Minimum fee
A small fee to reel on a new token's pool that pays reel nothing else.
Where it runs
Fee
Sets or adds to what the swap pays.
Status on reel
In the program
In the program as bit 22, set by PoolInit itself. Not a hookr block: hookr calls it the Hookr minimum.
Set by
The program, at PoolInit
Frozen in PoolParams at PoolInit; nobody can change it after.
What it does
Not a block a creator picks. A new token's pool with no block that pays the protocol (no recapture, LP Rewards, Auto Burn, Snipe tax, dynamic fee, Storm Fee, Swap Cut, Exit Clock or Sandwich Guard) pays a minimum fee to the protocol on every swap. Tokens launched elsewhere never pay it.
How it works on reel
PoolInit sets it, not the creator: min_fee_pips = Config.min_fee_pips (0 to 10,000; 1,000 in the spec), 100% to the protocol, with an integrator's share applying. It is decided once, at open.
Settings · 1
| Setting | Min | Default | Max | What it does |
|---|---|---|---|---|
Minimum fee min_fee_pips | 0% | 0.1% | 1% | Copied by PoolInit from Config.min_fee_pips; the creator doesn't choose it.Set by the program. |
Fees and who's paid
Paid to
reel, 100% (a listed integrator gets its rate of it).
Protocol share
A fixed split set by the program, not the pool's protocol share.
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 new token's pool with only the base fee: a 1 SOL swap pays 0.003 SOL to LPs and 0.001 SOL to reel.
Solana notes
It works as on hookr; amounts are in SOL or the pool's quote, and times in seconds.
On hookr: Not a block on hookr (the Hookr minimum)
Other blocks in Fees
Dynamic fees
FEEThe fee rises with how far a swap pushes the price. Pushing it back is free.
Storm Fee
FEEThe fee rises when price turns choppy and eases as it calms, within fixed bounds.
Swap Cut
FEEA fixed cut of every buy and sell for the pool's liquidity owner.
Market-hours fee
ADVISORYA fee that follows the US stock market's sessions.
Managed fee
ADVISORYA surcharge reel's keeper moves as price moves, inside a cap you fix at launch.
Usage fee
ADVISORYEvery swap pays a market block's builder, its backers, reel and a reserve.
Hook Blocks Market
OUTSIDEBuilders publish bonded add-on blocks; pools that install one pay its usage fee.