When Web3 protocols and applications generate revenue fees across multiple chains and tokens, the finance and operations teams need to convert all those fees into something more manageable, such as stablecoins, to pay salaries, distribute profits, and pay taxes, among other uses.
The more networks, tokens, and wallets involved in the process, the more complicated it becomes. There are several steps involved: collecting the fees, swapping them, bridging, and distributing all those tokens into one or multiple wallets.
Why Managing Fees Manually is Difficult and Time-consuming
Today’s multi-chain market results in significant operational challenges around the management of revenue fees:
- Complexities due to the diversity of tokens, prices, and networks
- One of our customers has regularly more than 2,700 tokens only in the Polygon network
- Manual operations increase the risk of mistakes and delays
- Another customer automated only 80% of their flow, and they still made a mistake in the final step of the workflow, causing a loss of funds
- “Long-tail token problem”: only selling the main tokens in order to avoid the tedious task of selling every single token manually
- A lot of clients only sold major tokens (ETH, USDC, USDT, WBTC, etc.), which made up 70% of the volume, wasting a high percentage of potential revenue (30% of volume) and leaving it in illiquid tokens that lost value over time
- Requires constant checks and vigilance over market conditions
- Some of our clients used to spend too much on gas costs while manually doing this, due to bad operation timing (e.g. needing salaries at the end of the month)
- Operational overhead and security risks add up fast
- Time-consuming and monotonous, preventing valuable team members from focusing on more critical engineering tasks
- For example, the Balancer team used to spend 8–10 hours every two weeks on v2 to swap fee tokens manually
“Integrating Mimic's Fee Collector into our operations has been a game-changer. It completely automated how we handle fee management across multiple integrations, eliminating hours of manual work.”
Ledger
Introducing Mimic Fee Collector
Our fee collection solution empowers teams to automate the process: consolidating assets from multiple chains into a single token and destination, in a secure manner.
Collects your fees anywhere → swaps them at the best price and in the correct time → bridges with complete security → withdraws to your destination address/es in one token (instead of 1000s).
End-to-end automation that adapts to every client’s specific use case.
Different than protocols that might share the same smart contracts to manage the assets of several clients (e.g., Pools), Mimic deploys a dedicated environment for each client:
- The privacy feature adds a higher level of security, as only authorized entities can access these smart contracts, thereby shielding client assets
- Customers always retain full control over their assets since each environment is fully non-custodial and isolated
- This approach ensures operational efficiency while maintaining trust and reliability
“Mimic […] manages our fee collection with precision and reliability, eliminating manual overhead and reducing operational risk.”
Trust Wallet
With over $7B of value processed, Mimic Fee Collector is a battle-tested and reliable solution for onchain fee management:
- Trusted by leaders such as Balancer, Ledger, Trust Wallet, Velora, and more
- Live across all major EVM networks and Solana
- Offers extensive reporting, giving businesses the information they need to make better decisions
- Provides world-class service for customer support, reporting, and ongoing maintenance
“The comprehensive reporting adds another layer of confidence for our team and stakeholders.”
Ledger
“Their team continues to provide top-tier support whenever we need it.”
Trust Wallet
How Customers Managed Onchain Fees Before Mimic
Fee management was typically a task assigned to the finance team, often without in-depth knowledge of crypto markets, as they needed to handle revenue and financial projections. Before adopting Mimic Fee Collector, many teams relied on a mix of manual transactions, internal scripts, and centralized providers to manage their fee operations.
- Most teams were doing manual fee collection, tracking down the revenue tokens across wallets, executing swaps, bridging, and transferring repeatedly
- Others built custom in-house tools or scripts that required constant maintenance, engineering time, and lacked the flexibility to adapt to evolving use cases.
- Lastly, some relied on centralized services that introduced security vulnerabilities and access control problems.
“This helped us scale the business and improve our financial operations.” Velora (formerly ParaSwap)
All these approaches worked on their own, but were time-consuming, error-prone, difficult to scale as protocols grew across chains, or involved third parties temporarily taking control over company assets.
Why Switch to Mimic Fee Collector Instead of Handling Fee Collection In-house
We've spent years helping teams automate fee collection across all kinds of setups. That experience lets us move fast, adapt to any business requirements, and deliver a solution that just works. No matter how complex the need, our system is built for customization, security, and scale, so you can focus on strategy, while we handle the operations.
Aside from execution, our fee collection solution helps teams streamline their management flow, providing structured data for each step of the process. Clients can select from multiple of parameters to customize their environment tasks, while always remaining in control of their assets.
The Mimic team configures shared parameters, including token management, slippage tolerance, transaction limits, transaction cost thresholds, fee claiming, permissions, execution settings, and more, based on customer instructions.
Clients also have the flexibility to set thresholds, slippage, or timing themselves, allowing detailed customization and strategic oversight. It’s worth noting that all these parameters can be changed anytime, based on the client/business needs.
Every single one of our customers has access to a world-class integration team and customer support, addressing any issue that may arise and ensuring every dedicated environment remains up to date for optimal performance.
“The ongoing support from the Mimic team is impeccable — working with them is a sheer pleasure.” Velora (formerly ParaSwap)
“Their consistent professionalism, reliable execution, and seamless integration have made Mimic a trusted part of our infrastructure.” Balancer
What Our Customers Say (Full Testimonials)
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