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Solana fee rights determine who receives one token market’s configured fee-rights allocation from KEK.PRO protocol fees. When no active position exists, the allocation goes to the configured creator recipient. An active owner receives it until the position’s SOL-denominated payout cap is consumed.
Fee-rights round / ownership cycleToken lock · capped payout · repeat
01 / CreatorFallback recipientReceives the allocation before an active position.
02 / BidLock launched tokenCumulative eligible token amount determines rank.
03 / SettleWinner locks foreverLosing bidders can reclaim after settlement.
04 / OwnCollect to the capEligible SOL or WSOL payout consumes the cap.
05 / CloseStart a new roundThe allocation returns to the fallback between positions.
Permanent lock is not a burn. A payout cap is a maximum, not a promised return.

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Fee source

The same fee-rights position follows a Solana market through migration: After migration, the WSOL payout consumes the cap. The launched-token payout follows the active owner while that collection also pays the owner WSOL. See protocol fees on Solana for the reviewed rates and allocations.

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How an auction round works

  1. After the creator grace period, the first eligible bid starts the auction.
  2. You bid by locking the launched token. Your cumulative token amount determines your rank.
  3. The round settles after its timer ends or the leading bid reaches the early-settlement threshold.
  4. The winner’s tokens move to the permanent lock. Losing bidders can reclaim their tokens.
  5. The winner receives the fee-rights allocation until the payout cap is consumed.
  6. The exhausted position can close. The allocation returns to the configured creator recipient, and a new auction can start.

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Reviewed auction defaults

Auction timing, tiers, and minimum bids are configurable.

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Bidding

Bids use the launched token. A bid must clear the active tier’s minimum SOL value. The highest eligible token amount wins.
  • Winning tokens are permanently locked.
  • Losing bidders can reclaim after settlement.
  • The winner receives a capped fee-rights position, not LP ownership.
  • Revenue depends on eligible fee flow and market activity.
At settlement, the protocol revalues the winning lock against the live bonding curve. The payout cap is the lower of the live bid value and the tier ceiling, multiplied by the configured payout multiplier.

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Position market

An owner can list the active position at a fixed SOL price. Listing pauses fee claims. A buyer receives the remaining payout cap, not a reset position. The public Fee Market includes supported Solana positions. The Solana token page remains the source for the active auction, listing price, payout progress, and transaction actions.
Permanently locked tokens are not burned, and a 5× payout cap is not a guaranteed return.
Last modified on August 2, 2026