Field guide / Get started · 6 min read

Token and fee model

On the curve, a fee of about 4.19%, of which about 3.02% reaches the protocol; after graduation, a 1% pool fee, of which about 0.52% does. And what that money funds.

Live, and clear about what is not.
A trade on the degen.zone curve pays about 4.19% all in. About 0.34% of that goes to degen.zone, about 0.84% to Meteora, and the rest, about 3.02% of volume, reaches the protocol. After graduation, at about 80 SOL raised, trading moves to a Meteora DAMM v2 pool that charges 1% regardless of the curve tier. Meteora keeps 20% of that, and the rest is split by liquidity share between the protocol's locked position and degen.zone's, so about 0.52% of volume reaches the protocol. The protocol's take per trade falls at graduation. It funds holder payouts in tokenized stocks, protocol-owned liquidity, a staking reserve and operations, in a fixed ratio the treasury program enforces. Staking itself is planned, phase 2: the allocation is set aside, but no staking program is deployed and nothing accepts a deposit. Values that have not been read from the chain render as a dash with the reason beside them.

$FLUX

FactValue
StandardClassic SPL token (not Token-2022); mint and freeze authorities revoked at launch
Supply1,000,000,000, fixed
Decimals6
Launch venuedegen.zone, Meteora Dynamic Bonding Curve, graduating to Meteora DAMM v2
Fee on the curveAbout 4.19% of curve volume, paid by the trader; about 3.02% reaches the protocol (launch pending)
Fee after graduation1% of pool volume, paid by the trader; about 0.52% reaches the protocol
GraduationAt about 80 SOL raised on the curve, independent of price
Name and tickerFlux Vault / $FLUX

What the protocol receives, and what it funds

Revenue arrives in the treasury vault as SOL. Every keeper cycle calls distribute, which cuts the pending balance between four destinations at a ratio compiled into the program: the holder payout reserve, the liquidity reserve, the staking wallet and the operations wallet. It funds holder payouts in tokenized stocks, protocol-owned liquidity, a staking reserve and operations, in a fixed ratio the treasury program enforces. There is no instruction that changes the ratio, and a constant assertion refuses to compile if its parts do not sum to the whole. This site does not quote the ratio itself; the program is the reference.

Read every destination as a share of what the protocol receives, not of what a trader pays. A trader's all-in fee is larger, because the venue keeps its own cut before anything reaches the treasury. How much reaches the treasury also depends on the phase of the launch: the next two sections set the numbers side by side, first on the curve and then after graduation.

Rounding dust from the split goes to holders. The vault keeps a rent floor that is never spendable and never enters the split.

Of curve volume, on the launch venue

trader pays 4.1875%  =  degen.zone 0.335%  +  Meteora 0.8375%  +  protocol 3.015%

On the curve: what a trader pays, what the protocol nets

These are two different numbers and the difference matters. The fee is charged by the venue, on the curve, and the venue keeps its own cut before the remainder reaches the treasury. A trade on the degen.zone curve pays about 4.19% all in. About 0.34% of that goes to degen.zone, about 0.84% to Meteora, and the rest, about 3.02% of volume, reaches the protocol.

Everything the protocol funds is paid from that last figure. Holder payouts, protocol-owned liquidity, the staking reserve and operations are shares of what the protocol receives, not of what the trader handed over.

The degen.zone creator tier works out as follows, to the full precision of the venue's fee arithmetic. The tier exists on the venue today; the launch has not happened, and the live figures will be read from the pool configuration on chain.

  • This is a fee on the launch venue, and it lasts as long as the curve does. It is not a transfer tax and it does not apply to every $FLUX trade everywhere.
  • The curve graduates at about 80 SOL raised, whatever the token's price is at that point. The next section is what happens then.
PartyShare of curve volume
Trader pays, all in4.1875%
Meteora (curve operator)0.8375%
degen.zone platform and referral0.335%
Flux Vault protocol3.015%

After graduation: a smaller fee, shared by liquidity

After graduation, at about 80 SOL raised, trading moves to a Meteora DAMM v2 pool that charges 1% regardless of the curve tier. Meteora keeps 20% of that, and the rest is split by liquidity share between the protocol's locked position and degen.zone's, so about 0.52% of volume reaches the protocol. The protocol's take per trade falls at graduation.

The drop is real and it is not the protocol's choice. The migrated pool's fee is fixed by the venue at 1% whatever creator tier the curve ran on, so the 4.19% tier stops applying the moment the curve closes. Migration mints two locked positions in that pool: one for the pool creator, a treasury program address, holding 65% of the liquidity, and one for degen.zone holding the other 35%. Liquidity in a locked position stays in the pool and only the fees it earns are claimable. Those fees, after Meteora's 20%, accrue to each position in proportion to its liquidity, so the protocol earns on its 65% and not on the whole pool.

What the protocol receives is still split on chain by the same fixed ratio, so every destination shrinks together. The figures below are the venue's confirmed configuration; once the pool exists the keeper re-reads its fee configuration every cycle and pages a human if it drifts.

  • Per trade, the protocol's take falls from about 3.02% of curve volume to about 0.52% of pool volume. Payouts after graduation depend on pool volume being correspondingly larger, and nothing on this site assumes that it will be.
  • Protocol-owned $FLUX / stock pools on Raydium charge their own 1% tier, of which Raydium keeps 16%. That is a separate revenue stream, and the split applies to it too.
PartyShare of pool volume
Trader pays, all in1%
Meteora (pool operator)0.20%
Flux Vault protocol, locked position (65% of liquidity)0.52%
degen.zone, locked position (35% of liquidity)0.28%

Of pool volume, after graduation

trader pays 1%  =  Meteora 0.20%  +  protocol 0.52%  +  degen.zone 0.28%

What operations and staking cover

The operations share pays the team, the keeper's transaction fees and rent, and funds later work such as stock airdrops. The staking share is separate: it is transferred to its own wallet on every distribution and is reserved for staking rewards. Neither is a holder payout and neither is ever reported as one.

No fixed yield

Payouts are whatever the fee actually bought at the prices of that 30-minute window. Volume decides the size; the market decides the value. The site never quotes an annual rate, an inferred dollar figure or a projected payout, and a number it cannot read is shown as unavailable rather than as zero.

Primary sources

Provider and issuer documentation. Addresses are verified on chain again before activation.