Docs
Fees and royalties
Where every trading fee goes.
The trading fee
Every swap pays the pool's fee: its base fee plus what its blocks add. Like any Uniswap pool, that fee goes to the pool's liquidity, shared between positions by size. Burns are separate: tokens burned from a buy are destroyed, not paid to anyone.
Launches
In a launch, the locked founding position holds most of the liquidity, so it earns most of the fees. Those fees are split when collected:
| Recipient | Share |
|---|---|
| Creator | 90% at the current setting |
| Protocol | 10% at the current setting; block royalties are paid out of this share |
The split is fixed for each launch at the moment it launches; the owner can only change it for future launches, up to 50%. Buys pay fees in USDC and sells in the token, so both are paid out in both.
Block royalties
Each approved community block has a royalty rate, at most 20% of the protocol's share, fixed per launch when it launches. It is paid to the block's current author when the launch's fees are collected. Royalties never come out of the creator's share.
Existing-token markets
All fees go to liquidity providers. There is no protocol share or creator share.
Collecting and claiming
- Anyone can collect a launch's fees; it only moves them into claimable balances.
- Claims are pull-based: each wallet withdraws its own balance, so one blocked account can't hold up anyone else.
- Creators and block authors claim from the pool page or their Portfolio.