Fees

Baseline charges fees on trades that flow back to the token's balance sheet. Every trade increases the floor price, making trading activity directly strengthen the token's value.

How Fees Work

Fees adapt based on where the trade occurs relative to the floor price:

On Sells:

• Fee charged on the premium portion (above BLV)
• Higher premiums pay higher fees
• Distressed sells near the floor pay almost nothing

This protects sellers who need to exit during market stress. If you're selling near the floor, you're already taking a loss - the fee structure doesn't punish you further.

On Buys:

• Fee charged on the BLV portion
• Consistent fee capture on the stable component

This ensures consistent revenue capture regardless of where the price is trading above the floor.

Benefits of Fees

• Floor Growth: Fees accumulate in backing reserves, permanently raising BLV with every trade.
• Revenue Generation: The token monetizes its own trading activity instead of paying market makers.
• Aligned Incentives: More trading volume means higher floor prices for all holders.
• Distressed Seller Protection: Sellers near the floor pay minimal fees - no punishment for exiting during stress.