8.2 Fee Structure

maicrotrader generates fees from two sources:

Trading Fee (0.7%, paid in cbBTC)

The primary fee on all vault trades, collected in cbBTC.

Allocation	Share	Use
Buybacks	60%	Purchase $MAICRO from open market
Team (Operations)	30%	Held in cbBTC, funds audits, liquidity, operations
Treasury	10%	Additional buyback, held in $MAICRO

Vault Trade Fee (0.02%, paid in USDC)

A smaller fee on individual vault-level trades.

Allocation	Share	Use
Team	50%	Held in USDC
Staker and depositor rebates	30%	Buybacks shared with stakers and vault depositors
Treasury	20%	Held in USDC

Buyback Mechanics

Of all $MAICRO purchased via buybacks:

• 75% is permanently burned, reducing circulating supply

• 25% is distributed to active stakers as yield

Dynamic Scaling

The buyback intensity is designed to scale with market conditions:

Buyback_Intensity(t) = Base_Rate × (Target_MC / Current_MC)^α

Where α controls the scaling aggressiveness. At low market cap relative to target, buybacks are aggressive, compressing supply. As market cap grows toward target, the system normalizes, shifting weight from burns toward larger staker rewards and treasury growth. This prevents the protocol from burning aggressively at a point when supply reduction has diminishing return.