Launch lifecycle
1. Create
Section titled “1. Create”An eligible creator pays the creation fee and calls the launchpad. It deploys a token and a dedicated gauge, mints the fixed supply to the gauge, and records the quote asset, curve parameters, fees, creator tax, anti-snipe settings, buyback preference, and infrastructure.
Current production supply is 1 billion tokens, with 80% for the curve and 20% for pool liquidity. The booster fraction is zero. The creator may include an initial purchase in the creation transaction; this is a paid purchase, not a free token allocation.
2. Trade on the curve
Section titled “2. Trade on the curve”The gauge prices buys and sells against tracked quote reserves. Buyers pay the base fee, any creator tax, and any applicable anti-snipe tax. Net USDC increases the curve’s reserve. Sellers receive quote proceeds after the sell fee and creator tax.
Fees are tracked separately from curve reserves. Trading volume is not the graduation target: sells reduce the reserve, and fees do not count toward the raise.
3. Graduate
Section titled “3. Graduate”The finishing buy attempts graduation automatically once less than one whole token remains in the curve allocation. The gauge uses its tracked quote reserve and reserved token allocation to seed the pool through its adapter. Direct donations do not change the planned starting price.
An oversized final buy can be partially filled; unused input is returned. Minimum-output protection still applies. The trade can revert if that minimum cannot be satisfied.
4. Trade in the pool
Section titled “4. Trade in the pool”After graduation, trades occur in Uniswap v4. The token address and wallet holdings do not change. The launch’s hook collects the post-graduation fees.
The current adapter permits third-party liquidity in registered graduated pools. The protocol’s graduation position remains locked. Graduation and liquidity explains the distinction.
Each launch keeps its terms
Section titled “Each launch keeps its terms”Changing the protocol’s target or anti-snipe default affects future launches. Existing gauges retain their snapshotted parameters. Always read the specific gauge; never use today’s factory default to reconstruct an older launch.
If pool creation fails, the final purchase can complete with graduation deferred. That state has a retry path and, after the defined stall period, an owner-enabled refund path. Access and recovery covers both.