> For the complete documentation index, see [llms.txt](https://bonding-curve-research-group.gitbook.io/bonding-curve-research-group-library/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bonding-curve-research-group.gitbook.io/bonding-curve-research-group-library/bonding-curve-parameter-matrix-and-trade-off-decisions/mint-fee.md).

# Mint Fee

**Lower Mint Fee**\
Creates a smaller band for the PIM, which allows the arb agent to interfere with Secondary market swings more frequently, thus increasing arbitrage profits, but changes supply and reserves more often. 

<figure><img src="/files/JTCRO5WvAwOsvRd6ugYg" alt=""><figcaption><p>Mint fee set to 0.01</p></figcaption></figure>

**Higher Mint Fee**

Creates a bigger band of bid and ask for the PIM, which leaves more volatility space for the secondary market with less arbitrage and supply changes.&#x20;

<figure><img src="/files/1H6gG9un8YhymweOjwVn" alt=""><figcaption><p>Mint fee set to 0.15</p></figcaption></figure>