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Documentation Index

Fetch the complete documentation index at: https://docs.cowboy.lat/llms.txt

Use this file to discover all available pages before exploring further.

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Introduction

Understanding where fees go, how rewards are distributed, and how value accrues is crucial for all Cowboy participants. This page visualizes and explains the complete value flow in the ecosystem.
Basefee for Cycles and Cells is burned (CIP‑3); tips go to the validator (block proposer). Off‑chain job fees are paid in CBY separately and are market‑priced (CIP‑2/3).

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High-Level Flow (Conceptual)

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Per-Transaction Flow (Normative Parts)

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On-Chain Transaction

When a user submits a transaction: 
# CIP‑3 (dual meters), per resource x ∈ [Cycles, Cells]
basefee_component_x = usage_x × basefee_x

effective_tip_rate_x = min(tip_per_x, max_fee_per_x − basefee_x)
tip_component_x = usage_x × effective_tip_rate_x

Total fee = Σ_x (basefee_component_x + tip_component_x)
# Basefee components are burned; tip components go to the validator
Fee breakdown:
  1. Basefee:
    • 100% burned (CIP‑3)
  2. Tip:
    • Paid to the validator (block proposer) (CIP‑3)
  3. Protocol Fees:
    • Any treasury/fee allocations are governance/implementation‑specific (non‑normative)

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Per-Block Flow (Conceptual)

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Off-Chain Compute Flow (CIP‑2)

  • Payments are market‑priced and denominated in CBY per runner (CIP‑2/3).

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Scope Notes

  • Issuance/inflation schedules and validator reward splits are governance‑defined and out of scope for this document. Any numerical examples must be specified via separate proposals.
  • Direct numerical comparisons to other protocols’ tokenomics are out of scope; Cowboy’s normative mechanisms here are the dual meters and dual basefee burn (CIP‑3).

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Interactive Flow Visualization

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Summary

  • Basefee (Cycles/Cells) is burned; tips go to the validator (CIP‑3).
  • Off‑chain job payments are market‑priced in CBY and handled separately (CIP‑2/3).
  • Issuance/treasury specifics are governance‑defined (scope notes).

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Further Reading