How it works
Fees
Where the fee goes
| Recipient | Share |
|---|---|
| Protocol | 25% of the fee |
| Buyback and burn | A share of the rest, chosen at launch |
| Holders | A share of the rest, chosen at launch |
| Creator | Whatever remains |
The protocol's share accrues in the contract for the treasury address, which is set at deployment and cannot change.
Holder rewards
A creator can give part of the fee to holders when launching, fixed from then on. Each fee is shared in proportion to balances, in the asset the token is paired with, and starts counting from the next second, so a balance borrowed for one transaction earns nothing.
Rewards are sent automatically once they pass a small minimum, and the holder pays no gas for that. They can also be collected at any time from the token page or the Portfolio. Collecting needs only the contract: the automatic payout depends on Elyshook's bot running, and what the bot pays is decided by the contract. Tokens in the pool, in a dev lock or burned do not earn, and rewards earned by another exchange's pool contract or a locker cannot be collected unless that contract can call this one.
Buybacks
Anyone can trigger a token's buyback. It spends up to 5 HYPE (or 900 KNTQ) at a time, at most every 30 seconds, and burns what it buys. A price guard stops it from running into a manipulated price.