Docs
What the pad does, in the order it does it: the fee split written at the mint, the 10 SOL that buys a baby, and the round that pays a parent’s holders. Every figure here is read from the module the worker runs on.
The whole thing, in three lines
- Launch a coin here, one signature.
- When it earns 10 SOL in fees it has a baby, automatic.
- Half of the baby’s fees go to the parent’s holders, forever.
Coins that can’t be vamped.
When a coin has a baby
A coin has a baby when the pad has claimed 10 SOL of its trading fees since its last birth. The threshold is per birth, so it resets each time: what the bar on a coin page measures is always fees claimed since that coin’s last baby.
A coin has 3 babies and no more.
If nothing anywhere on the pad has been born for 48 hours, the bar drops to 5 SOL. It only ever falls: a birth does not put it back, because a coin part of the way to the lower bar would otherwise find itself part of the way to the higher one, which is progress taken away after the fact.
The pad signs the birth. Nobody asks for it and nobody can bring it forward.
Quiet, and gone
A coin is quiet when it has earned less than 0.1 SOL of fees in 24 hours. A quiet coin cannot have a baby. It keeps paying: a pool holding lamports owes them to the parent’s holders whatever the parent is doing.
A coin that has been quiet for 30 days is gone. Gone is quiet for longer, and it changes nothing else: it still cannot have a baby and it still pays.
Both are read from the series of fees a coin has produced, not from a flag anybody sets, so a coin that starts earning again stops being quiet by itself.
How a payout round is split
Rounds close at 00:00, 06:00, 12:00, 18:00 UTC. Through each round the pad reads who holds the coin, repeatedly. When the round closes, one of those readings is chosen by the blockhash of the first finalised block at least 40 slots past the close, which is a block the chain had not produced when the round closed.
Your weight is the smaller of what you held at that reading and at the previous round’s. The pool, less its rent floor and a fee reserve, is divided on those weights, pro rata.
A share under 0.0005 SOL stays in the pool with your name on it and is added to your next one. A pool under 0.1 SOL sends nothing and rolls into the next round.
The splits
| The coin | Its parent’s holders | Its own treasury | The pad |
|---|---|---|---|
| A coin with no parent | none | 85% | 15% |
| A baby | 50% | 35% | 15% |
A coin’s treasury is what funds its own babies, which is why a coin with no parent keeps the larger share of it.
The pad’s 15% buys the pad’s own token and burns it, every 1 hours. That ledger is public.
Every split is written into the coin at the mint and the admin is revoked in the same instruction. Nothing can edit it afterwards, and a coin page reads the split back off the chain so the claim can be checked rather than believed.
Who holds what
The pad signs every mint. Whoever launches a coin pays one flat fee and holds no fee share and no key.
A holder pool is an address that holds SOL and pays it out in plain transfers. No program, no token account, no deposit and nothing to approve: if a pool owes you, it sends.
Where every number can be checked
| Figure | Where it is checked |
|---|---|
| Fees a coin has earned | Its coin page, against the claim transactions on Solscan. |
| Distance to the next baby | Its coin page: claimed fees since its last birth, over the bar. |
| SOL paid to a coin’s holders | The round ledger, where every round carries its own transactions. |
| Which reading counted | The counted moment table: blockhash, block slot, readings, index. |
| What a wallet is owed | Its wallet page, per coin, with its weight in the last round. |
| A coin’s fee split | Its coin page, each address linked to Solscan. |
| Pad token burned | The burn ledger, with the buy and the burn for each row. |