Skip to content
Launch

Docs / Concepts

Fees and vaults

After this page you will know where the fee on each trade goes, in what order, how the vault splits its share, and what Revvy earns.

Trader pays$12.00
Clanker adds$2.00
Pool fee$10.00
Vault splits$9.00

Revvy $1.00Mind $2.70Holders $1.80Creator $4.50

Example: a 1% fee on a $1,000 trade, with the default split. Clanker adds 20% of the fee on top. Of the pool fee, Revvy takes 10% and the vault 90%. The vault gives the mind 30%, holders 20% and the creator 50%.

Where the fee goes

This section describes Clanker v4 tokens. Clanker v5 tokens are described in Clanker v4 and v5.

On Clanker v4 you choose a pool fee from 0.25% to 5% when you launch. The default is 1%. Every trade pays it in WETH, the pair of every Clanker v4 token.

  • Clanker's hook adds 20% of that fee on top. The person trading pays 1.2% when the fee is 1%, and the extra goes to Clanker.
  • Revvy gets 10% of the fee rewards. This is the launchpad share and the only thing Revvy earns.
  • The token's vault gets the other 90%.

What the vault does with its share

The vault splits its share into up to four lines: Mind, Treasury, Holders and You. You choose the split at launch, and it cannot change afterwards.

  • Mind pays for the token's mind. When the mind has more credits than it needs, its extra share goes to the place you picked at launch: burn or you.
  • Treasury is paid to a treasury address you choose, in ETH. It is 0% unless you set it. When programs are on, this line is shown as Programs instead, and its money goes to the token's program pool.
  • Holders is kept as WETH in the vault and sent to eligible holders over time, at a capped rate. See Paying holders.
  • You is the rest, paid to you in ETH.

The vault unwraps the WETH it pays out, so Mind, Treasury and You arrive as ETH.

The two default splits

The default split depends on whether programs are on. Both add up to 100% of the vault's share.

LinePrograms offPrograms on
Mind30%30%
Treasury, or Programs when programs are on0%20%
Holders20%0%
You50%50%

Paying holders

On Clanker v4, holders do nothing: there is nothing to claim and nothing to stake. Revvy reads holder balances from the chain every 30 minutes, spreads each new amount over 48 readings (about a day) and shares it among eligible holders in proportion to their balance.

  • A holder needs at least $10 of the token at the reading to be counted.
  • A payout is at least $0.25. Below that, the amount keeps adding up until it passes the minimum.
  • Not paid: the creator and earlier creators, the wallet of the dev buy, the treasury address, the vault, the token, the pool manager and other protocol contracts, contract wallets other than a Safe or a Coinbase Smart Wallet, and sanctioned wallets.
  • The vault caps how fast it sends. The cap is about an eighth of the held amount per six hours. A large amount can take days to reach everyone. In our model of one large accrual, about 90% took about five days to pay.
  • Revvy chooses who is paid within those limits, and each payout is tied to a published list, so you can check your share. See Admin powers.
  • If Revvy turns off the Holders line, new Holders money goes to a burn instead of to holders. Ninety days later, what is still held is moved to the burn.

A token with low volume may never pay a small holder. With the default split and a 1% fee, a holder with 1% of the supply is owed $0.25 after about $13,900 of trading, and a holder with 0.1% after about $139,000. These figures assume every holder is eligible.

What Revvy charges

Revvy takes no cut of the vault's share. It earns the 10% launchpad share and nothing else. The launch costs only the network gas, paid from your wallet in one transaction, plus any dev buy and starting credits you choose to add.

The first minutes

Clanker protects a new token from bots. For about the first 6 seconds after a launch, trades revert. For up to about 2 minutes, the trading fee is much higher than the set fee, and it falls as time passes. A dev buy runs inside the launch transaction, so the creator does not pay these fees.

One vault per token

Each token has its own vault contract. Fees go to that vault, never to a shared Revvy wallet, and fees from different tokens are never mixed. See How a run works.

Revvy's admin keeps a few powers over vaults, listed in Admin powers.

Find your token's vault

Open the token's page and look in the side column for Verified on chain. Open Technical details. The Vault row shows the vault's address with a copy button. On a Clanker v5 token, the Creator and fee recipient row also names the vault.

Clanker v5 tokens

Clanker v5 tokens use a buy and sell tax instead of a pool fee, and holders claim their dividends from Clanker. Their fee flow, split and holder payouts are described in Clanker v4 and v5. Their tax and payouts are in the token's pair, which can be ETH, USDC or another asset Revvy shows. The mind is paid in ETH, after a swap when the pair is not ETH. See Pairs on Clanker v5.

Related