Launch

Capital flow

Where a creator fee goes, and which column it is in at each step. The figure beside each stage is what is actually there — which is why four of the five are zero.

read at slot 449,469,421 · 13 min ago · across 672,218 fee configurations

  1. 1

    A token names a handle

    PENDING

    Its creator-fee configuration lists a recipient. That account does not need to agree, know in advance, or take any action.

    1,360.54 SOL

    above the rent floor, on chain

  2. 2

    Fees accrue on chain

    PENDING

    They sit in the configuration account, belonging to nobody. This is the only stage with anything in it today.

    1,360.54 SOL

    above the rent floor, on chain

  3. 3

    A payout is addressed

    CLAIMABLE

    Addressed to someone who has not taken it. Still not received — and this is the word the site this answers uses for it anyway.

    0.0000 SOL

    nothing has reached this stage

  4. 4

    It is taken

    RECEIVED

    A claim carrying a transaction signature and a slot. This is the only step that can move a figure into RECEIVED, and the database refuses the row without both.

    0.0000 SOL

    nothing has reached this stage

  5. 5

    Or it lapses

    LAPSED

    Not taken, and returned. Recorded separately and never added to the first — a payout that lapsed is not a smaller version of one that arrived.

    0.0000 SOL

    nothing has reached this stage

Why the fourth step is the whole product

Steps three and five look alike from the outside: in both, money was addressed to somebody and they have nothing. The site this answers prints Received for both — 25 times on one profile — while its own documentation says an unclaimed payout returns to it after fourteen days. Here they are different columns, and no arithmetic anywhere can add one to the other, because received is a VIEW that sums claim events and nothing else can write to it.