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

# Liquidity & fees

> Locked LP, and the fee stream that keeps paying.

When a sale settles, HyperPad pairs the raise with tokens and deposits them into a **HyperSwap pool**.
That LP is locked — but the trading fees it earns are not.

## Locked, not lost

The liquidity position can't be withdrawn, so the pool can't be rugged. What the position keeps
earning — the **swap fees** from every trade — belongs to the project and is claimable on demand.

<Steps>
  <Step title="Trading happens">
    Every swap against your pool accrues fees to the locked position.
  </Step>

  <Step title="Claim anytime">
    From the launchpad, hit **Claim LP fees**. HyperPad finds your position, previews what's owed, and
    collects it to your wallet in one transaction.
  </Step>
</Steps>

<Card title="Why this matters" icon="chart-line">
  A normal launch is a one-time raise. A HyperPad launch is a raise **plus** an ongoing fee stream for
  as long as people trade your token — without ever putting the pooled liquidity at risk.
</Card>

<Info>
  Claiming fees is **project-only** — gated to the launch's owner. Buyers can't drain it, and neither
  can the platform.
</Info>