Fees, the Gatehouse and buybacks

Every charge

All values are at launch settings.

Charge	Size, paid in	Goes to
Trading tax	90%, falling through the launch hour, then 2% on a buy and 3% on a sell. Paid in ETH	The Gatehouse
Pool fee	1% of each trade, in the token you put in	Liquidity providers, with Base Camp’s part going to the Team Safe
Liquidity exit tax	On principal taken out: the ETH part at the sell rate, the CSM part at the buy rate	ETH to the Gatehouse, CSM burned
Gate fee	2% to 60% of every cash-out. Paid in CSM	Half burned out of supply, half to the Herd Share
Herding toll	Once per goat at the bind (the Grazing toll), from your wallet. After that, on each Bring In except the first after a paid bind, from the Barn’s balance first. A bind straight into a Barn pays only the Bring In toll, from the Barn’s balance first. Paid in CSM	Burned out of supply
Stall Permit	A falling price each roll. Paid in CSM, from the Barn’s balance first	Burned out of supply
Salt Lick, Salt Block	Off today. Paid in CSM	Burned out of supply
New Barn lot	A falling price, at least 0.25 ETH	The Gatehouse
Deed royalty	10% of a marketplace sale, in that sale’s currency, while transfers are on	The Treasury Safe
Hay Bale early exit	2% to 15%, off today. Paid in CSM	Half burned, half credited to the other open Bales, split by principal
Goat Street’s soft-stake fee	Goat Street’s own fee, paid through the Bell	Goat Street
Gas	ETH, on every transaction. A due Trek adds the settlement’s gas	The chain

The code counts most of this burned CSM as retired. See Tokenomics. A reset is not a fee. Its split is explained on Stay active. Gas only: Check in, Turn Out, settling a Trek, opening a new roll, cancelling a Shepherd order, finishing a goat’s clean-up, applying a Deed switch, a repair and collecting your pool fees all cost gas and nothing else.

The Gatehouse split

Where the Gatehouse ETH goes: the split at each Trek.

Part 1 of 2 of the Gatehouse split: the two 15% shares.

Part 2 of 2 of the Gatehouse split: the 70% share.

At each Trek settlement, the Gatehouse splits the ETH it holds. That ETH is the taxes, the ETH part of the liquidity exit tax and every Barn lot price.

Share	Goes to
15%	The team, paid to the Team Safe by a call anyone can send
15%	The Base Camp buyback
70%	The Treasury Safe, if the Trek’s net flow was above zero (net buying). The Avalanche vault, if it was zero or below (net selling)

Taxes taken before issuance starts reach the Gatehouse with the first forward. The owner Safe can change the shares, but the team’s share can be at most 20%. A change takes effect right after the next settlement, so the settlement after that is the first to use it. Net flow is explained on Treks. The Gatehouse page shows the ETH waiting for the next Trek, the CSM burned so far, the Hayloft’s balance, what is owed to the team, and each Trek’s split marked “Net buying” or “Net selling”.

The two buyback contracts

	Base Camp buyback	Avalanche vault
Gets	15% of the Gatehouse each Trek, and a share of the sale ETH	The 70% after net-selling Treks, and a share of the sale ETH
A step	Buys CSM and sends all of it to the Hayloft. Nothing is burned	Buys CSM with the smaller of 10% of its ETH and 0.20% of Base Camp’s depth at the current price, then burns all the CSM it holds
Size and spacing	At most 10 ETH per buy, with buys at least 15 minutes apart	Steps at least 15 minutes apart
Price check	Within about 16% of the pool’s average, before and after	Within about 10% of the average
Refuses	During the launch schedule, and while either tax is under 1%	The same
Who can run it	The operator key or the owner Safe	The same. The owner Safe can open it to everyone, and that cannot be undone. Off at launch

Buybacks are what the contracts do with ETH. Nothing has to run them, and these pages say nothing about any effect on any price.

The Hayloft

The Hayloft holds the CSM that the Base Camp buyback buys. The owner Safe can send any amount of it, or of ETH, to anyone, at once. Its planned use is the Hay Bale budget. That is a plan, not a promise.

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Forage, Treks and cash-outs

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Terms & Conditions

Fees, the Gatehouse and buybacks

Every charge

The Gatehouse split

The two buyback contracts

The Hayloft

​Every charge

​The Gatehouse split

​The two buyback contracts

​The Hayloft

Every charge

The Gatehouse split

The two buyback contracts

The Hayloft