Fee anatomy / denominator mapNever mix the layers
01 / TradeNotionalThe base amount used to calculate the venue’s gross fee.
02 / VenueGross trade feeThe full recurring fee before any external deduction.
03 / ExternalProtocol cutA deduction from the gross venue fee, when configured.
04 / KEK.PROAllocationThe collected amount distributed among protocol destinations.
Gas, launch charges, lifecycle deductions, and position-sale fees use separate denominators.
Fee layers
A
20% fee-rights allocation does not mean a 20% trade fee. It means 20%
of the amount available to that allocation layer.
Read the quote
- Use the active venue’s gross fee.
- Keep external deductions separate.
- Label every allocation with its denominator.
- Keep network gas and one-time charges outside the recurring trade fee.
Rates and allocations can be configured. Use the live quote for execution and
the active position state for payout.