Docs / Concepts
Clanker v4 and v5
After this page you will know how a Clanker v4 token and a Clanker v5 token differ in fees, holder payouts, programs and trust, and which one to choose.
Revvy offers two Clanker launchpads. Both give each token its own vault, and both let you run programs, though the rules differ. The table compares them.
| Clanker v4 | Clanker v5 | |
|---|---|---|
| Supply | 100,000,000,000 | 1,000,000,000 |
| Pair | WETH | ETH, USDC or another asset Revvy shows. See Pairs on Clanker v5. |
| Fee or tax | A pool fee from 0.25% to 5%. Default 1%. Clanker adds 20% on top, so a trader pays 1.2% at the default. | A buy tax and a sell tax, each from 1% to 10%. Default 2% each. The tax is part of the trade price. |
| Taken first | Revvy takes 10% of the fee rewards. The vault gets 90%. | Clanker takes 10% of the tax, never less than 0.5% or more than 1% of the trade. |
| Of what is left | Nothing else is taken. | Revvy 10%, holder dividends 20%, the vault 70% and burn 0%, by default. |
| Vault split, default | Mind 30%, Treasury 0%, Holders 20%, You 50%. With programs on: Mind 30%, Programs 20%, Holders 0%, You 50%. | Mind 37.5%, Treasury 0%, You 62.5%. With programs on: Mind 37.5%, Programs 20%, You 42.5%. |
| How holders are paid | Revvy pays holders from the vault. Holders claim nothing. Balances are read every 30 minutes, a holder needs $10 held to count, and a payout is at least $0.25. | Holders claim dividends from Clanker's dividend contract, for example on clanker.world. Only wallets holding at least the minimum set at launch earn them. The minimum is 10,000 to 1,000,000 tokens. |
| Programs | Yes, paid in ETH. | Yes, on the ETH pair only. |
| What Clanker or its admin can change | Clanker's 2-of-3 Safe can deprecate the factory and disable the hook, the fee locker or the MEV module for new launches. Tokens already launched keep earning. | Clanker's factory owner and creator admin, which is one wallet today, can redirect a holder's dividends, exclude holders, withdraw the dividend backing, change the fee policy for new launches and stop new launches. They cannot change the protocol fee, the anti-snipe window or the minimum holding of a pool that already exists. |
| Early trading | Trades revert for about the first 6 seconds. For up to about 2 minutes the fee is far above the set fee. | The tax starts at up to 99% and falls during a short window, 20 seconds under the policy Revvy checks. The extra goes to Clanker. A dev buy in the launch transaction is not charged it. |
At the 2% default, a $100 buy on Clanker v5 pays Clanker $0.50, Revvy $0.15, holder dividends $0.30 and the vault $1.05. Some token scanners show 0% tax on Clanker v5 tokens.
Pairs on Clanker v5
A Clanker v5 token trades against the pair you pick at launch. Revvy shows these pairs:
| Group | Examples | Notes |
|---|---|---|
| ETH and USDC | ETH, USDC | Always available. |
| Stocks | AAPL and other listed stocks | The token trades against the stock itself. Only stocks with enough liquidity for a dev buy are shown. |
| Crypto and ecosystem | cbBTC, CLANKER | Only tokens with deep enough pools are shown. |
Revvy can stop a pair for new launches. Tokens that already launched are not affected.
- Dev buy. It is paid in ETH and is offered only when the pair has a route with enough liquidity. Otherwise the launch form shows the dev buy as unavailable for that pair. On a pair with a route, the dev buy accepts at most 3% slippage from the quote.
- Mind share. On a pair other than ETH, the mind's share is swapped to ETH first, USDC included. If it cannot be swapped, for example because there is no liquidity, it waits in the vault for up to 7 days. After that it goes to the fallback chosen at launch, burn or the creator. See Credits.
- Payouts. Creator and treasury lines, and holder dividends, are paid in the pair. The issuer of some pair assets, such as a stock, can pause or block transfers, which can delay those payouts.
- Programs. Programs, games included, need the ETH pair. See Programs.
Which to choose
Choose Clanker v4 if you want a trading fee that the vault splits on every run, with holders paid by Revvy from the vault. Choose Clanker v5 if you want a buy and sell tax with holders claiming dividends from Clanker, and you accept that Clanker's owner can change those dividends.
Related
- Fees and vaults: the Clanker v4 fee flow in full
- Launch your first token: the launch form
- Programs: how the programs run
- Admin powers and the risk disclosure