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Each UTC week (starting Monday at 00:00) runs two separate boards. Buyers rank against buyers on their own buying volume; the higher you place, the lower your platform fee the following week, down to the 0.3% floor. Lenders rank against lenders on their directly referred buyers' volume; the higher you place, the more often your key gets served first when it ties with other lenders on price the following week. Lenders always pay the standard 2% fee: placement changes priority, not price.
There is nothing to opt into. Buying inference puts you in the running for a lower fee. Referring buyers who transact puts you in the running for lending routing priority.
For buyers, your score is simply your own settled buying volume for the week: what you spent. Nothing else counts toward your fee placement.
For lenders, your score is the settled buying volume of the wallets you referred directly, that week: what they spent, not what your own key served. Second-degree referrals (people your referees refer) do not count toward this score. Share your link: when someone signs in through it for the first time, they are bound to you as a direct referee for good.
Both scores display as points, 100 points per dollar of scored volume. A separate all-time points total still includes the old 20% direct plus 4% second-degree referral credit; that number is a running tally only and does not set either weekly placement.
Every figure below is a buyer's resulting platform-fee rate, not a discount on the total price. Lenders do not have a fee curve: see routing priority below.
To be concrete: a top-20% placement turns a buyer's 2% fee leg into roughly 0.9%, which trims only about 1% off the total price. Heavy, consistent buying earns a meaningfully cheaper fee, but the price you pay is already the marketplace price (well below Venice list) before any of this.
Gondola's selector always keeps buyers inside a small price band: every key priced within 5% of the cheapest healthy key is treated as tied, and one is picked from that band. Your weekly referrer placement decides who wins that pick. The higher your referred buy volume last week, the more often your key is chosen over other in-band keys this week.
It never reaches outside the band: a lender priced above the tie band is never preferred over a genuinely cheaper key, and buyers never pay more than the band already allows. Priority decays the same way a buyer's fee does: keep your referred buyers active, or your placement fades the week after.
Rates and priority apply the week after you place, so this week's activity sets next week's outcome. If a buyer stops using Gondola, their rate decays back to the full 2% fee. If a lender's referred buyers go quiet, their routing priority decays the same way. Ties share a rank, and because ranking is relative there is always someone at the standard rate: the program rewards active users, it does not remove the fee.
This is not a token, points balance, or airdrop. There is nothing to buy, stake, or claim, and nothing sits in a wallet waiting to be sold. The only way to pay a lower fee is to buy inference on Gondola. The only way to earn routing priority is to refer buyers who transact. Nothing else changes hands.