Discovering Aurare : Platform fees

In this third piece, we’re covering the fee model that users can take advantage of through Aurare.

In brief :

Aurare collects a flat sales fee of 2% (in WETH) on all NFT sales excluding private sales. ARR token stakers earn 100% of the trading fees on Aurare.

All the WETH collected from these fees are consolidated every 24 hours (roughly)and then distributed to ARR stakers in a linear format per block over the following 24 hours.

How often can I claim my WETH rewards?​

Any time you want. There’s no limit on the number of times you can claim your rewards each day, but just be cautious of the gas fees you are paying to claim.

What happens if I forget to claim my WETH rewards for today?​

No need to worry. As long as your A remain staked it will continue to accumulate even if you don’t claim every day. You can leave it until gas fees are low or you’ve accumulated enough to make it worth claiming.

Why don’t private sales count to volume calculations for fee sharing?​

Unlike other marketplaces, Aurare doesn’t take a fee on private sales, so the volume generated by private sales doesn’t contribute anything to the WETH that’s earned by ARR stakers.