> For the complete documentation index, see [llms.txt](https://docs.maicrotrader.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.maicrotrader.com/8.-usdmaicro-token-full-tokenomics/8.2-fee-structure.md).

# 8.2 Fee Structure

maicrotrader generates fees from two sources:

#### Trading Fee (0.7%, paid in cbBTC)

The primary fee on all vault trades, collected in cbBTC.

| Allocation        | Share | Use                                                |
| ----------------- | ----- | -------------------------------------------------- |
| Buybacks          | 60%   | Purchase $MAICRO from open market                  |
| Team (Operations) | 30%   | Held in cbBTC, funds audits, liquidity, operations |
| Treasury          | 10%   | Additional buyback, held in $MAICRO                |

#### Vault Trade Fee (0.02%, paid in USDC)

A smaller fee on individual vault-level trades.

| Allocation                   | Share | Use                                               |
| ---------------------------- | ----- | ------------------------------------------------- |
| Team                         | 50%   | Held in USDC                                      |
| Staker and depositor rebates | 30%   | Buybacks shared with stakers and vault depositors |
| Treasury                     | 20%   | Held in USDC                                      |

#### Buyback Mechanics

Of all $MAICRO purchased via buybacks:

* 75% is permanently burned, reducing circulating supply
* 25% is distributed to active stakers as yield

#### Dynamic Scaling

The buyback intensity is designed to scale with market conditions:

```
Buyback_Intensity(t) = Base_Rate × (Target_MC / Current_MC)^α
```

Where `α` controls the scaling aggressiveness. At low market cap relative to target, buybacks are aggressive, compressing supply. As market cap grows toward target, the system normalizes, shifting weight from burns toward larger staker rewards and treasury growth. This prevents the protocol from burning aggressively at a point when supply reduction has diminishing return.


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