devnetMonetization & Governance
PercoSec's revenue model, fee structures, governance framework, and long-term coordination mechanisms.
Note: This page describes the current and planned protocol economics. No yields, returns, or performance figures are promised or implied. All fee parameters are subject to change through the governance process described below.
Protocol fees are charged as a fraction of activity, not on principal. All fees are visible on-chain before any deposit or interaction.
Applied to insurance pool yield
The protocol retains 5–10% of yield generated by the insurance pool (trading fees, funding fees, liquidation penalties, and premiums). The exact rate is configurable per market at creation and disclosed in the market configuration account.
Performance fees are taken only on realized yield. Deposited principal is not subject to performance fees.
Applied to early withdrawal requests
Capital providers who request withdrawals before the epoch lock period expires pay a withdrawal fee. The fee scales with how early the withdrawal is requested relative to the unlock date. Fees collected are redistributed to remaining pool participants.
Withdrawals after the lock period are fee-free. The lock period duration is disclosed at deposit time.
Applied to successful insolvency claims
A nominal fee taken from the payout amount of a successful insolvency claim. Covers keeper incentives and indexer operating costs. This fee is deducted from the claim payout, not added to the deficit.
This fee applies only when a claim is processed. It does not apply to normal epoch settlements.
PercoSec provides a framework for institutional capital providers to deploy managed positions in insurance pools. This is not a managed fund or investment vehicle - it is tooling to help institutional parties interact with the protocol at scale.
Certain high-capacity pools can be configured with an access whitelist, allowing market creators to gate participation to institutional counterparties who have completed off-chain due diligence. This is optional - most markets operate as fully permissionless.
Institutional participants can deploy position management bots using the published Solana program IDL. Automated rebalancing, epoch renewal, and risk-score-triggered withdrawals are all possible through CPI calls.
The indexer API exposes historical data endpoints for pool performance, claim history, risk score time series, and fee accrual. Institutions can integrate these into their own reporting infrastructure.
High-volume markets can negotiate custom epoch durations and reserve ratio schedules with the protocol multisig. All agreed parameters are stored on-chain and visible to all participants.
In the current protocol version, governance is controlled by a multisig with a defined timelock for parameter changes. This is a transitional structure pending the development of decentralized governance tooling.
Signers
3-of-5 multisig
Parameter Timelock
24–72 hours
Emergency Pause
2-of-5 (fast path)
The protocol intends to introduce a governance token in Phase 5 (see Roadmap) to progressively decentralize parameter control. The governance token is intended for protocol coordination - not as a return-generating asset or investment vehicle.
Governance token holders would be able to vote on: fee parameter adjustments, new oracle source approvals, reserve ratio changes, and protocol upgrade proposals. All votes would be subject to on-chain time locks.
No governance token exists at this time. No token sale, airdrop, or allocation schedule has been announced. This section describes design intent only. Nothing in this section constitutes a promise, offer, or investment solicitation.