> For the complete documentation index, see [llms.txt](https://fera-3.gitbook.io/feradotfun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://fera-3.gitbook.io/feradotfun/help/faq.md). # FAQ Short answers. Each links to the fuller explanation. ### What does FERA actually do? It provides liquidity on Robinhood Chain with a **smart, market-aware swap fee** (higher when flow is toxic, near-zero when it's benign) plus a **managed vault** so you don't have to run anything. [What is FERA?](/feradotfun/what-is-fera.md) ### What does it cost me? A **10% performance fee on the swap fees your liquidity earns**, and nothing else. No fee on your deposit, your withdrawal, your principal, or on any swap. If you earn no fees, FERA takes nothing. [Details.](/feradotfun/for-liquidity-providers/lp-guide.md#5-the-10-performance-fee-only-when-you-earn) ### Is there a guaranteed yield? **No.** FERA never promises an APY. What you earn depends on the volume and volatility your pool sees. The fee scales with market conditions; it does not scale to a target. [Risks.](/feradotfun/trust-and-safety/risks.md#no-guaranteed-yield) ### How is the fee actually set? Per swap, on-chain. On memecoin pools it scales with realized volatility (0.34% floor → 3% ceiling, 5% hard max on one-sided sell pressure). On stock-token pools it's near-zero while the market is open and widens with how far the pool has drifted from the Chainlink oracle when it's closed. [How the dynamic fee works.](/feradotfun/for-liquidity-providers/how-fees-work.md) ### Does FERA remove impermanent loss? No. Impermanent loss is inherent to providing liquidity, and FERA doesn't change it. Over the same price path, your IL is the same as in a vanilla pool. FERA changes **fee capture**, not IL. [Details.](/feradotfun/for-liquidity-providers/lp-guide.md#4-fees-vs-impermanent-loss-the-honest-version) ### Steady or Active: which do I pick? **Active** = concentrated near price, more fees, more IL. **Steady** = wide, steadier, less of both; built for conservative exposure (e.g. LPing a stock token). Memecoin pools offer Active only. [Details.](/feradotfun/for-liquidity-providers/lp-guide.md#2-steady-vs-active-choosing-a-risk-profile) ### Can I withdraw any time? Yes. Withdrawals are **never blocked or paused**, and your principal comes back in full. If you withdraw within a short window of depositing (30 min for memecoin pools, 10 min for stock-token pools), you forfeit the *fees* accrued in that window; the penalty decays to zero over the window and never touches principal. [Details.](/feradotfun/for-liquidity-providers/lp-guide.md#the-early-exit-window) ### Why did I forfeit fees when I withdrew quickly? That's the early-exit guard. It stops bots from sniping high-fee moments. Those forfeited fees are donated to the providers still in range (so when others do it, *you* get paid). [Details.](/feradotfun/for-liquidity-providers/lp-guide.md#the-early-exit-window) ### Why are my emissions so small? By design. Emissions are capped by real revenue (`emitted = min(cap, β × revenue)`), and a young protocol earns little, so early emissions are small. FERA doesn't sell an emissions APR. [Emissions.](/feradotfun/tokenomics-and-transparency/emissions-and-tokenomics.md#the-honest-asterisk-early-emissions-are-small) ### Why is my esFERA locked, and what's the 50% haircut? Emissions arrive as **esFERA**, which vests to FERA 1:1 over \~6 months. You *can* exit instantly, but only for half. The other half is forfeited (1/3 burned, 1/3 to vesting stakers, 1/3 to revenue). Waiting is usually the better deal. There's a live calculator before you confirm. [Rewards & vesting.](/feradotfun/for-liquidity-providers/rewards-and-vesting.md#the-instant-exit-haircut-in-numbers) ### What do I get for staking? Up to \~2× boost on **your own LP emissions**, a **share of protocol revenue** (variable, not a dividend), and an optional time-lock. No voting, no gauges, no bribes. [Details.](/feradotfun/for-liquidity-providers/rewards-and-vesting.md#staking-sfera) ### Does the vault out-earn managing my own position? **No, and we won't claim it does.** A skilled provider hand-managing a tight range typically captures more fees per dollar. The vault sells management, emissions-eligibility, simplicity, and a risk-profile choice, not higher yield. [Details.](/feradotfun/for-liquidity-providers/lp-guide.md#7-lp-directly-vs-the-vault-open-liquidity) ### Can anyone provide liquidity, or only through the vault? Anyone can LP a FERA pool directly and permissionlessly (pick your own range, full control). Only **vault** deposits earn FERA emissions, though. [Details.](/feradotfun/for-liquidity-providers/lp-guide.md#7-lp-directly-vs-the-vault-open-liquidity) ### Is this "investing in NVDA" or buying stocks? No. FERA is liquidity infrastructure, not securities. Deposits to stock-token pools are geo-fenced by jurisdiction; swaps are never gated. [Risks.](/feradotfun/trust-and-safety/risks.md#rwa-and-geo-fencing) ### Do traders or bots pay FERA a fee? No protocol fee, ever, on any swap, and swaps are never blocked. The dynamic fee is entirely the liquidity providers'. FERA prices toxic flow; it does not "capture MEV" (that's a v2 idea, not a v1 claim). [What is FERA?](/feradotfun/what-is-fera.md#what-fera-is-not) ### How do I know the numbers are real? Every number is reproducible from on-chain events; emissions are computed by an open-source script against a published snapshot and committed as a weekly Merkle root you can recompute. [Transparency.](/feradotfun/tokenomics-and-transparency/transparency.md) ### Is FERA audited? The money-path contracts passed a **rigorous internal three-pass security review** (a custom red-team, an independent skill-based audit, and a convergence pass) that found and fixed several Critical/High issues, each locked with a regression test; money-path contracts are non-upgradeable and parameters are immutable or behind a 48-hour timelock. An **independent external audit is the recommended final gate** and is a stronger signal than an internal review, so treat any deposit as DeFi capital you can afford to lose. [Security.](/feradotfun/trust-and-safety/security.md) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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