Orbit Finance DLMM
A bin-based dynamic liquidity market maker on Solana. Swap volume generates fees that fuel the $Cipher ecosystem, rewarding stakers and sustaining the DAO.
DLMM = Dynamic Liquidity Market Maker.
The Bin System
Liquidity is placed in discrete price bins instead of a single curve. Each bin has a fixed price; the active bin reflects the current spot price. Swaps move between bins dynamically.
Active Bin = Spot Price ZoneOn-Chain Fee Split
For ecosystem pools, the program takes 12.5% as a fixed protocol share first, then splits the remainder. The Cipher/USDC pool has a separate structure: 2% base fee, 1% to company, 1% to the community (75/15/10 to Holders, NFTs, DAO).
Fee Structures
Cipher/USDC Pool
2.0% Base FeeEcosystem Pools
Dynamic Base FeeAutomated protocol fees swept to Squads multisig.
15% of all fees is allocated to the community (75% / 15% / 10% to Holders, NFTs, DAO). Example: On $100 of fees, $15 goes to the community split.
Earnings Projections
Based on the specific Cipher/USDC Pool model (2% base fee), a benchmark $1M daily volume results in $10,000 shared directly with the community (75% Holders / 15% NFTs / 10% DAO):
Cipher Holders (75%)
NFT Stakers (15%)
DAO Treasury (10%)
Using the Ecosystem (pools + backend) model, the benchmark fee (0.054% of volume) is the protocol share of ecosystem fees; 15% of that is shared with the community, including revenue from ecosystem pools and backend. Then 75% / 15% / 10% to Holders, NFTs, DAO:
Cipher Holders (75%)
NFT Stakers (15%)
DAO Treasury (10%)
Custom projection
Using the same logic as Ecosystem, 15% of the fee goes to the community split. Then 75% / 15% / 10% to Holders, NFTs, DAO. This is illustrative; actual ecosystem pools use the protocol’s fee logic.
Custom Holders (75%)
NFT Stakers (15%)
DAO Treasury (10%)
Your rewards calculator
Estimate your share based on the pool volumes above. Your share is computed from the total staked amount (see Streamflow for current value) and how many tokens you have staked; no manual % needed. Then add your NFT counts (Common = 1, Uncommon = 2, Rare = 3).
That's 0.00% of the staked pool. Total staked: 70.5026M (source: Streamflow)
Your NFT weight: 0.
Cipher/USDC pool - your share
Ecosystem - your share
Custom - your share
How $Cipher Stakers Earn
Stake $Cipher
Via Streamflow. Only staked CIPHER counts toward reward accrual.
Sync Position
Sync your position when you add or remove staked tokens. Call sync_holder_stake when updating your staked amount.
Accrue Fees
Global index growth drives your time-weighted share of pool fees.
Claim Rewards
Call claim_holder_rewards to receive your accrued share.
NFT Staking
CIPHER_OWLS Collection
Higher rarity NFTs earn significantly higher weights. Stake to activate your unit weight.
Dynamic Index
The NFT share of pool fees updates the global NFT reward index in real-time.
Easy Claims
One-click claim functionality through the reward vault program.
Fee Summary
When you trade or when the protocol earns fees, here’s exactly how that money is shared. The table below shows where fees come from (the two sources) and how they are split: the company, the protocol, and the community (token stakers, NFT stakers, and the DAO). For Ecosystem, the fee base varies by pool; the protocol takes 12.5% of those fees. The 0.054% used in Earnings Projections is a benchmark example of that protocol share.
| Source | Fee Base | Company | Protocol (Squads) | $Cipher Stakers | NFT Stakers | DAO |
|---|---|---|---|---|---|---|
| Cipher/USDC | 2.0% | 1.0% | — | 0.75%* | 0.15%* | 0.1%* |
| Ecosystem (pools + backend) | Variable | — | 12.5% | 15% of protocol share* | included above | included above |
* For Cipher/USDC, protocol share is not applied; these are the 75% / 15% / 10% shares of the remaining 1% post-company fee. For Ecosystem, 15% of the 12.5% protocol share goes to the community (75% / 15% / 10% to Stakers, NFT, DAO).
What these terms mean
- Source
- Where the fee or revenue comes from: a specific trading pool, ecosystem pools, or backend services.
- Fee base
- The slice taken from each trade or the base amount (e.g. 2% of swap amount, or revenue).
- Company
- The share that goes to the operating company (also referred to as Creator).
- Protocol (Squads)
- The share that goes to the protocol infrastructure (Squads).
- $Cipher Stakers
- People who lock Cipher tokens; they receive a share of fees.
- NFT Stakers
- People who stake NFTs; they receive a share.
- DAO
- The community treasury; funds the community votes to spend.
Example with real numbers
Two ways fees flow: from a single swap (Cipher/USDC) and from the Ecosystem (pools + backend). For ecosystem, the protocol receives 12.5% of fees; 15% of that protocol share goes to the community (75/15/10 to Stakers, NFT, DAO). Below we use simple round numbers so you can see exactly who gets what.
Where a $200 fee goes (Cipher/USDC swap)
$10,000 swap → 2% = $200 in fees
Where the community share goes (Ecosystem / backend revenue)
$10M volume → 0.054% = $5,400 protocol share → 15% of that to community = $810
Cipher/USDC example
If you swap $10,000 in the Cipher/USDC pool: 2% = $200 in fees. $100 goes to the company; the other $100 is shared with the community: $75 to Cipher stakers, $15 to NFT stakers, $10 to the DAO.
Ecosystem (pools + backend) example
$10M volume → $5,400 protocol share (0.054%) → 15% = $810 to the community. Then $607.50 to Cipher stakers, $121.50 to NFT stakers, $81 to the DAO.