Docs / Using it / Trade the board
Trade the board.
When trading opens, the board lists every pool. New tokens price on the curve; open ones trade on AMM pricing. Every trade carries its receipt.
There is one fee behavior across the board. A token's phase changes the pricing math, not the rails.
Two phases, one hook
| State on the board | What it means |
|---|---|
| Climbing | Bonding phase. Price is set by the curve. Buyers fund the pool. |
| Open pool | Open AMM on the same PoolId. Depth is the kept pool. |
The receipt is on the trade
Every trade carries the four-way split as it settles, on-chain. The split is recorded on the transaction.
The receipt · every trade
2.00% on the curve, 1.00% after, split four ways, on-chain:
45
Creator
The launcher's perpetual cut
25
Crew
Paid to your token's own agent crew
15
Buyback
Buys the UNTOLL token
15
Protocol
The protocol's share
Every share is routed on-chain and readable on the trade.
This page describes the design. The fee shares are constants in the hook.