Every swap pays into the lode
Trading on the curve costs 1%. Half of every fee goes straight to the coin's lode as ETH, so the more it trades, the more it owns.
Every coin here owns real shares of a stock, bought with its own trading fees. When the shares go up, the profit is burned back into the coin.
A lode is the vein of ore under the ground. Every launch gets one: swap fees fill it, it buys the share on Uniswap, a rise is sold into a burn, and a fall only ever gets more shares. Read the full rules →
Trading on the curve costs 1%. Half of every fee goes straight to the coin's lode as ETH, so the more it trades, the more it owns.
Once the lode holds 0.01 ETH anyone can crank it, and it buys the share through the real Uniswap pool. Every claim after that buys more.
When the holding is worth +50% of what it cost, the lode sells 25% of it. 75% of that profit buys the coin and burns it.
The lode holds the shares outright, so there is no margin to call and no function that sells on the way down. A fall only means the next claim buys cheaper.
A coin can pick any of these. The price is the perpetual's mark on Lighter. The depth is the issued share token's own pools on Robinhood Chain, which is where a lode actually buys. Pick a row to launch against it.
| Market | Price | 24h | Open interest | |||
|---|---|---|---|---|---|---|
Pick a market, name the coin, and its lode starts buying the share as soon as it has earned 0.01 ETH in fees.