Update Fee Details

The updateFeeDetails method allows you to configure the fee structure for your launchpad, including the fee percentage and the address that receives the fees.

Method Signature

async updateFeeDetails(
  feeBips: string, 
  feeReceiver: string
): Promise<{ success: boolean; data: any }>

Parameters

Parameter	Type	Description
feeBips	string	Fee amount in basis points (1 bip = 0.01%). For example, "100" = 1%
feeReceiver	string	Ethereum address that will receive the collected fees

Return Value

Returns a Promise that resolves to:

{
  success: boolean;  // Indicates if the operation was successful
  data: any;        // Response data from the API
}

Example Usage

import { SDK, LYNC_API } from "@lync/launchpad-sdk";

async function updateFees() {
  // Initialize SDK
  SDK.init({
    ammContract: "0x1E1E7CcF1Cf59A9502322D78605e967a4E49EaD1",
    apiKey: "your-api-key",
    launchpadId: "your-launchpad-id",
  });

  // Create API instance
  const apiSdk = new LYNC_API();

  try {
    // Update fee to 2.5% (250 basis points)
    const result = await apiSdk.updateFeeDetails(
      "250",                                          // 2.5% fee
      "0x742d35Cc6634C0532925a3b844Bc9e7595f0bEb" // Fee receiver address
    );

    if (result.success) {
      console.log("Fee details updated successfully!");
      console.log("Response:", result.data);
    }
  } catch (error) {
    console.error("Failed to update fee details:", error.message);
  }
}

updateFees();

Understanding Basis Points

Basis points (bips) are a common way to express percentages:

• 1 basis point = 0.01%
• 100 basis points = 1%
• 250 basis points = 2.5%
• 1000 basis points = 10%