Fee schedule · licensed operators
Clearance before irreversible withdraw, payout, or bind. One welded path per write. Revoked parent license blocks child spend. Fees: weld + monthly management + 10 bps of cleared flow. Not seat licenses.
Not a forecast. Annual flow fee at 10 bps if monthly cleared hits the band, plus management on active paths.
Flow leg (10 bps + carry above $500M/mo) $100M / yr cleared → $100,000 $1B → $1,000,000 $10B → $10,000,000 $100B → $100,000,000 $1T → $1,000,000,000 + management: (welded paths + active parent licenses) × $5,000/mo 100 paths + 500 parents → $3,000,000/mo management Same paths + $1B/mo flow → $1M flow + $3M management that month
$25,000 weld · $5,000/mo management per path · 48hr delivery · licensed only.