Fee and Distribution
| Fee | Percent | Description |
|---|---|---|
Wrap Fee | 1.5 | The % of wrapped tokens collected as fees for wrapping assets. |
Unwrap Fee | 1 | The % of wrapped tokens collected as fees for unwrapping assets. |
Burn Fee | 50 | The % of total fees allocated to the burning of wrapped assets. |
The burn fee is subtracted from the total of (un)wrap fees collected. The remaining is distributed to wrapped token LPs via staking yield. In the future new meme token fees will be converted to SOL and used to buy back Crocdog to distribute yield to all wrapped token LPs.
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