Fees¶

Trader swaps RUN↔$LOOP (4% fee)
  ├── 2% → Open Bid
  ├── 1% → Stakers (credit positions)
  └── 1% → Creator Royalties

Trader swaps $LOOP↔ETH (2% fee)
  ├── 1% → $LOOP Stakers
  └── 1% → Team

All RUN activity cascades into $LOOP↔ETH volume ──→ fees at both layers

RUN Layer¶

Every RUN↔$LOOP swap incurs a 4% fee, split three ways:

• 2% → Open Bid. Funds the perpetual standing bid that acquires NFTs. This is the ongoing capital source that keeps each collection's trading cycle running after the initial presale.
• 1% → Stakers. Distributes to presalers holding credit positions.
• 1% → Creator royalties. Flows to the original NFT collection creators, tied to trading volume rather than individual NFT sales.

Each collection runs its own independent fee pool — allocations for one collection do not affect another.

$LOOP Layer¶

Every $LOOP↔ETH swap incurs a 2% fee, split evenly:

• 1% → $LOOP stakers. Distributes to $LOOP stakers.
• 1% → Team. Funds ongoing operations including protocol development and ecosystem growth.

Fee Cascade¶

Because every RUN token pairs with $LOOP, all collection-level trading cascades into $LOOP↔ETH volume. A trader entering or exiting any RUN token position converts through two pools — RUN↔$LOOP, then $LOOP↔ETH — generating fees at both layers on a single transaction.

Auction proceeds amplify the cascade. When a Dutch auction completes, the Split routes proceeds through the Afterburner's two modes — Buy + Burn (RUN) and Buy + Bank ($LOOP) — generating swap fees at each step that flow back into the Open Bid.

The more collections the protocol supports and the more actively each trades, the greater the fee revenue at both layers.