.5m per day
  * 0.15% in $ETH per day = $3750
  * 0.15% in $bIBET per day = $N/A
  * Annualized = $1,368,750

ILP Fees:

* $100,000,000 deposit into $ILP
* $85,000,000 withdrawals into $ILP 
* $185,000,000 x deposit/withdrawal fee of 0.25% average 
  * Annual: $462,500

Winner Fees: 

* 50% of the winning fees. Assuming winning turnover of $100,000,000 @ 1% fee = $1,000,000
  * 50% of the fees generated = $500,000

Total fees collected: <mark style="color:purple;">**$2,331,250 paid out in ETH / USDT, as well as $bIBET**</mark>

* This would mean with $10,000,000 $IBET staked, a 23.3125% yield would be generated. 3.3125% over the target yield, and therefore no need for $esIBET emissions.&#x20;


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