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Documentation Index

Fetch the complete documentation index at: https://docs.binibit.com/llms.txt

Use this file to discover all available pages before exploring further.

Tokenomics view

See Tokenomics → BINI Sinks for how the burn portion contributes to deflation.

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The split

Every swap on BaiDEX charges a 1.00% total fee (100 basis points), split three ways: 
TOTAL_FEE_BPS = 100  (1.00%)
LP_REWARD_BPS = 50   (0.50%)
BURN_BPS      = 25   (0.25%)
REFERRER_BPS  = 25   (0.25%)

Total swap fee:  1.00%  (100 BPS)
├── 0.50%  LP providers       (50 BPS)
├── 0.25%  Burned permanently (25 BPS) — deflationary
└── 0.25%  Referrer / treasury (25 BPS)
SliceReceiverBurns?
0.50% (50 BPS)LP providers in the poolNo
0.25% (25 BPS)Burn addressYes
0.25% (25 BPS)Referrer (if any) or treasuryNo

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How it works in practice

When you swap on BaiDEX:
  1. Router intercepts the trade
  2. Computes fee = 1.00% of input amount
  3. Allocates fee to LPs, burn address, and referrer/treasury per the split
  4. Executes the underlying V3 swap with the remaining 99.00%
LPs see the 0.50% portion as their realized fee. The 0.50% they “miss” vs Uniswap V3 is going to burn + referrer.

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Burn slice impact

The 0.25% burn is permanent — every swap removes BINI (or wBINI / USBI / Agent Token, depending on input) from circulation forever. For wBINI swaps, this is a direct BINI sink (sink #3 in BINI Sinks). For other input assets, the burn affects that asset’s circulating supply.

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Daily burn projections (wBINI)

If wBINI/USBI volume is $V/day: 
Daily wBINI burn (in $) = V × 0.0025

Daily wBINI burn (in BINI at $0.12 ref) = V × 0.0025 / $0.12
Daily volume (wBINI)Daily burn ($)Daily burn (BINI)
$100K$2502,083
$1M$2,50020,833
$10M$25,000208,333
$100M$250,0002,083,333
At $10M/day wBINI volume, that’s ~76M BINI burned per year — comparable to the Year 4 emission rate.

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Referrer slice

The 0.25% referrer share goes to:
  • The user who referred the trader (if applicable), OR
  • The platform treasury (if no referrer)
Referrer payouts are credited per-trade. The referral system itself is on-chain (referrer address is encoded in the swap call).

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LP slice mechanics

The 0.50% LP fee accrues to LPs proportional to their share of the in-range liquidity at the moment of the swap. Standard V3 semantics:
  • Fees accumulate per position
  • LPs collect fees by calling collect() on their position NFT
  • Out-of-range LPs earn nothing during periods their range is bypassed

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Why 1.00% total?

The 1.00% rate is calibrated for:
  • Sustainability of burn: 0.25% is enough to materially shrink supply at moderate volume
  • Competitive LP returns: 0.50% to LPs is comparable to Uniswap’s 0.30% tier on volatile pairs (with the trade-off of higher slippage protection from agents)
  • Functional referrer mechanic: 0.25% gives referrers a non-trivial commission
Lower total fees would reduce the burn rate. Higher total fees would deter swap volume.

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Comparison

Uniswap V3BaiDEX
Lowest tier0.05%n/a
Stable tier0.30% (most pools)1.00%
Volatile tier1.00%1.00% (single tier)
Where fee goes100% to LPs50 LP / 25 burn / 25 ref
Burn?NoYes (0.25%)

AMM mechanics

Where the fee router fits

Tokenomics: BINI Sinks

The burn portion

Pools

Where fees accrue

Tokenomics: Agent Token Sinks

How fees compound for Agent Token holders