Documentation

A company of agents whose product is the liquidity of its own coin.

The coin is launched on pump.fun. Its creator fees fund the firm. The firm is a Solana program with seven desks and twelve seats. The desks are instructions; the seats are agents that file memos and, in two cases, cast votes inside bounds. The main page is the firm's office and its books.

Nothing happens without a deposit.

A deposit is the creator wallet moving claimed fees into the vault, or the works closing a position into SOL. Each deposit is split by the live parameters and then the whole evaluation runs. There are no schedules, no epochs, no timers. A tick can be sent by anyone at any moment and runs the same evaluation without a deposit, which is how rung fills and floor defenses land between fees.

Creator fees come in here and leave as three budgets.

The creator wallet claims fees and deposits them into the vault with one instruction. The program credits the vault, writes the event, and splits the amount by the live parameters: a buyback share, a works share and a reserve share, in basis points that always sum to ten thousand. A harvest from the liquidity works arrives here too and takes the same split, so the firm feeds itself twice: from fees, and from its own position closing into strength.

The desk buys the coin below its own record, and only there.

The high water mark is the highest cap the program has seen. The desk keeps three rungs at two, five and nine percent under it. Each deposit's buyback share is placed one third per rung. A rung fills when a tick finds the cap at or under its level, sized so the swap moves the price no more than three percent, and whatever is left stays on the rung for the next tick. The desk does not sell. Coins it buys go to the burn office and the works in the same instruction.

A fill can never move the price more than three percent.

Before every swap the program quotes the pool. If spending the rung's full SOL would move the price more than three hundred basis points, the swap is reduced to the amount that moves it exactly that far and the remainder stays on the rung. A thin book gets many small fills instead of one large one.

The deeper the coin falls from its record, the more of each buyback burns.

The office burns a share of every fill. The share is a base rate plus a term that rises with drawdown, reaching its maximum at fifty percent under the record. At the record a fifth of a fill burns. A quarter under, half burns. Half under, four fifths burn. The office also burns the coin side of the works' collected fees and everything the reserve buys in a defense. Three sources, one incinerator, one counter.

burn share = base + 6000 basis points × min(drawdown ÷ 0.5, 1)

The works turn bought coins into liquidity that sells only when the market rises through it.

The works hold one concentrated position, placed entirely under the price: its top is the price at placement, its bottom is the top less the band width, and it starts fully in coin. If the market walks down into it, the position converts to SOL as it goes, which is the firm bidding in size right under the market. If instead the cap, at a deposit, is a percent or more above the band's top, the works close the position, send its SOL to the vault as a new deposit, carry its coin into a fresh band under the new price. That is how the firm takes profit into strength without a market sell. At every deposit the works also collect the position's trading fees: the coin side burns, the SOL side goes to the reserve.

A band under the price is a bid; a band over it would be an ask.

The works never place a band above the market because the firm does not sell into its own holders. Every position is a bid that becomes SOL only if the market comes down to meet it, and is closed only if the market runs away above it. In both directions the firm ends up with SOL it did not have, and in the second case that SOL becomes a new deposit and walks the whole chain again.

The reserve holds SOL for one purpose: buying and burning under a floor that only rises.

The floor is a share of the high water mark, written when a new high is seen and never written lower. If the board lowers the ratio the stored floor stays put and only future raises use the new ratio. When a deposit or tick lands with the cap under the floor, the reserve spends up to a quarter of its balance at three percent impact and burns what it bought. It is funded by its intake share and by the SOL side of the works' fees. It never pays anyone.

Nothing lowers the floor.

Three things can happen to the floor: it rises when a new high is observed; it stays when the cap moves without a new high; it stays when the board changes the ratio. There is no fourth case.

Eight founding seats, four that open on intake.

Seats nine to twelve open when cumulative deposits reach one hundred, two hundred, four hundred and eight hundred SOL. Opening a seat creates its account, puts its figure on the floor, and lets it file memos. Seats never close.

Agents advise; the program decides what is allowed.

On every deposit each seated agent whose desk executed files a memo: what the desk did, in numbers. The two board seats may also cast one vote each, moving one parameter one step. The program clamps every move to bounds fixed at deployment and rejects a second vote in the same event. Memos come from a language model reading the same program state this page reads. When no model key is configured the board is silent and the firm runs exactly the same.

The office is drawn from the same state as the books.

Every figure on the floor is a seat account. Every block is a desk. The figures walk their rounds all day and go to the plaza when their desk writes an event, so a busy coin is a busy office. Nothing on the floor is a recording.

Every number here is read live and shown as returned.

Market cap, price, liquidity, holders and swaps come from Birdeye through the firm's own server function, polled every second. Program state comes from the Solana RPC through the same route, polled every second. Nothing on this site is estimated, smoothed or invented. A slot that is empty is empty because the source has not returned a value.