> ## Documentation Index
> Fetch the complete documentation index at: https://docs.pariprotocol.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Fees and payouts

> What an integrator receives and how the payout wallet changes.

## What it is

As a registered integrator, a token launched with your wallet records it. You receive a share of that token's trading fees for the life of the token, in SOL, to your payout wallet. The operator's bot collects the fees and sends your share in each split. The splits are public on the [Verify](https://pariprotocol.xyz/verify) page.

## When it applies

From the end of the holder window, on every token that records you. On a token paired with a stock you are paid in the stock.

## Numbers and limits

| Stage | Your share of trade volume |
| - | - |
| On the bonding curve | 0.10% |
| After migration | 0.05% |
| Inside the holder window | Nothing |

* **Holder window.** Its length is the preset's decay time plus 5 minutes. During it the whole partner share goes to the token's holders.
* **Fixed per token.** The split a token launched with is stored on its record and does not change. A later change by Pari applies to new launches only.
* **Payout delay.** A change you did not sign takes effect after 72 hours by default.

For the whole table, see [Fees](https://docs.pariprotocol.xyz/protocol/fees.md). Your share depends on how much your tokens trade. Nothing here is a promise of income.

## Step by step

Your payout wallet is set when you are registered. It can change in two ways only.

### By your own signature

You sign with the authority key:

```sh theme={null}
pari integrator payout set --payout <pubkey> --send
```

### By Pari, after a public delay

The admin or operator proposes a new wallet, and it takes effect only after the delay has passed.

```sh theme={null}
pari integrator payout propose --authority <pubkey> --payout <pubkey> --send
pari integrator payout apply --authority <pubkey> --send
```

Until it is applied, the old wallet keeps being paid, so you have time to see a proposal and answer it.

## What can go wrong

> [accordion] A launch has no registered integrator
>
> If the launch names no integrator, or a wallet that is not registered, your row does not exist. That share goes to the treasury.

> [accordion] The pool fee changes
>
> After migration the pool charges 0.5% when it is created. A DAMM v2 pool operator can change a pool's fee later, up to 10%. That is not a promise from Pari.

> [accordion] You lose the authority key
>
> The authority key and the payout wallet can be different keys. Keep the authority key offline when you can.

## Next

> [card] [Fees](https://docs.pariprotocol.xyz/protocol/fees.md)
>
> The whole split.

> [card] [CLI](https://docs.pariprotocol.xyz/build/cli.md)
>
> Every integrator command.


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.