Pressure builds.
Fees drop.
The fee drops as the market cap climbs: 10% at migration, one tier at a time, 1% from $1M. Every fee buys and burns $KETTLE.
Kettle meter
Live from the pool. The water level is where the market cap sits on the ladder; the flame and the steam follow it.
10%
current fee on every swap
- Tier
- 1 of 10
- Market cap
- —
- Next tier
- 9% at $50K
- $KETTLE burned
- —
The ladder
10 tiers. The fee steps down at each market cap below, from 10% to 1%, and stays at 1% past the last one.
| Tier | Fee | Market cap | $KETTLE burned by thenBurned | Status |
|---|---|---|---|---|
| 1 | 10% | under $50K | — | nowcurrent tier |
| 2 | 9% | $50K | — | |
| 3 | 8% | $100K | — | |
| 4 | 7% | $150K | — | |
| 5 | 6% | $200K | — | |
| 6 | 5% | $250K | — | |
| 7 | 4% | $300K | — | |
| 8 | 3% | $500K | — | |
| 9 | 2% | $750K | — | |
| 10 | 1% | $1M | — |
How it works
One rule, applied to every swap.
- 01
Heat
Kettle launches on a Meteora bonding curve. When the curve fills, its liquidity migrates into a DAMM v2 pool and trading opens at a 10% fee.
- 02
Boil
Each time the market cap crosses the next mark, the fee drops one tier: 10 tiers from 10% to 1%, the last from $1M. The fee is set per tier and taken on every swap.
- 03
Steam
Fees are claimed by the treasury wallet, swapped for $KETTLE and burned. Burned supply is gone. The figures on this page are read from that wallet.
Estimated burn
$KETTLE supply burned from launch at $25K to $1M, as the fee steps down. Assumes $2 of trading for every $1 of market cap gained.
| Market cap | Fee | Supply burned |
|---|---|---|
| $25K | 10% | 0.0% |
| $50K | 9% | 12.9% |
| $100K | 8% | 23.2% |
| $150K | 7% | 28.0% |
| $200K | 6% | 30.8% |
| $250K | 5% | 32.7% |
| $300K | 4% | 33.9% |
| $500K | 3% | 36.5% |
| $750K | 2% | 38.0% |
| $1M | 1% | 38.8% |