Docs / Using it / Trade the board
Trade the board.
The board lists every pool. New tokens price on the curve; graduated ones trade as an open AMM. 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. |
| Graduated | Open AMM on the same PoolId. Depth is the kept pool, compounding. |
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 active-traders share is metered on contemporaneous, non-wash activity.
The receipt · every tradeproposed
A 1.00% fee, split four ways, on-chain:
35
Operations
Platform, security review, oracle bond, infra
30
Creator
The launcher's perpetual cut
25
Active traders
Contemporaneous, non-wash
10
Buyback
Tops up the pool over time
Every share is routed on-chain and readable on the trade. Shares are proposed sim inputs, signed before launch.
Standing accrues as you trade
Non-wash activity over the weekly run accrues standing. Standing is a record of participation and a status.
This page describes the design. No mainnet pool is deployed. Every fee share is a proposed input, signed before launch.