The lowest fee possible to feed the Bear, which all gets distributed back to the Zoo.
IndexZoo charges a 0.1% fee on mint or redemption. There is also a 0.01% daily management fee (streaming fee) to cover rebalancing costs and perpetual futures funding costs. Fees are taken out of the NAV of the Bear, which means users will not see a token balance decrease or USDC charge in their accounts.
ZOO is launched as a DAO at the get-go, and ZOO’s profit will be 100% distributed to the ZooKeepers, aka the IZO token holders. IZO is ZOO’s governance token, and ZooKeepers will also decide how the ZOO runs in the future.