Mog has two fees at launch. Placing an order costs a flat open fee of 0.50 USDG. A winning close pays 5% of settled profit. Adding margin and funding fees are zero.
The open fee
Section titled “The open fee”Every order pays the open fee when you place it. It is not collateral: it does not change with your margin or leverage, and a scale order pays one fee per entry. Your available balance must cover the margin plus the fee.
Mog holds the fee with the order. When the order resolves — it fills, you cancel it, or it expires unfilled — the fee pays for protocol operations. Mog returns the fee only if a pause or a delisting voids the order.
Governance can change the open fee through the timelock, up to 5 USDG.
The profit fee
Section titled “The profit fee”On a winning close, Mog calculates profit using the close curve, then deducts the fee. At the payout price, the fee applies to the full profit cap.
The app’s Max profit already deducts this fee from the profit cap. Your remaining cash margin returns to your balance. A losing close has no profit fee. Your fee rate is fixed when the position fills.
What the fees fund
Section titled “What the fees fund”At launch, 70% of profit fees is allocated to MOG buybacks and 30% to protocol operations. Trader payouts take priority over paying these allocations. Open fees pay protocol operations directly when the order resolves. See Buybacks and burns.
Only profit fees count toward halving milestones.
Network transaction costs are separate.