Claim accrued fees

Unclaimed fees sit in the protocol and act as a first line of defense against bad debt. If a liquidation results in a loss, the protocol can burn these accrued fees to cover the deficit before touching the Liquidity Pool.

1

Initiate a Proposal

Navigate to the Permissionless Interface.

1. Click "New GIP" (or select an existing draft).

2. Select the Market you want to claim fees from.

Then select a market you want to claim fees for.

2

Add Distribution Action

1. Go to the Details tab of the Market.

2. Locate the Accrued Fees section.

3. Click the "Distribute" button.

• Note: This adds a transaction to your GIP batch. It does not execute immediately.

3

Execute via Timelock

Like all governance actions, claiming fees is subject to the standard proposal lifecycle.

1. Finalize the GIP.

2. Queue the transaction in your Safe (starts the 24h timelock).

3. Execute the transaction after the timelock expires.

Once executed, the funds will appear in your Fee Collector wallet.