# Tokenomics & Fees

**Tokens**

**Foxify:** May be staked to earn a share of platform fees. Yield will be paid in 50% stable, 50% Foxify tokens. Stakers will have the option of auto-compounding into the Foxify staking pool, or auto staking yield into the perps LP.

**PLP:** PLP is the liquidity provider token for the perps liquidity pool.Stake to earn an ETF of majority Bluechip & stables.

**Fees**

Perps: Standard 0.1% in/out fee for trades. 0.05% Borrow fee for leverage.

P2P Options: 0% Fees for placing/losing a trade. 0.75% Fee taken on the winning side.

**Rewards**

Up to 3% of platform fees are awarded to traders based on highest volume, for trading competitions & team contests.<br>

<figure><img src="https://3787779808-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FWPxX2g309gwqDbuhobC9%2Fuploads%2FWBcloFjk6etE17zeXCJc%2Fspaces_5yYWb3YunlvhpZdJTV8K_uploads_ikt1uIcY2yn52QjTu8He_image.webp?alt=media&#x26;token=e874cccc-2a63-4530-8a0b-d3ba83d0e981" alt=""><figcaption></figcaption></figure>


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