The split
The creator picks the fee when the coin is created: 1% unless they say otherwise, anywhere from 0.01% to 10%.
| share of the fee | of each trade, at 1% | |
|---|---|---|
| The creator | 80% | 0.80% |
| Eden, to buy $EDEN and burn it | 20% | 0.20% |
The split is written onto the coin when it is created. If Eden ever changes the default for new coins, an existing coin keeps the split it was made with.
The clauses can add to a trade: a cooling toll, a vigil penalty, a storm toll. Those are booked to the coin and split the same way. The Crown's cut goes to whoever wears the crown. All of it together is capped at 50% of a trade.
Taken in the pair asset, never in the coin
The pool charges no Uniswap fee of its own. Eden's hook takes the coin's fee on the pair-asset side of each trade: on what a buyer pays, or on what a seller gets back. Three things follow:
- the creator's share arrives in USDC, cirBTC, ARGUS or whatever the pair is, never in their own coin, so nothing is ever sold on the coin's chart to pay anyone;
- a coin paired with USDC earns dollars, with nothing to convert;
- nobody else can earn the pool's fees by adding liquidity, because only the vault may.
A creator's own first buy pays the fee too, and 80% of it comes straight back to them.
Three places the creator's share can go
Chosen at step four of the wizard, and changeable afterwards from the vault, with one exception.
Paid to you. To the creating wallet, or to any address named: a multisig, a treasury, a splitter. Only the creator can change where it goes.
Buy back and burn. The share buys the coin in its own pool and burns what it buys, every time fees are collected. Supply shrinks with every trade. Each buyback is capped to a small price move so it cannot be sandwiched; whatever the cap holds back rolls into the next one.
Paid to holders. The share goes to the coin's holders in the pair asset, so a coin paired with USDC pays its holders dollars. Every few hours a distributor pays each wallet in proportion to what it held over the whole period, so buying just before a payout and selling just after earns nothing. The pot and every payout are on the coin's page. This choice is final. Once the share is promised to the holders it cannot be taken back.
Collecting
Fees build with every trade and sit in the coin's vault until collected. Me has one Collect button per coin. Collecting is open to anyone: whoever triggers it, the money can only go where the coin's terms say, the creator's share to the creator (or their named address) and Eden's share to Eden. If a payment cannot be delivered, say to a contract that refuses it, it waits in the vault as a balance to claim from the same page.
A wallet that wore a crown finds the crown's cut on Me too, ready to claim.
Eden's fifth
Eden's 20% of every coin's fees, and the whole fee of the $EDEN pool itself, go to one wallet, and that wallet does one thing: buy $EDEN on its own market and burn it. The running figures are on the Ledger. $EDEN is the chapter about the coin.