# Protocol parameters ### Tokens ### πŸ’° Protocol fees * **Fixed** **0.25% upfront fee** to capture value on short duration loans (on the principal value of the loan, collected when a borrower takes a loan) * **33% of APR on the total debt accrued** to capture value on long duration loans ### πŸ“ˆ Interest rates * Lenders fully control APR ### Oracles Banx primarily relies on [Pyth](https://pyth.network/) oracle price feeds for token market prices, leveraging Pyth’s extensive safety features for a more secure understanding of token price activity. However, for assets that Pyth does not support, the protocol employs [Switchboard](https://switchboard.xyz/) oracles. ### NFTs ### πŸ’° Protocol fees * **Fixed** **1% upfront fee** to capture value on short duration loans (on the principal value of the loan, collected when a borrower takes a loan) * **6.2% APR on the total debt accrued** to capture value on long duration loans ### πŸ“ˆ Interest rates * Lend side: **34-104% APR** * Borrow side: **40-110% APR** Interest rates range depending on the LTV offered at the time. Once a loan is taken, the APR becomes **fixed**. Note: some collections have custom interest rates and ranges. These rates and ranges are currently at the discretion of the Banx team, and in the future will be controlled via governance voting based off partner points staked (see [tokenomics](https://docs.banx.gg/banx-nfts/holder-benefits)).