Acheron has distinct revenue models for each of its service lines, which are subject to negotiations on the commercial relationship conducted per client:
For Principal Market Making, Acheron negotiates a loan directly with crypto-asset issuers. The loan may include USD repayment options, allowing Acheron to repay the loan either in the original crypto-assets (plus any interest) or in USDT/USDC (plus any interest) at the end of the term. The revenue that Acheron obtains is the result of proprietary trading in crypto-assets, after the return of the loan (plus any interest) to the issuer. In some cases, Acheron receives call options associated with the loan, for which it may pay options premiums to the issuer.
For Designed Market Making, Acheron’s clients are charged (i) a monthly fee; (ii) a performance fee at the time of withdrawal based on surplus value generated; and (iii) a one-time retainer fee covering premarket planning and advisory services.
For Command Station, Acheron’s clients pay a monthly tiered software license fee based on the number of scripts they use each month. Clients purchase software credits, which are deducted according to their usage of scripts.
For Managed Buying/Selling, clients are charged a fixed fee calculated as a percentage of the proceeds from each sale of crypto-assets.