> For the complete documentation index, see [llms.txt](https://phemex.gitbook.io/phemex-web3-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://phemex.gitbook.io/phemex-web3-whitepaper/features/phemex-token/token-benefits/fee-discounts-and-earn-boosts.md).

# Fee Discounts & Earn Boosts

Having a certain threshold of vePT will grant users Phemex VIP privileges and corresponding trading fee discounts. vePT holders can also obtain interest rate boosts for Phemex Earn products as well as lower costs of borrowing for Margin Trading. vePT holders also enjoy a 30% discount on USDT borrowing rates when using the Phemex Lending Protocol. The specific terms of these benefits are subject to decentralized decision-making by the PhemexDAO. 

Users who achieve VIP privileges through their vePT holdings will also receive monthly airdrops of USDT by making fiat deposits or [buying crypto](https://phemex.com/fiat/buy-crypto/place-order?side=buy) on Phemex. Higher VIP levels are eligible to receive more frequent airdrops every month based on their deposits and buy crypto transactions.

| **vePT Balance** | **VIP Privilege** | <p><strong>Contract Trading Fee</strong></p><p><strong>Maker / Taker</strong></p> | **Spot Trading Fee Maker / Taker** |
| ---------------- | ----------------- | --------------------------------------------------------------------------------- | ---------------------------------- |
| ≥0               | VIP level 0       | 0.01% / 0.06%                                                                     | 0.1% / 0.1%                        |
| ≥50,000          | VIP level 1       | 0.01% / 0.055%                                                                    | 0.09% / 0.1%                       |
| ≥100,000         | VIP level 2       | 0.0055% / 0.05%                                                                   | 0.05% / 0.07%                      |
| ≥200,000         | VIP level 3       | 0.0045% / 0.045%                                                                  | 0.045% / 0.065%                    |
| ≥400,000         | VIP level 4       | 0.002% / 0.04%                                                                    | 0.04% / 0.06%                      |
| ≥1,000,000       | VIP level 5       | 0.001% / 0.0375%                                                                  | 0.035% / 0.055%                    |


---

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