VELLUM DOCUMENTATION

Swap fee

Each Vellum market resolves its swap fee at execution from an autonomous model plus any authorised, bounded, and expiring keeper override.

How it works

Calendar markets distinguish regular hours, overnight periods, closures and bell windows.

The interface applies this rule consistently across market details, position management, and rewards. Market state, fee inputs, and position ranges remain separate so each layer can update without changing the underlying product model.

Continuous markets use a flat base with deterministic volatility and optional override.

The interface applies this rule consistently across market details, position management, and rewards. Market state, fee inputs, and position ranges remain separate so each layer can update without changing the underlying product model.

The visible fee is a recent snapshot; execution state is final.

The interface applies this rule consistently across market details, position management, and rewards. Market state, fee inputs, and position ranges remain separate so each layer can update without changing the underlying product model.

Important considerations

Liquidity provision involves price, range, smart-contract, issuer, keeper, and network risks. Wallet access is limited to public account discovery and balance reads. Review current market conditions and every wallet request before taking action.

SecurityThe current interface does not request token approvals, signatures, or transactions.
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