Economics
Fees
Every fee sink is fixed in protocol params. Trade fees never sit in the liquidity reserve. LP principal stays locked — only swap fees can be claimed.
Creation
Paid once in native USDC when you create a launch.
| Primitive | Fee |
|---|---|
| Discovery | 1 USDC |
| LIVO | 10 USDC |
| Fuse | 1 USDC |
Liquidity bootstrap trades
Discovery and LIVO phase 1 charge fees on the bootstrap market. Fees accumulate in a separate fee vault — they are not part of the quote reserve that seeds Uniswap.
| Action | Fee |
|---|---|
| Buy | 1% |
| Sell | 5% |
After a successful pool open
The fee vault is distributed:
If the launch cancels
Missed minimum raise by max duration → cancel + refunds. Fee vault then goes 90% participants / 10% treasury.
Uniswap LP fees
Seeded pools use a 1% Uniswap V3 fee tier. Liquidity is locked forever; only accrued swap fees can be claimed by the creator or platform wallet.
| Primitive | Creator | Platform |
|---|---|---|
| Discovery / LIVO | 70% | 30% |
| Fuse | 80% | 20% |
LIVO raise proceeds
Not a trade fee — this is how every USDC raised in LIVO (bootstrap + primary) is allocated when it settles into sinks:
Dry powder only — no tokens, no mint into the vault. When Uniswap spot falls below 85% of issuance price and the vault holds at least 500 USDC, permissionless defend() (keeper auto-calls) spends 500 USDC: half buys TOKEN on Uniswap; the rest plus purchased TOKEN are LP’d at the post-swap spot(ratio autobalanced; unused USDC returns to the vault). No burn. Creator cannot withdraw.
LIVO also reserves 5% of max supply for the creator, vested (cliff then linear) — not liquid at pool open.