Fees

Protocol fees

• 10% fee is charged only when the protocol generates positive yield.

• No fees are collected if there is no yield generated.

• The protocol earns no profit from the minting or redeeming of USX.

Action	Fee
Minting USX (USDC → USX, pre-deposit phase only)	0%
Swapping any token to USX	USX.Capital doesn’t charge swap fees. If you swap using AMMs you’ll only pay their normal AMM pool fees, not fees from USX.
Redeeming USDC (USX → USDC)	0%
Staking USX (USX → sUSX)	0%
Unstaking USX (sUSX → USX)	0.05%
Fee	10% (only on positive yield)

Of the 10% fee, 5% goes to the reserve fund for protocol stability and 5% goes to the warchest.

Note: During both the pre-deposit campaign and after USX protocol launch, no fees will be charged for minting or standard redemptions.