Section 07 · 3 topics
PURR token
What PURR does inside the product — fee discounts and treasury buybacks.
Fee discounts
Holding PURR in the connected wallet lowers trading fees. Tiers are checked at order time and applied to the quoted opening fee.
- 0 PURR
- 0.035% / 0.010%
- Base taker / maker.
- 10,000 PURR
- 0.030% / 0.008%
- 100,000 PURR
- 0.025% / 0.005%
- 1,000,000 PURR
- 0.020% / 0.000%
- Maker fee removed.
Fee discounts stack with a referral rebate: the rebate is calculated on the discounted fee.
Treasury buybacks
A share of protocol revenue goes to the Cat Treasury vault, which buys PURR on the open market and stakes it. Depositors in Cat Treasury hold PLP that tracks that PURR position. The buyback schedule and the amounts bought are published on the vault page under Total Revenue.
Trading PURR
PURR-USD is a perpetual market with a maximum of 5x leverage and four price decimals. Positions in PURR do not count as holdings for fee tiers; only spot PURR in the wallet does.