One Draw.

September 2026

Fees multiply. A system adds one for trading, another for moving, a third that arrives with time, and soon the holder needs a table to know what anything costs. Ebbline has one fee. It is called the Draw, it is 2% of each trade, and this note is the whole of its documentation.

What is charged. Trades, and only trades. A buy pays 2%; a sell pays 2%; the rate is the same in both directions because the mechanism does not take sides — it answers flow, and flow has two directions. The hook takes the Draw at the moment of the swap, so there is no bill that arrives later and nothing to settle.

What is not charged. Holding. Keeping EBBL in a wallet costs nothing, today or ever. There is no charge with time, no maintenance, nothing that nibbles a balance that sits still. If you never trade, the system never takes anything from you.

Where it goes. The Draw gathers in the Shallows, the balance the hook holds, and it has one destination. On a window of net outflow it buys EBBL from the market, and the bought units settle in the Silt permanently. The Draw is never paid out to anyone — not to the deployer, not to a treasury, not to a fund. A 10 ETH trade leaves 0.2 ETH as the Draw; a window with 95 ETH of volume leaves 1.9 ETH. All of it waits for outflow to answer.

Changes. There are none, and there can be none. The 2% is fixed in the contract’s code, not a setting; no transaction can raise it, lower it, or redirect it. What a trade pays on day one is what it pays forever. If this note and the contract ever disagree, the contract is right — the verified source is the fee’s only true documentation, and it is public for exactly that reason.