$LQDS, fees and burns
Where every fee goes, and what $LQDS does.
The split
LPs: base + 80% of gap part$LQDS burn 12%Author 5%KNTQ 3%
The fee router turns the hook part into HYPE (selling USDC or KNTQ through the same pool), then splits it: 12 of 20 parts buy and burn $LQDS, 5 go to the channel author, 3 buy and burn KNTQ through the HYPE/KNTQ pool. For the house channel the author is the keeper's gas address, so its share pays for the posts.
What $LQDS does
$LQDS is the bond behind every pricing channel. Listing a channel takes a $LQDS stake; a flagged channel loses all of it, burned. Every gap fee buys and burns $LQDS. Swappers and LPs need no $LQDS, and holding without staking earns nothing directly.
Before $LQDS exists
The $LQDS share accrues in the fee router as HYPE and is spent on the first burn once the team records the token address through the timelock.