Fees & Economics
Spawn's economics are built around a simple idea: value created by community participation should strengthen the market and reward holders, not route primarily to extractive intermediaries.
Fee Reference
| Action | Phase | Fee |
|---|---|---|
| Spawning a token | Any | None |
| Trade (buy / sell) | Bonding curve | 1% platform fee |
| Deposit USDC | Any | Origin-chain gas only (paid to that chain's network, not to Spawn) |
| Withdraw USDC | Any | Base gas only (paid to Base, not to Spawn) |
| Trade (buy / sell) | Post-graduation (on-chain) | 1% - paid out to holders as USDC dividends |
Spawn applies a 1% fee on trades during the bonding curve phase and a 1% fee on post-graduation trades. Both are gasless. Post-graduation fees are paid back to holders as USDC dividends.
How Value Flows Through the Lifecycle
Bonding curve. Trading is gasless. A 1% platform fee applies to each trade. The remaining USDC is held in the vault, earmarked for the on-chain liquidity pool deployed at graduation.
Graduation. At the $100K FDV threshold, the USDC collected on the curve and the 40% token reserve deploy into an on-chain liquidity pool. The market opens with real depth from day one.
Post-graduation. Trades on the on-chain market carry a 1% fee that accrues in USDC and is paid out to token holders as dividends in proportion to their holdings.
USDC dividends are claimable at any time after graduation. No deadline, no expiry.
The Design Goals
| Goal | How the Model Addresses It |
|---|---|
| Align spawner incentives with community | Optional first buy capped at 3% - same terms as everyone else |
| Reward holders for sustained conviction | Post-graduation 1% fee accrues in USDC, paid out as dividends |
| Reduce extraction-first behaviour | MEV and bundling absent - fees reflect genuine trading |
| Make on-chain permanence meaningful | $100K FDV graduation threshold ties deployment to demonstrated demand |
Related
- The Bonding Curve - see the supply structure that shapes how value is carried into graduation
- Graduation to Chain - see how the post-graduation fee and dividend model plays out on-chain
- Fairness as Architecture - understand why the economic model is paired with anti-extraction market design