Advanced Settings

Harvesting fees may involve a series of transactions that need to be signed and sent to the Solana network. To simplify this process, Onlytax offers an optional setting where users can enter the private key of the withdrawWithheldAuthority, eliminating the need for manual signing.

For instance, imagine a popular token with around 10,000 token accounts that have withheld fees. Since only 25 token accounts can be processed at a time due to Solana's transaction limits, the token creator would need to sign 400 times. By entering the private key, this entire process can be automated, with everything happening seamlessly in the background.

The private key remains confined to the current browser session and is never transmitted to the WebSocket server. We don’t store it in local storage either. Once the browser tab is closed or the page is refreshed, the key is automatically erased from memory.

Lastly, we give users the option to set a priority fee, enabling faster transaction processing. Onlytax will suggest an optimal amount to ensure transactions are completed as quickly as possible. This recommendation is based on data from the most recent 100 blocks.

The value 0.000002 you see in the above screenshot is the total SOL you would pay (incuding the priority fees) for each transaction.