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useUpdatePlatformFees

Hook for updating platform fees on a smart contract.

Available to use on smart contracts that implement the PlatformFee interface.

import {
  useUpdatePlatformFees,
  useContract,
  Web3Button,
} from "@thirdweb-dev/react";
 
function App() {
  const { contract } = useContract(contractAddress);
  const {
    mutateAsync: updatePlatformFees,
    isLoading,
    error,
  } = useUpdatePlatformFees(contract);
 
  return (
    <Web3Button
      contractAddress={contractAddress}
      action={() =>
        updatePlatformFees({
          platform_fee_basis_points: 0,
          fee_recipient: "{{wallet_address}}",
        })
      }
    >
      Update Platform Fees
    </Web3Button>
  );
}

Parameters

Returns

A mutation object to update the platform fees settings

const { mutateAsync, isLoading, error } =
  useUpdatePlatformFees(contract);

options

The mutation function takes an object with below properties:

platform_fee_basis_points

The platform_fee_basis_points property is a number between 0 - 10000 that defines the fee rate.

This number is in percentage points. i.e. 100 is a 1% fee and 10000 is a 100% fee.

fee_recipient

The fee_recipient property is the address of the wallet that will receive the fees.

Use the useAddress hook to get the current wallet address.