24. How much fee does Option Panda charge users?
Option Panda charges 1% on the option premium that option underwriting pool receives. If $1 option premium is paid by an option buyer to the option underwriting pool to acquire a certain option(either Call or Put), the option underwriting pool will only receive $0.99. $0.01 goes to Option Panda as revenue.
Option Panda also charges 1% on the profit that an option buyer makes. If an option buyer makes $1 profit by exercising his/her option holdings, he/she actually only receives $0.99. $0.01 goes to Option Panda as revenue.
Majority of the platform revenue will be used to buyback & burn OPA.