Fees
Every trade gets a receipt in Bags that shows each part of the fee. The creator's share of a Trench coin's fee is set by the coin's on-chain config; Trench pays the holder and bagworker shares out of its own share.
| Market | Fee | Where it goes | To you |
|---|---|---|---|
| Trench coins | 1% | Meteora $20, creator $40, holders $16, bagworkers $12, Trench $12 (half of it funds the coin’s Diamond Hands Pool), per $100 of fees | Holder pay while you hold |
| First four launches, or any launch by a Clean dev (bonding curve) | 1% | Meteora $20, creator $68, holders $4.80, bagworkers $3.60, Trench $3.60 (half of it funds the coin’s Diamond Hands Pool) | Holder pay while you hold |
| Coins from other launchpads | 0.5% | Trench, or half to the bagworker who brought you (0.2% when Jupiter Ultra routes it) | Meteora referral share and MEV rebates |
| Perps, where allowed | 0.05% | Trench builder fee, on top of Hyperliquid’s own fees | None |
- Trench coins: the 1% is Meteora's base pool fee. Meteora can add a volatility fee on top when the price moves fast.
- Lifetime pay for the bagworker who brought a trader comes out of Trench's part, never on top of the trader's fee.
- Coins from other launchpads: Trench routes straight to the coin's Meteora pool when that nets you more than Jupiter.
Sandwich protection
A sandwich is when a bot buys right before your trade and sells right after it, so you pay a worse price. Trench sends every trade through Helius MEV Protect at no extra cost, which keeps it away from validators flagged for sandwiching. When Jupiter Ultra carries an outside-coin trade, Jupiter sends it with its own protection. How it works
Holder pay is a fee rebate, not interest, and amounts can be zero. The rules are at /rules/holder-rewards. Not financial advice.