crate-token

Program which allows users to create a token that is redeemable for its underlying assets.

This can be used for many use cases, including but not limited to:

• ETFs
• Composable Stablecoins
• Rewards distributions

Program Address: CRATwLpu6YZEeiVq9ajjxs61wPQ9f29s1UoQR9siJCRs

Protocol fees

Protocol fees are taken from the issue_fee and the withdraw_fee-- 20% of this fee goes to the Crate DAO, while the other 80% goes to the Crate's "author". These fees are set by the fee_setter and default to zero.

There are no fees if the Crate's consumer does not take any fees. We want Crate to be a common building block for any ETF-like protocol on the Solana blockchain.