What happens if you are a Web3 company or protocol generating revenue fees in different tokens, across multiple chains, from thousands of accounts? Fee management becomes incredibly hard.
Manual collection, swapping, bridging, and distributing the fees is time-consuming, error-prone, and expensive. It often costs teams hundreds of hours and exposes them to risks from human error and volatile gas fees.
To manage revenue fees, many teams build custom scripts or internal tools. While this solves some of the challenges, it introduces new problems, such as relying on private data sources, server-stored keys, and manual intervention through regular maintenance, updating, and testing.
Some projects use centralized solutions, giving them whole ownership of the tokens and full access through the whole process. While this seems practical, it is definitely not DeFi-friendly, and the projects lose control of the funds, adding an extra layer of risk.
Even with skilled devs, internal automation drains valuable time and requires updates with every protocol change. You can’t just “set and forget” fee workflows.
Guess what…? There’s a better way: Mimic solution automates onchain fee collection across networks, securely, efficiently, and without sacrificing control.
Introducing Mimic Fee Collector
A fully automated, secure, and customizable solution trusted by industry leaders like 1inch, Balancer, Ledger, Trezor, Trust Wallet, or Velora, among others.
Projects and protocols can consolidate all their fees into a single asset with crosschain automation. This results in improved cost efficiency, reduced error risk, and, most importantly, the freedom to focus on strategic decision-making rather than day-to-day operations.
It is an end-to-end solution that collects, swaps, bridges, and withdraws to the designated address(es). You can define your own parameters like frequency, thresholds, and limits to fit your operations cycle.
Mimic Fee Collector includes real-time reporting features that provide structured, actionable data for each step of the process, enabling teams to make informed decisions efficiently. The reporting has been audited by EY, ensuring institutional-grade security and reliability.
The system is constantly checking when the client conditions are met, while being cautious of gas spikes (gas-efficiency), and controlling price against oracles to get a good price. Live across most EVM networks, with full security, customization, and easy integration in mind, all while running 24/7 to execute the conditions whenever possible.
For example, many projects decide to convert all their collected fees into a stable coin like USDC on a single network, for efficiency, cost savings, and also accounting benefits.
How Does it Work?
Mimic deploys a dedicated environment for each client, ensuring operational efficiency while keeping the system trust-minimized and reliable.
At the core of this architectural framework, the environment enables autonomous operations without interference. This means that users' tasks and components operate autonomously, without colluding or interfering with one another. Our deployment process ensures that different instances running on different chains can seamlessly interact with each other, eliminating the need for users to worry about crosschain interoperability.
There are five main tasks performed automatically in Mimic’s fee collection model:
- Collect from whitelisted wallets/contracts from multiple sources across networks into a smart vault.
- Swap at best prices, using top DEX aggregators with set slippage, thresholds, and gas costs (ie: we do not swap if the cost is above some % of the value being swapped).
- Bridge across networks using protocols like Socket or Circle’s CCTP Bridge.
- Withdraw to any recipient address specified (e.g., DAO multisig or community wallet).
Another key component of the system is the Splitter: divides/splits assets according to user-defined percentages. Can be placed at different points in the flow.
Some clients use it at the beginning, others during the swap part and others right before the withdrawal, highlighting the flexibility of this solution, adapting to many different operational needs and on-chain workflows.
Want to to learn more how you can integrate it? https://www.mimic.fi/fee-collector
Built for Wallets, DAOs, DEXes, and Beyond
Mimic Fee Collector helps projects automate on-chain revenue workflows. Instead of manually checking balances, swapping tokens, and bridging funds crosschain, Mimic handles it all behind the scenes, based on your rules.
For example, Velora (fka ParaSwap) used to spend hours every month managing protocol fees across seven chains. With Mimic, they now automatically collect and convert fees to wETH, and have custom distribution within the DAO every epoch. No manual work, no missed steps.
DEXes and aggregators use Mimic to make sure fees earned on one chain get swapped and bridged to a preferred chain in the right token, at the right time. Our smart simulations help pick the best moment to execute, saving costs on gas and slippage.
Wallet providers and custodial tools benefit from Mimic’s non-custodial setup. No more hot wallet risks, just secure automation with full control. And because everything is tracked and reported, it’s easier to share updates with your community or auditors. We provide a detailed report at the end of each epoch.
Whether you're running a DAO treasury or managing protocol incentives, Mimic Fee Collector saves you time, cuts costs, and helps you focus on what matters—building.
Fee Management With Full Customization
Within Mimic’s Fee Collector, users have the freedom to choose the destination chain where they wish to receive their consolidated fees. They can also customize the conditions for any executing bridge tasks based on individual preferences. For instance, users can opt to trigger the tasks once a specific threshold amount is reached on each chain, or they can schedule regular periodic executions.
Additionally, users can pick both the DEX swap and the bridge protocols they trust (from the ones we support), enabling them to bridge assets across protocols that align with their preferences and requirements.
Mimic's solution can be customized to meet each user's requirements by configuring:
- Roles and permissions of the parties involved
- Whitelisted DEXes and aggregators to execute swaps
- Threshold balance for triggering operations
- Maximum allowed slippage for swaps
- Destination chains to bridge assets
- Recipient address to send swapped fees back
- Destination token to swap all the fees
- Gas price limits per operation
- Maximum transaction cost percentage (instead of gas price)
Secure by Design
Mimic's solution is secure due to its trustless design, smart contract auditing, and robust permission models. Mimic is completely decentralized and non-custodial. Our built-in authentication and permissions system ensures that only authorized accounts can execute specific operations. Our Smart Contracts have been audited by Certora, Verlog, and independent auditors from Open Zeppelin.
End-to-end Solution & Dedicated Support Every Step of the Way
We work hard to provide a seamless integration experience, working alongside your protocol to ensure the implementation is easy, fast, and as pain-free as possible.
Since we have extensive experience working with Web3 protocols across multiple networks, we have developed a list of best practices that we follow to help you get the most out of your fee management structure!
How Long Does it Take to Get it up and Running?
After settling the final configuration details, the Mimic team will be fully responsible for setting up the required environment. The entire process should not take longer than a few weeks.
List of Supported Networks and Aggregators
Active across Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, Gnosis, Avalanche, Fantom, Aurora, Base, zkEVM, Mode, Blast, and Sonic. Coming soon to Solana!
Works with leading DEX/bridge aggregators:
- DEXes: 1inch, Velora (formerly ParaSwap), Kyberswap, Odos, Bebop, among others.
- Bridges: CCTP/Wormhole, Socket, Axelar, Symbiosis, among others.
Want to Build Your Own Fee Management Tool?
With our upcoming Mimic Protocol you will be able to create your own fee collection solution: https://docs.mimic.fi/use-cases-and-examples/more-examples/fee-collection
Mimic Protocol is a modular automation protocol that simplifies developing and scaling blockchain projects for Web3 builders. You can develop your own fee management tool with full control over onchain operations, automation logic, and execution.
You will be able to create your own operations (collect, swap, bridge, withdraw), and set the conditions you want, giving you the flexibility to build your own fee management solution.
Want to learn more? Visit https://www.mimic.fi/ or read our whitepaper/docs!
Wondering if Mimic Fee Collector Fits your Flow? Let’s Chat
Whether you're managing a DAO, running a DEX, or just tired of juggling tokens across chains, we’ll help you automate it safely and on your terms.
Mimic's ability to streamline fee collection across multiple chains empowers projects to focus on their core activities while effortlessly consolidating their earnings.
This not only simplifies financial operations but also enhances transparency and efficiency in managing protocol revenues.
Le'ts talk! https://www.mimic.fi/contact
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