LP Rewards
An extra fee on buys, kept by the LPs whose liquidity filled them.
Where it runs
After
Acts on the filled swap: burns, LP rewards, pots.
Status on reel
In the program
In the reel program: bit 3 of PoolParams.blocks, frozen at PoolInit (PROGRAM.md §5).
Set by
You, at launch
Frozen in PoolParams at PoolInit; nobody can change it after.
What it does
Buyers pay an extra LP fee in the quote on top of the base fee; the protocol's share comes off first and the rest goes to LPs by their shares. Sells pay none. It also carries the Creator royalty switch.
How it works on reel
Buys pay lp_bps of the input as an LP fee into fee growth, protocol share first; a royalty comes out of the LPs' part. LP Rewards and Auto Burn share 1,000 bps.
Settings · 1
| Setting | Min | Default | Max | What it does |
|---|---|---|---|---|
LP fee on buys lp_bps | 0.01% | 2% | 10% | Buys pay it on top of the base fee; reel's share comes off first and LPs keep the rest.LP Rewards + Auto Burn ≤ 1,000 bps. |
Fees and who's paid
Paid to
LPs in range, after reel's share and any royalty.
Protocol share
reel's protocol share s (20–50%, fixed at launch) comes off each charge first.
Requires and can't be combined with
Requires
No other block.
Can't be combined with
Nothing: it sits beside any block.
Worked example
A 1 SOL buy with a 0.3% base fee, 2% LP Rewards and a 20% share: reel gets 0.004 SOL; LPs earn 0.016 SOL of LP Rewards plus 0.003 SOL of base fee.
Solana notes
It works as on hookr; amounts are in SOL or the pool's quote, and times in seconds.
On hookr: Core block · Live
Other blocks in Liquidity and yield
Pay Later
OUTSIDEBuyers pay a premium now to reserve tokens at a fixed price for a term.
Entry Ratio Guarantee
OWN HOOKLPs can exit with the token amounts they put in, covered by forfeited fees.
Floor bid
OUTSIDEA treasury's standing bid below the price that buys the token as it falls.
Fee Bridge
OUTSIDEPays a royalty or a tax, a capped drip at a time, to another pool's LPs.