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Claim Accrued Fees

Unclaimed fees sit in the protocol and act as a first line of defence against bad debt. If a liquidation results in a loss, the protocol can burn accrued fees to cover the deficit before touching the liquidity pool. Claim fees periodically to realise your revenue.

Steps​

Step 1 — Initiate a proposal​

In the curation interface:

  1. Click New GIP (or select an existing draft).
  2. Select the Market you want to claim fees from.

Step 2 — Add the distribution action​

  1. Go to the Details tab of the market.
  2. Locate the Accrued Fees section.
  3. Click Distribute — this adds a fee distribution transaction to your GIP batch. It does not execute immediately.

Step 3 — Execute via timelock​

Like all governance actions, claiming fees follows 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 appear in your Fee Collector wallet.