Skip to content

Commit a46154b

Browse files
committed
updated language to reflect new fees
1 parent 0c9f632 commit a46154b

File tree

1 file changed

+10
-10
lines changed

1 file changed

+10
-10
lines changed

docs/pages/coins/contracts/rewards.mdx

Lines changed: 10 additions & 10 deletions
Original file line numberDiff line numberDiff line change
@@ -32,19 +32,19 @@ V4 coins generate rewards through a sophisticated automated system that operates
3232

3333
When users trade coins, the Uniswap V4 hook automatically:
3434

35-
1. **Collects LP fees** (3% standard Uniswap V4 fees) from all liquidity positions
35+
1. **Collects LP fees** (1% total fees for v2.2.0+) from all liquidity positions
3636
2. **Splits fees** into two parts:
37-
- **33.33% for LP Rewards** - Used to create new liquidity positions
38-
- **66.67% for Market Rewards** - Distributed to stakeholders
37+
- **20% for LP Rewards** - Used to create new liquidity positions
38+
- **80% for Market Rewards** - Distributed to stakeholders
3939

4040
### LP Reward Mechanism: Liquidity Preservation
4141

42-
The 33.33% allocated to LP rewards doesn't go to liquidity providers directly. Instead, it's used to **mint new single-sided liquidity positions** that are strategically placed outside the current trading range:
42+
The 20% allocated to LP rewards doesn't go to liquidity providers directly. Instead, it's used to **mint new single-sided liquidity positions** that are strategically placed outside the current trading range:
4343

4444
- **Token0 fees** → New position created **above** current price (inactive until price moves up)
4545
- **Token1 fees** → New position created **below** current price (inactive until price moves down)
4646

47-
These positions are essentially **locked and burned** - they don't earn future fees but serve a crucial purpose: **maintaining pool liquidity**. Instead of extracting 33.33% of fees from the pool, this mechanism keeps them as permanent liquidity, ensuring the pool becomes deeper and more liquid over time.
47+
These positions are essentially **locked and burned** - they don't earn future fees but serve a crucial purpose: **maintaining pool liquidity**. Instead of extracting 20% of fees from the pool, this mechanism keeps them as permanent liquidity, ensuring the pool becomes deeper and more liquid over time.
4848

4949
### Market Reward Distribution
5050

@@ -128,7 +128,7 @@ Content Coin Trading → Fees Collected → Multi-hop Swap → All Recipients Re
128128
- **Automated Distribution**: Rewards are distributed on every single swap, no manual claiming required
129129
- **Multi-Hop Conversion**: Automatically converts rewards through intermediate tokens to reach ZORA
130130
- **Unified Currency**: All recipients receive rewards in the same target currency (ZORA)
131-
- **Liquidity Preservation**: 33.33% of fees remain in pools as permanent liquidity
131+
- **Liquidity Preservation**: 20% of fees remain in pools as permanent liquidity
132132

133133

134134
## Coin Rewards Terminology
@@ -155,13 +155,13 @@ The creator's total rewards are automatically distributed with each trade:
155155

156156
## How It Works: Developer
157157

158-
### Create Referral Reward
158+
### Platform Referral Reward
159159

160-
The Create Referral Reward is paid out to the developer or platform that referred the creator to deploy their coin using Zora's contracts.
160+
The Platform Referral Reward is paid out to the developer or platform that referred the creator to deploy their coin using Zora's contracts.
161161

162162
#### Creating a Coin with Rewards
163163

164-
The `createReferral` address is specified upon coin creation through the factory's deploy function.
164+
The `platformReferrer` address is specified upon coin creation through the factory's deploy function.
165165

166166
```solidity
167167
function deploy(
@@ -171,7 +171,7 @@ function deploy(
171171
string memory name,
172172
string memory symbol,
173173
bytes memory poolConfig,
174-
address platformReferrer, // This is the create referral
174+
address platformReferrer, // This is the platform referral
175175
address postDeployHook,
176176
bytes calldata postDeployHookData,
177177
bytes32 coinSalt

0 commit comments

Comments
 (0)