Field guide / Liquidity · 2 min read

Swapping

Jupiter quotes, the review dialog, and when a trade earns the protocol anything.

Pre-launch, and clear about it.
The deployed configuration splits the 4% protocol fee 1% holders, 1% liquidity, 1% staking and 1% operations, fixed in the treasury program with no setter. Staking itself is planned, phase 2: the allocation is set aside, but no staking program is deployed and nothing accepts a deposit. Values that have not been read from the chain render as a dash with the reason beside them.

Real quotes, before activation

Swap quotes come from Jupiter through the site's own server, so your browser never talks to a third party and every visitor shares one quote budget. Quotes are shown verbatim: input, output, minimum received, price impact and the venues on the route. A quote is good for 45 seconds and the countdown is on screen.

Quoting works now for the stocks. Signing a $DVR swap opens only once the token exists and the launch manifest enables it.

Review and sign

  • The dialog shows the exact input and the minimum output at full precision, the recipient (your wallet), the slippage you chose and the quote’s expiry.
  • Slippage is 0.1% to 3%. A quote whose price impact cannot be measured is not executable.
  • The site re-verifies the connected key and wallet before the signature request and again after it, then sends through its own proxy and confirms by polling.
  • Jupiter builds the transaction; Divvy Reservoir adds no fee and no instruction of its own. Interface fee: none.
  • A quote is good for 45 seconds and is sealed by this site when it is issued. The transaction is built only from a quote it issued, so the numbers you approved are the numbers you sign.

When a trade earns the protocol anything

Only a trade on the launch venue pays the creator fee, and only a trade through a pool where the protocol owns a position earns it a share of that pool's fee. Jupiter routes to the best price it finds; Divvy Reservoir does not force a route through its own pools and never ranks its own liquidity higher than the quote does.

Primary sources

Provider and issuer documentation. Addresses are verified on chain again before activation.