Fees

There are three costs in Myrias: a swap fee on $MYR, a reward for whoever calls the turn, and network gas. That is the full list.

Swap fee

Every swap of $MYR pays a 1% fee, taken by the hook on the pool. The fee goes to the team treasury (multisig). It applies to buys and sells alike.

The fee is the team's revenue. It does not go to holders, and it does not go into the flock vault automatically. The treasury decides how much, if any, it sends to the vault. See treasury and control.

Caller reward

Whoever calls the turn earns 0.1% of that turn's size, capped at 0.01 ETH. The reward is split across the chunks: one share to the caller of the turn and one to whoever fills each later chunk, so a turn pays it once, and a turn that only runs exits pays a flat 0.0002 ETH. The reward is paid from the flock vault in the same transaction.

The reward exists so that someone always has a reason to call. It is small on purpose. If gas costs more than the reward, calls may slow down. See turns.

Gas

Every transaction costs network gas, paid by whoever sends it:

• Setting or clearing your compass — you pay gas. You only do this when you change your mind.
• Calling the turn — the caller pays gas, and receives the caller reward.
• Buying and selling $MYR — you pay gas, plus the swap fee.

Costs inside the vault

The vault's own trades cost something too. Every buy and sell pays gas and the target pool's own fee, and may lose up to 3% to slippage per chunk. These costs reduce what the vault holds. They do not come from you.

Changing fees

The owner can change the swap fee, the caller reward and the fee recipient. Every change is an onchain transaction, and this page reads from the same config as the rest of the site. See contracts and admin powers.