> For the complete documentation index, see [llms.txt](https://docs.socialhood.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.socialhood.app/social-app/keys.md).

# Creator Keys

Every creator on Socialhood has a **key market** — a friend.tech-style bonding curve tied to their profile. Holding someone's key is a bet on their attention, and it unlocks their **holder room** (key-gated group chat).

## The curve

The price of the next key at supply `s` is:

```
price(s) = s² / 32,000  ETH
```

Quadratic: early keys are nearly free, later keys get expensive fast. Price discovery is pure supply and demand — there is no market maker and no admin lever.

## Fees — 10% on every trade

Every buy **and** sell pays a 10% fee, split:

| Share  | Recipient                                          |
| ------ | -------------------------------------------------- |
| **7%** | The creator (the "fees earned" number on profiles) |
| **3%** | Protocol treasury                                  |

Fees are pushed to recipients instantly on each trade, with a pull-based `claimFees()` fallback if a push fails. There are no other fees, no hidden rakes.

## Rules enforced by the contract

* **First key self-claim** — the first key of any market can only be bought by the creator themself. A market only exists once its owner claims it. Combined with X-id anchoring, this is the anti-impersonation backbone.
* **Solvency invariant** — the contract always holds enough ETH for every key to be sold back. This is fuzz-tested with invariant testing.
* **Non-upgradeable** — no mint, no pause, no backdoors. The owner (multisig) can only change the treasury address.

## Why hold keys?

* Access to the creator's **holder room**.
* Key holders are **snapshotted for token airdrops** when the creator launches on the [Terminal](/terminal-launchpad/graduation.md) — 2.5% of every launched token's supply goes to its creator's key holders.
* Points accrue for buying, holding, and breadth of holdings (see [Points](/social-app/points.md)).


---

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