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Robinhood Chain fee rights determine who receives one market’s configured fee-rights allocation from collected V3 position fees. When no active position exists, the allocation goes to the configured creator recipient. An active owner receives both pool assets until the position’s paired-asset-denominated payout cap is consumed. See protocol fees on Robinhood Chain for the V3 fee layers and reviewed allocation.

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How an auction round works

  1. After the creator grace period, anyone can start an auction for a market without an active position.
  2. You bid by locking the launched token. Each bid must meet the active tier’s minimum value.
  3. The highest eligible token amount leads. A TWAP determines eligibility and payout value.
  4. The round settles after its timer ends or the leading bid reaches the early-settlement threshold.
  5. The winner’s tokens remain permanently locked. Losing bidders can reclaim their tokens.
  6. The winner receives the fee-rights allocation until the payout cap is consumed.
  7. The exhausted position can close. The allocation returns to the configured creator recipient, and a new auction can start.

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Reviewed defaults

Auction tiers and minimum bid values are configurable.

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Auction

Bids use the launched token. Ranking follows the number of token atoms locked; the TWAP quote determines eligibility and payout value.
  • The highest eligible bid wins.
  • Winning tokens remain permanently locked.
  • Losing bidders can reclaim after settlement.
  • An under-minimum winner at expiry cancels the round.
The payout cap is:
The cap is a ceiling, not guaranteed revenue.

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Fee flow and resale

Each collection can contain both pool assets. The protocol values the launched-token amount through the position’s snapshotted TWAP and adds the paired-token amount. This combined value consumes the remaining payout cap. The active owner receives only the portion that fits under the cap. Any excess routes to the configured creator recipient. An owner can list the position at an exact native price. While listed, the position cannot receive fees. A buyer gets the remaining cap and pays the reviewed 0.50% marketplace fee to the buyback-and-burn reserve. The public Fee Market is Robinhood Chain only.
Last modified on July 29, 2026