Fees
Every trade on a Makina token pays a 1% fee, on the bonding curve and after graduation. There is no other trading fee. The launch fee is set to zero on testnet (see Launch flow).
Who gets the fee
| Recipient | On the curve | On the graduated pool |
|---|---|---|
| Builder of the project | 25% of the fee (0.25% of the trade) | 25% (0.25%) |
| Launcher, the wallet that created the token | 10% (0.10%) | 10% (0.10%) |
| Locked liquidity of the pool | — | 20% (0.20%) |
| Makina platform | 65% (0.65%) | 45% (0.45%) |
After graduation, a fifth of the fee is added to the token's own locked pool, so liquidity grows with trading volume. The launch-window tax at the start of a launch is split like a curve fee (builder 25%, launcher 10%, platform 65%).
How the fee is charged
- Curve buy: 1% of what you pay.
- Curve sell: 1% of the ETH (or WETH) the sale returns.
- Pool buy: 1% of the ETH (or WETH) you put in. 0.2% is added to the locked liquidity and 0.8% goes to the fee escrow.
- Pool sell: 0.2% of the tokens you sell is added to the locked liquidity, and 0.8% of the ETH (or WETH) you receive goes to the fee escrow.
Recipients are always paid in the launch's pair asset, ETH or WETH, never in the token.
Where fees are held
Each launch has its own fee escrow contract. Fees are credited to each recipient inside the escrow and stay there until the recipient claims them. Claims are pull-based: nothing is sent automatically, and nobody can take a recipient's credited fees.
- Launcher: claim any time from the Earnings page in the app, or by calling
claim()on the launch's fee escrow. - Platform: claims the same way, to Makina's fixed platform address.
- Builder: the builder share builds up as pending until a builder wallet is set for that launch. See Builder verification.
Fees already credited to an address always stay claimable by that address, even if the builder changes later.
Fees on Mosh launches
Mosh launches use the Mosh protocol's own fee model. The team side of a Mosh launch goes to Makina's pad and is split between platform, builder and launcher in the ratio 45 : 25 : 10. See Mosh raises.