Fees and Charges

Prodds maintains a clear and transparent fee structure to ensure fairness, with no hidden costs or spreads. Our platform charges two types of fees to support operational costs: the Platform Fee and a Handling Fee.

Platform Fee

The Platform Fee is charged to winners based on the total value of the prediction pool at the close. Larger pools result in a lower fee rate for everyone. This approach encourages users to invite others, helping to reduce fees for all participants.

Platform Fee Table

| Final Pool Size Range (in $RDM)     | Platform Fee Rate |
|-------------------------------------|-------------------|
| Final Pool Size ≤ 50K               | 5.0%              |
| 50K < Final Pool Size ≤ 100K        | 4.0%              |
| 100K < Final Pool Size ≤ 350K       | 3.5%              |
| 350K < Final Pool Size ≤ 500K       | 3.0%              |
| 500K < Final Pool Size ≤ 750K       | 2.8%              |
| 750K < Final Pool Size ≤ 1M         | 2.6%              |
| 1M < Final Pool Size ≤ 2M           | 2.4%              |
| 2M < Final Pool Size ≤ 3M           | 2.2%              |
| 3M < Final Pool Size ≤ 4M           | 2.0%              |
| 4M < Final Pool Size ≤ 5M           | 1.8%              |
| 5M < Final Pool Size ≤ 7M           | 1.6%              |
| 7M < Final Pool Size ≤ 8M           | 1.4%              |
| 8M < Final Pool Size ≤ 10M          | 1.2%              |
| 10M < Final Pool Size ≤ 20M         | 1.0%              |
| 20M < Final Pool Size ≤ 30M         | 0.9%              |
| 30M < Final Pool Size ≤ 40M         | 0.8%              |
| 40M < Final Pool Size ≤ 50M         | 0.7%              |
| 50M < Final Pool Size ≤ 75M         | 0.6%              |
| 75M < Final Pool Size ≤ 100M        | 0.5%              |
| 100M < Final Pool Size ≤ 250M       | 0.4%              |
| 250M < Final Pool Size ≤ 500M       | 0.3%              |
| 500M < Final Pool Size ≤ 1B         | 0.2%              |
| Final Pool Size > 1B                | 0.1%              |

The final Platform Fee rate is determined once the pool closes, meaning everyone in the pool shares the same rate based on the final pool size.

Handling Fee

During the claim period, winnings are free to claim. After this period, unclaimed winnings will be automatically transferred to the Prodds Predict NFT holder, with a 1.99 $RDM handling fee deducted from the payout.

Community Governance

Once the Prodds DAO is established, eligible $PRD token holders will be able to propose and vote on potential changes to the fee structure, ensuring a community-driven approach to platform improvements.