Protocol revenue
The protocol's income comes from a share of the same fees everyone else is paid from. There is no listing fee, no creation fee and no subscription.
| Stream | The protocol's share |
|---|---|
| Curve trades | 50% of the 1.5% fee, referral payouts included |
| Pool swaps | a quarter of what remains after the LP share, and never less than an incompressible 0.03% of the fee |
| Locked liquidity collections | 25% |
| Highlights | the slot fee |
On a standard coin that is 7.5% of a swap fee against 70% for liquidity providers and 22.5% for the creator and their community. The floor exists so the protocol cannot be configured out entirely; the ceiling on the rest is the creator's own choice.
What happens to it
The protocol's income splits into two uses.
A part goes back to the people who generated it. Once points are live, activity on the platform is recorded season by season, and a portion of the protocol's own fees is redistributed monthly, against the season's leaderboards — creators, traders and referrers, in proportion to what they actually did. It is paid after the fact and reported with the figures, never announced as a rate or a promise. See Points.
The rest funds the operation of the platform: the people working on it, the infrastructure it runs on, and its growth.
One rule applies to all of it whatever the use: fees received in a coin are never sold. They are burned or recycled into vaults. Fees received in ETH are what pays for operations. The policy is stated because it is checkable — the addresses holding those coins are public, and a sale would be a transaction anyone could read. See On-chain verification.
What it does not do
The protocol does not trade against users, does not hold a position in coins it did not receive as fees, and does not have a mechanism to mint or allocate supply of any coin.