DEVON Fee Anatomy

Where the money goes on a Raydium LaunchLab platform, in two phases: while a token sits on the bonding curve, and after it graduates into a Raydium pool. Numbers are per 100 units traded, using the settings proposed for DEVON, with StonkFun's settings for comparison.

Bonding curve Graduation Raydium pool every trade pays parts 1 + 2 until the raise target is hit one-time event LP is split (part 4) every trade pays the tier chosen in part 3, forever raise met pool opens
Two phases, one event between them. Parts 1 and 2 only exist on the curve; part 3 only exists in the pool; part 4 happens once, at graduation, and decides who collects the pool's liquidity fees forever.
Raydium (protocol) Platform (DEVON) Token creator Curve / pool liquidity

PART 1Platform fee on curve trades

While a token is on the bonding curve, every buy and sell pays three fees from the quote side, and the platform's own fee is one of them: DEVON proposes 1%, StonkFun charges 1%.

DEVON (proposed) STONKFUN (today) Buyer pays 100 Raydium 0.25 Platform 1.00 Creator 0.50 Into the curve 98.25 fees come off the quote side: on a sell, off the proceeds Buyer pays 100 Raydium 0.25 Platform 1.00 Creator 0 Into the curve 98.75
Same 100-unit buy on both platforms. Raydium's 0.25 is fixed by the program config. The platform fee is the platform's own setting, capped at 5%. The only difference between the rows is the creator tap, which StonkFun leaves at zero.
What this means for DEVON
  • Yes: 1% of every curve trade, buys and sells, lands in DEVON's fee vault (one vault per quote asset), claimable by the fee wallet.
  • The cap is 5%, so 1% is a choice, made for parity with StonkFun. It can be changed later by the platform admin.
  • Total drag on a DEVON curve trade would be 1.75% versus StonkFun's 1.25%, entirely because of the creator's 0.5% in part 2.

PART 2Creator fee on curve trades

The token's creator earns this on-chain from every curve trade, the program caps it at 0.5%, and DEVON proposes the full 0.5%. StonkFun sets it to zero.

Buy 40 Sell 25 Buy 60 curve trade curve trade curve trade 0.5% = 0.20 0.5% = 0.125 0.5% = 0.30 Creator vault keyed to creator × quote asset claim one instruction, any time Creator wallet 0.625 so far StonkFun creator fee = 0 off-chain forward, platform's promise Creator wallet ~0.5% if they send it Cap set by the program: 0.5% (5000 in millionths). Raydium's own platform: 0.05%. Bankr, say.fun: 0.5%. StonkFun: 0.
The vault is the difference. On DEVON the creator's cut is enforced by the program and claimable by the creator alone. On StonkFun nothing accrues on-chain during the curve phase; whatever creators receive is the platform choosing to forward it.
What this means for DEVON
  • Yes to both: this is what the token's dev earns while on the curve, and 0.5% is the ceiling the program allows.
  • It costs the platform nothing; it comes out of the trade, on top of the platform fee.
  • It is the first concrete thing DEVON can promise creators that StonkFun does not: a fee they can verify on-chain and claim themselves.

PART 3The graduated-pool tier

At graduation the platform picks which Raydium pool configuration the token migrates into. Each tier has two fees on every swap: a trade fee that goes to liquidity providers, and a creator fee that goes to a wallet the platform designates.

Trader swaps 100 Raydium pool tier: 0.25% + 1% 98.75 swapped liquidity is locked (part 4) trade fee 0.25 LP fee to whoever holds the LP Platform fee key 0.21 84% Raydium 0.04 creator fee 1.00 Platform's designated wallet set by the platform, not the token creator Token creator only if forwarded policy On StonkFun the designated wallet is StonkFun's; standard-mode creators get an off-chain forward, reward-mode creators get nothing.
Both fees on a graduated pool flow to wallets the platform controls. The trade fee reaches the platform through the locked LP's fee key (part 4), minus Raydium's 16% cut of that slice; the creator fee reaches the platform's designated wallet directly, and reaching the token's creator is a platform policy.
Tier (Raydium CPMM config)Trade fee → LPCreator fee → platform walletTotal dragUsed by
index 00.25%0.05%0.30%Raydium's own platform
index 8 / 90.25%0.55% / 0.75%0.80% / 1.00%
index 11, proposed0.25%1.00%1.25%StonkFun, say.fun
index 200.25%1.25%1.50%
index 160.01%1.50%1.51%
index 14 / 180.75% / 0.70%0.50% / 0.80%1.25% / 1.50%
index 1, 6, 2, 7, 31% to 4%0.05%1.05% to 4.05%high-LP-fee tiers

Raydium takes 16% of the trade-fee slice (12% protocol, 4% fund); the creator-fee slice goes whole to the designated wallet. Since both slices end up with the platform, the tier mostly sets the total drag on graduated trading and how much of it Raydium shares.

What this means for DEVON
  • Yes, this is why the creator earns 0% on StonkFun's curve and, on-chain, 0% after graduation too: the 1% post-graduation slice is addressed to StonkFun's wallet. Their ~0.5% to standard-mode creators is a forward, and in reward mode they keep it.
  • On DEVON the same 1% lands in DEVON's wallet. Forwarding a share to creators is our policy, enforced by our engine rather than by the program.
  • Index 11 is proposed because traders already know the 1.25% feel from StonkFun; index 16 would give the same revenue with almost nothing left for Raydium.

PART 4What happens to the LP at graduation

The pool issues LP tokens for the migrated liquidity, and the platform's split decides their fate. Locked or burned, the liquidity is permanent either way; the only difference is who collects the trading fees it earns.

Curve leftovers unsold tokens (~20.7%) + the raised quote Raydium pool liquidity deposited permanent in both branches LP tokens minted to the migration platform-set split Locked Raydium permanent lock fee-key NFT → platform wallet fee key claims the pool's trading fees, forever; liquidity never moves Burned LP tokens destroyed no fee key exists fees nobody can claim stay in the pool and slowly deepen it Splits in the wild: StonkFun locks 100% · letsbonk burns 100% · Raydium's own: 10% locked, 90% burned · DEVON proposal: lock 100% Since 2026-08-17 the "creator" share of the split merges into the platform's locked position; creators get LP fees only if the platform forwards them.
Locking and burning both make the liquidity unwithdrawable. Locking keeps a fee stream for the platform; burning gives that stream to nobody, which is why "LP burned" is optics rather than extra safety.
What this means for DEVON
  • Two options only: lock or burn, in any proportion. Both are permanent; "we can do nothing to it" is true of both.
  • Locked LP comes with a fee-key NFT in DEVON's wallet that can claim the trading fees (the 0.21 per 100 in part 3) forever, and can never withdraw the liquidity itself.
  • Lock 100% is proposed because burning only forfeits revenue; the anti-rug guarantee is identical.

SUMMARYWhere 100 units go

PhaseReceiverDEVON (proposed)StonkFun (today)
Curve tradeRaydium protocol0.250.25
Platform fee vault1.001.00
Creator vault, on-chain0.500
Into the curve98.2598.75
Graduated-pool tradePlatform fee key (LP fees)0.210.21
Raydium (share of LP fee)0.040.04
Platform's designated wallet (creator slice)1.001.00
Swapped98.7598.75

Any transfer tax on the token itself sits on top of all of this and belongs to the holders' side: on DEVON it is routed by the engine, on StonkFun by their payout bot. All rates verified in Raydium's LaunchLab docs, program IDL and live platform configs, 2026-09-23/24.