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Fees and the treasury

Stock Token rewards are funded by one thing: fees on KILN trades that Kiln actually receives.

The fee model

The planned launch venue is Pons v2 on Robinhood Chain. Its trade fee is 3% in total:

1.0%  base fee — Pons keeps 30% of it (0.3% of volume)
2.3%  creator tax — goes to Kiln
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2.7%  of trade volume reaches Kiln

Of what Kiln actually receives:

• 90% is the holder budget. It buys Stock Tokens.
• 10% is the operations reserve. It pays for conversion, gas and delivery.

These are the current model. The deployed configuration and the confirmed fee ledger override this page once the real token is live.

Estimates vs. receipts

The homepage shows "Fees today" and "Fees this epoch". Those are run-rate estimates: recent DexScreener volume × 2.7%, then × 90% for the holder view. They tell you the pace of the market. They are not proof that the treasury received that money.

Only confirmed fee receipts, completed conversions and net Stock Token units actually received can fund an allocation. Every public number carries its source and observation time, and the treasury API states its fee basis (dexscreener-h6 or none).

What the kiln buys

Each epoch the holder budget buys the four enabled Stock Tokens in proportion to the weight holders assigned to each lane. If a lane has no weight, its share stays unallocated and rolls forward.

Conversion will run through a bounded adapter — quote freshness, deadline, minimum received, slippage limits, and a pause if a market is halted. It is on the What's next list. Costs come out before allocation; entitlements are computed on net units actually received.

Fee counters on the site

Next: Stock Tokens and lanes →