For everyone
Fees
Every trade pays one fee, the same on buys and sells, at the tier the creator picked: 1%, 2%, 3%, 5%, 10%. Part goes to the creator side, 0.4% to Montra, and from the LP line a part to the pool's liquidity providers. A pool may also carry an anti-snipe fee, on buys just after its launch.
On this page
- Creator side
- $1.301.3%
- the creator, a split or the holders
- Liquidity(Experimental)
- ≈$0.300.3%
- the locked seed and outside LPs, charged on what is paid in
- Protocol
- $0.400.4%
- the same on every tier; can only be lowered
A pool that pays one address can have its total lowered by that address to 1.1% and no further. At that floor past the LP line the creator side keeps 0.4% and the protocol 0.4%. All in, a trade pays 1.9949%: the two fees compound, one charged on what the other leaves.
The five tiers
Scroll sideways for every column
| Tier | Floor | Protocol | LP, from the line (Experimental) | Creator, below the line | Creator, past it | Creator at the floor, past the line |
|---|---|---|---|---|---|---|
| 1% (default) | 1% | 0.4% | 0.1% | 0.6% | 0.5% | 0.5% |
| 2% | 1.1% | 0.4% | 0.3% | 1.6% | 1.3% | 0.4% |
| 3% | 1.3% | 0.4% | 0.5% | 2.6% | 2.1% | 0.4% |
| 5% | 1.8% | 0.4% | 1% | 4.6% | 3.6% | 0.4% |
| 10% | 1.8% | 0.4% | 1% | 9.6% | 8.6% | 0.4% |
Where a fee goes
- $1.70Hook feethe total less the LP fee, taken by the hook in the quote asset
- $0.40Protocolthe same on every tier, sent on to the protocol fee vault
- $1.30Creator sidethe rest, held for whoever the pool pays: a wallet, a split or the holders
- ≈$0.30LP fee(Experimental)charged by the pool itself on what the trader pays in, to the liquidity the trade used
- The locked seedquote side to the creator side; token side burned
- Outside LPsin proportion to their liquidity where the price trades
- Below the LP line
- There is no LP fee: the hook takes the whole 2% and the creator side gets $1.60.
- All in
- The two fees compound, one charged on what the other leaves, so this trade pays 1.9949%, a hair under 2%.
The fee is split during the trade itself. The hook takes the creator side's and Montra's parts in the asset the token is paired with, such as HYPE, never in the token; the pool charges the liquidity providers' part on what the trader pays in, which on a sell is the token.
The creator side's part waits in the hook until whoever the pool pays claims it, at any time; anyone can run the bookkeeping that moves fees along, but only the pool's current recipient can move that money. Montra's part goes on to the protocol fee vault: where it goes from there is under The protocol's share.
The creator's share
- Your walletPoolYou
The default. The creator claims whenever they like.
Can lower the fee to its floor, or lock it - Another addressPool0x…
A team wallet, a multisig, anyone. They hold the stream and its rights.
Can lower the fee to its floor, or lock it - A splitPoolSplitter
- A · 50%
- B · 30%
- C · 20%
Two to four recipients on fixed shares, through a small splitter contract.
Fee fixed from launch - The holdersPoolToken
- Each holder
The token itself takes the stream and pays it to everyone holding it.
Fee fixed from launch
- Hand it on
- The current recipient, at any time. Anything unclaimed and the fee lever go with it; only the new address can move it again.
- Turn it into a split
- Create a splitter for the pool, then hand the share to it: two to four recipients on fixed shares.
- Give it to the holders
- The token itself takes the share and pays everyone holding it (Holder rewards). The fee is then locked for good.
- Lower the fee first
- If you mean to: a splitter or the holders cannot pull the lever.
Handing on has no accept step, so make sure the new address is one its owner controls. In a split the shares never change; each recipient can hand on only its own slot.
The anti-snipe fee
A pool may carry an anti-snipe fee: from the launch second a buy pays more than the pool's fee, at most 99%, falling in a straight line, second by second, to the pool's own fee within at most 30 minutes. A sale never pays it, and neither does the creator's first buy, which is part of the launch.
What it takes above the pool's fee goes to the creator side, whoever the pool pays; Montra's part stays its usual share of the trade. It never rises, and the pool's recipient lowering the pool's fee only lowers it.
On a token whose fees go to its holders, that extra goes to them too, released over the next hour like any fee. So a large early buyer who keeps holding earns part of it back: one with a third of the tokens outside the pool earns about a third, for as long as it holds that share. The rest goes to the other holders, and one who sells earns no more from then on.
The window counts from when a launch is posted to Elysium, not from when it runs, so its first seconds may pass before anyone can trade, and a short window loses the most.
Scroll sideways for every column
| A 99% start over 5 minutes on a 1% pool | A buy pays | Times the pool's price |
|---|---|---|
| In the launch second | 99% | 100× |
| 1 minute after | 79.4% | 4.9× |
| 2 minutes after | 59.8% | 2.5× |
| 3 minutes after | 40.2% | 1.7× |
| 4 minutes after | 20.6% | 1.26× |
| 5 minutes after | 1% | 1.01× |
Montra's site shows it as the price it makes, how many times the pool's price a buy pays, never as a countdown, and asks you to accept a buy above 10% before it goes through. How an app or a terminal reads, tracks and shows it is under The anti-snipe fee.
The one lever
When the creator's share is paid to one address, that address can lower the pool's fee down to its tier's floor, and can lock it, at any level, for good. A fee can be lowered but never raised, and the liquidity providers' part never changes. On every tier today, the creator side still earns at least what the protocol does at the floor. Paid to a split or to the holders, the fee is fixed from launch.