Concepts
Fees & rewards.
Where the yield comes from, how it is claimed, and the 7.5% protocol fee.
Your ladder earns the pool's trading fee on every swap that goes through a funded bin. Obol keeps 7.5% of those fees; your deposit is never charged.
You receive
$92.50
Protocol treasury
$7.50
Your deposit (the liquidity itself) is never charged. Closing a ladder returns 100% of the liquidity plus the fees, minus 7.5% of the fees only.
Where the yield comes from
Each Uniswap pool has a fee tier (for example 0.05%, 0.3%, 1%, or a custom V4 fee). Every swap pays it to the liquidity it uses, in proportion to that liquidity. Concentrated bins near the traded price capture a large share. See Uniswap: fees.
The protocol fee
| Action | Protocol fee |
|---|---|
| Claim fees | 7.5% of the fees collected |
| Close a ladder | 7.5% of the fees collected; 0% of the liquidity returned |
| Open a ladder | None |
The fee is hard-coded as PROTOCOL_FEE_BPS = 750 in both ladder managers and sent to the protocol treasury. It cannot be changed.
Pending fees
The ladder page and pendingFees(ladderId) show unclaimed fees net of the protocol fee, i.e. exactly what a claim would send you at that moment.
Fees paid so far
Fees claimed by LPs
—
Net of the protocol fee, priced at the payout block
Protocol fees
—
7.5% of LP fees, sent to the treasury
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Claim or leave them
Unclaimed fees stay in Uniswap, owed to your positions; they do not compound into liquidity. Claim whenever you like, or let them be collected when you close.
