# Fees

Pitchcast fees are taken at settlement (post-resolution), not at trade execution. This removes friction during active trading and aligns protocol revenue with successful markets. No fees are charged on voided markets.

## Fee rates

| Fee              | Rate                      | Recipient              |
| ---------------- | ------------------------- | ---------------------- |
| **Protocol fee** | 1.0% of winnings          | Protocol treasury      |
| **Creator fee**  | 0.5% of market volume     | Market creator wallet  |
| **Resolver fee** | 0.25% of total collateral | Oracle resolver wallet |

## When fees apply

Fees apply when a winning share holder calls `claim_winnings` after market resolution. The program deducts the applicable fees before transferring USDC to the claimant.

A user holding 1000 YES shares in a resolved YES market would receive:

```
1000 USDC gross
-  10.00 USDC protocol fee (1.0%)
-   5.00 USDC creator fee (0.5%)
= 985.00 USDC net
```

The resolver fee is deducted from the total collateral pool at resolution, before individual claims are processed.

## Voided markets

Voided markets carry zero fees. All collateral is returned pro-rata to share holders. See [Voiding Policy](https://github.com/Pitchcast-xyz/pitchcast-docs/blob/main/markets/voiding.md) for the conditions that trigger a void.

{% hint style="info" %}
The fee-at-settlement model means that active traders are not penalised for frequent trading or position adjustments. Fees only apply when a user profits from a resolved market.
{% endhint %}


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