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Every trade pays a 2% fee. 1.3% goes to all holders.

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Flow

  1. Trade happens (any DEX)
  2. Meteora collects 2%, holds 1.6% as partner share
  3. Crank claims partner fees every ~60s
  4. Crank updates all holders’ effective shares
  5. 81.25% of claimed fees deposited to reward vault
  6. 18.75% sent to protocol treasury
  7. Holders claim SOL from Portfolio

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Reward math

unclaimed = pendingRewards + ((effectiveShares x accRewardPerShare / 1e12) - rewardDebt)
effectiveShares = balance x holdTimeMultiplier
The vault’s reward-per-share increases with each deposit, proportionally increasing every holder’s claimable amount.
All holders must be updated before fees are deposited. This prevents stale share data from skewing distribution.

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Works everywhere

Fees come from all trades — splt.fun, Jupiter, Axiom, Photon, or any DEX routing through the Meteora pool. External traders are auto-registered by the crank.