# Fee Structure

**HOLI pool type:** Uniswap V4 full-range hook.

**HOLI pool fees:** buy HOLI **0**; sell HOLI **1% exit fee**, as **LP fee**. That 1% counts as protocol assets. Fees **automatically accrue in the LP** **or** are **auto-collected to the Treasury by the contract**. That 1% belongs to **protocol-owned liquidity**. **Developers take no cut of LP fees.** Fill and slippage affect trade price, not official NAV. Official NAV is **1× the external leg**. **Fixed by the hook.** Community governance decides **which pools to open**; it does **not** change this asymmetric fee.

Do not mix this with the SHYT **tax**. SHYT tax **20%** still funds development. **LP fees** do not.

Protocol-owned pools are Uniswap V4 **full-range**. Each NAV LP is independently priced vs HOLI. Positions are **external-asset / HOLI only** — no StockA/StockB.

## Asymmetric fee

| Direction | Fee |
| --- | --- |
| **Buy HOLI** (spend the external asset, take HOLI) | **0** |
| **Sell HOLI** (spend HOLI, take the external asset) | **1%** |

Buying HOLI into the hub is cheap. Leaving through the hub pays 1%. That is **fixed by the hook**, not a HOLI transfer tax, and not a <Md expr="w" /> parameter. The 1% is the exit fee on the [standing take-up](/pol): the pool takes HOLI, keeps the fee as **LP fee**, and releases the external asset along the curve. That fee and slippage affect the **fill**, not dashboard NAV.

## Fee destination

Trading fees **automatically accrue in the LP** **or** are **auto-collected to the Treasury by the contract**. Both paths are allowed. The 1% is an **LP fee** and counts as protocol assets. Both destinations are **protocol-owned liquidity**. It is not burned and not skimmed to a team wallet. **Developers take no cut of LP fees.**

**Liquidity fees and other Treasury income recycle into the protocol and fund the next round of asset and liquidity growth.** That is a [design goal](/flywheel), not a guarantee of volume, yield, or price.

SHYT **tax** **20%** still funds development. That is a trading tax on SHYT, not this hook fee. Do not mix the two.

How the hook is implemented is a contract fact. This page is the design: V4, full-range hook, 0 in / 1% out, fee accrues in the LP or is auto-collected to the Treasury, developers take no cut. A <Md expr="w" /> vote admits names; it does not retune 0 / 1%.