a pad on Meteora DBC · Solana
The skim goes
to the bowls.
A pad usually keeps its share of the trading fee. Here the cook claims it and ladles it out in SOL to the people holding $LADL, pro-rata to their balance. Every round goes on the ledger.
skim on every curve trade
of the skim goes to holders
of the skim kept by the cook
of the LP locked after graduation
Two pots, two splits
Each coin has its own pot (DBC config) with its own fee. The split of every trade fee, as a share of the whole fee:
$LADL
fee 0.5% per tradeMeteora 20% · holders 80% · cook 0%
The house coin. The cook keeps none of the fee. First buy 0.15 SOL by the cook. LP after graduation 100% permanently locked.
$BRTH
fee 1% per tradeMeteora 20% · holders 40% · cook 40%
The partner share is cut in half: 50% to holders, 50% kept by the cook (deployer) wallet. First buy 0.5 SOL by the cook. LP after graduation 100% permanently locked.
One round, four steps
Skim
Every trade on the $LADL curve pays 0.5%. Meteora keeps 20% of that. The other 80% sits in the pool as the partner share.
Claim
The cook wallet claims the partner share, plus the SOL fees of the locked LP once the coin graduates. On $LADL nothing is kept back except network fees; on $BRTH the cook keeps half of what it claims.
Count the bowls
A snapshot of every $LADL token account. The cook wallet and program-owned accounts (the curve, the pool) are left out. Each remaining wallet's share is its balance over the total.
Ladle
SOL goes out pro-rata in batched transfers. A share under 0.001 SOL waits in the pot for the next round. The round is written to the ledger with every signature.
The curve
- supply
- 1,000,000,000 $LADL, mint + freeze authority revoked
- opens at
- 24 SOL market cap
- graduates at
- 288 SOL market cap (64.515 SOL in the curve)
- to the pool
- ~22.4% of supply + the curve SOL, into Meteora DAMM v2
- pool fee after
- 0.5%, collected in SOL only
- first buy
- 0.15 SOL by the cook, same transaction as the launch
The lid
When $LADL graduates, the LP position is minted to the cook wallet and is 100% permanently locked: 0% unlocked, nothing the cook or anyone else can withdraw. The position still earns the pool fee in SOL. The cook claims that fee too, and it goes into the same rounds.
LP burnt: ✗ (Solana has no burn for a DAMM v2 position; permanent lock is the equivalent, readable on-chain)
Ladled so far · $LADL
reading the ledger…
Ladled so far · $BRTH
reading the ledger…