> For the complete documentation index, see [llms.txt](https://nad-fun.gitbook.io/nad.fun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nad-fun.gitbook.io/nad.fun/getting-started/fees-overview.md).

# Fees Overview

Last updated: \[May 15th, 2026]

This page describes the fee structure for tokens launched through **nad.fun V2**.

Tokens launched before V2 continue to follow the previous V1 fee model. Nothing changes retroactively for V1-launched tokens.

V2 fees depend on the token’s lifecycle stage.

### Bonding Curve Stage

During the bonding curve stage, tokens can be created and traded directly on nad.fun.

| Item                         | Fee    |
| ---------------------------- | ------ |
| Token creation               | 10 MON |
| Buy / sell Protocol Fee      | 1%     |
| Buy / sell Customizable Fee  | 1%     |
| Total buy / sell trading fee | 2%     |

The Customizable Fee is not a protocol fee. It is a creator-configured token fee routed through selected Fee Vaults.

The graduation fee is a fixed fee of 1,000 MON that is automatically applied when a token graduates from the bonding curve to DEX liquidity.

### Post-Graduation Trading

After graduation, trading continues through a CPMM / Uniswap V2-style liquidity pool.

The default post-graduation trading fee is 1.60%.

| Fee type         | Rate  |
| ---------------- | ----- |
| Customizable Fee | 1%    |
| Protocol Fee     | 0.35% |
| LP Fee           | 0.25% |
| Total            | 1.60% |

The **Customizable Fee** is creator-configured and routed through selected Fee Vaults.

The LP Fee is 0.25%, with 0.05% allocated to the protocol and 0.20% remaining in the pool as LP fee.

### Post-Graduation Liquidity

After graduation, liquidity moves to a CPMM / Uniswap V2-style liquidity pool.

The initial protocol-provided liquidity is locked through its LP tokens, and the LP fees earned by this locked liquidity stay in the pool and help deepen liquidity over time.

External liquidity providers may also add liquidity. LP fees are shared based on each provider’s share of pool liquidity.

### Anti-Sniping

During the first few blocks after token creation, Anti-Sniping penalties may apply to normal buys.

Anti-Sniping penalties are separate from regular trading fees.

Learn more: [\[Anti-Sniping\]](#anti-sniping)

### Important Notes

* Gas fees may apply and are not controlled by nad.fun.
* Each token’s active fee settings are shown on the token page.
* Fee settings, default rates, presets, allocation limits, and supported Fee Vaults may change over time.
* The nad.fun app and smart contracts are the source of truth for current fee settings.