Fixed supply
The launch token is intended to mint its full supply once. Launch mechanics do not include later minting, transfer taxes, blacklist controls, or hidden allocations.
Mechanics, fees, and risk
Verify the promise. Do not trust a label.
The production interface will expose contract versions, direct reads, event-derived accounting, and explorer links so users can inspect what each launch actually did.
Direct market
A launch creates one TOKEN/USDC concentrated-liquidity market. There is no temporary bonding curve and no migration into a second pool.
Permanent principal
The launch position is transferred to a locker designed without a decrease-liquidity or principal-recovery path. Fee collection is separate from principal.
Graduation
Graduation is a read-only status view based on the locker’s canonical paired USDC principal. It can rise or fall as the position changes; there is no irreversible finalization transaction, and trading continues in the same market.
Every deduction belongs in the simulation.
Launch fees
V1 launches start at 2 USDC. After approximately the growth phase, the Governance Safe can manually call setLaunchFee(5e6) for future launches; there is no automated launch counter. The current launch fee routes to the Treasury Safe.
Trading fees
The V1 concentrated-liquidity tier is 1%. The growth target is 90% creator / 10% protocol; after Governance manually calls setProtocolFeeShare(30), future launches target 70% / 30%. The LP-fee share is snapshotted at lockPosition, so the transition boundary is approximate and earlier launches retain 90% / 10%.
Principal vs fees
Collectible fees must be accounted separately. Claiming fees must not decrease the position liquidity or unlock paired principal; the canonical paired principal remains the source of graduation progress.
Production gate
What must be true before a launch can sign
- Arc chain ID and USDC verified by direct reads
- Approved AMM addresses and bytecode pinned in a deployment manifest
- Launch transaction simulated against current state
- Token, pool, locker, fee split, and creator actions shown for review
- Independent contract review and audit gates completed