# Protocol fees

`kaal:entity:protocol-fees`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `protocol-fees`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 2 works, 2017 to 2022.

**2017**

- [2959730-040](https://wulfkaal.github.io/claims/2959730-040) [empirical/evidenced] -- Running a private fund adviser portfolio on the blockchain costs only protocol determined core usage fees, modular commissions set by module developers amounting to a fraction of a cent or a fraction of trade volume per usage, and Ethereum infrastructure costs.
  > The usage fees are determined by the protocol, and the modular fees are set by the module developers and are a fraction of a cent or a fraction of the trade volume for each usage.
  Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

**2022**

- [4015908-016](https://wulfkaal.github.io/claims/4015908-016) [design/argued] -- Because the main mandate of a fair launch is equitable treatment of the public, fair launches typically involve a mandate to distribute any and all revenue and profits of the project to community investors.
  > Since the main mandate of the fair launch is equitable treatment of the public, fair launches typically involve a mandate to distribute any and all revenue and profits of the project to their community investors.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908
- [4015908-017](https://wulfkaal.github.io/claims/4015908-017) [mechanism/evidenced] -- Open-source code combined with protocol fee flowback to users, as with the Uniswap V2 0.3% swap fee that is automatically distributed to liquidity providers, guarantees transparency, accountability, market confidence in the product, and associated protections for the community.
  > Open-source code and protocol fee flowback to users guarantee transparency, accountability, market confidence in the products, and the associated protections for the community.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/protocol-fees.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.