How loam works

You launch a coin and people trade it. Every trade pays a fee. Half or more of that fee goes back into the coin. Everything else follows published rules, and every payment the platform makes leaves a public receipt.

Launching a coin

• Chain: Solana. Live on mainnet.
• Supply: 1,000,000,000, fixed. The launch transaction removes the power to make more.
• Pairs: SOL, USDC. Each pair shows its issuer risk before you launch. $LOAM pairs come later.
• Trading fee: 1%, 2% or 3%. You set it at launch and it never changes.
• Anti-snipe: the fee starts at 90% in the first second and falls to your fee within 10 seconds. Your own first buy in the launch transaction pays only your fee.
• Creator buy: up to 5 SOL of your own coin in the launch transaction. It is the first trade and everyone can see it.
• Ticker protection: for 24 hours after a launch, no other launch can use the same ticker.
• Graduation: a coin starts on a bonding curve at $4,000 FDV. Near $42,000 the curve is full and its liquidity moves to a Meteora DAMM v2 pool, locked for good.

The pools

loam does not run its own exchange. Before graduation each coin trades in a Meteora Dynamic Bonding Curve pool that uses loam's settings. After graduation it trades in a Meteora DAMM v2 pool. Trades on the coin page go straight to those pools from your wallet.

After graduation the fee falls as the price rises, down to 0.3% at 200 times the graduation price. It does not go lower. If the price falls, the fee rises again.

Where the fees go

Back to the pool (default)

Meteora takes 20% of every curve fee first. The rest splits like this, as a share of the whole fee:

• On the curve: the creator's share is paid by the Meteora program and claimed from the coin page. The pool share is claimed by the loam keeper, spent on buying the coin, and the coins bought are burned. Every buy and burn is a receipt with its transaction.
• After graduation: 50% at 1%, 55% at 2%, 56.6% at 3% of every fee compounds into the pool's liquidity, enforced by the DAMM v2 program. The rest goes to the locked LP positions: 33% to the creator, 67% to the treasury, after Meteora's protocol cut. The creator claims on chain from the coin page.

Paid to holders

1% on every trade. Holders get 65% of each fee, the treasury 15%, Meteora 20%. The creator gets no share, but is paid like any other holder if they hold the coin.

• Holders are paid in SOL once a day, in proportion to what they hold. A wallet with 2% of the holder supply gets 2% of the round.
• Holders do not claim. A payout under $1 waits for a later round.
• Pool vaults and the platform wallet are left out of the count.
• SOL pairs only, because payouts are in SOL.
• The amount changes with trading. It is not pay, interest, a dividend or an investment return. No amount is promised.

What the chain enforces, and what it does not

Anything the chain does not force, the keeper does on a schedule and logs. If a number cannot be shown with a receipt or chain data, it is not published. See every receipt.

Addresses

Every number on this site can be checked against these accounts.