It starts with Solana pool fees: LPs lock a Meteora DAMM v2 position in a program vault and sell its next settlements. You claim real fees every round and resell what is left.
It starts with Solana pool fees: own a pool's next settlements.
The position NFT goes into a program vault. You keep the principal and choose the share, the rounds and the price.
The position NFT goes into a program vault. You keep the principal and choose the share, the rounds and the price.
Five moments, each one a program instruction.
deposit_positioncreate_seriesThe LP moves the position NFT into a vault the program owns. Delegate bits are cleared to 0, fees earned before this moment are claimed to the LP in the same transaction, and a series goes up: share, rounds, price.
buyYou buy units at the listed price plus the 1.5% service fee. Until the first round opens, your payment waits in the series account and comes back in full if the series never opens.
settle_roundclaimOnce a round's minimum interval has passed, anyone can settle it. The vault claims the position's fees, the units' share is reserved, and every holder claims whenever they like.
fill_orderSell the units you hold with a signed order. The fill checkpoints the position first, so what accrued before the sale stays with the seller and only later fees move to the buyer.
withdraw_positionAfter the last round the series is complete and the LP takes the NFT back. The principal never left the position, and claims stay open after the end.
Each settlement writes a round record on chain. Its receipt shows the amount, the split and the transaction it came from.
Read all settlement receiptsRoundRecord.roundstart_ts / end_tsclaimed_bholders_bseller_bsettle txThe vault is an account the program owns. TYTHE makes two calls into Meteora: claim_position_fee at every settlement and, once at deposit, update_delegate_permission(0). No instruction in the program removes liquidity, splits, locks, closes or moves the NFT while a series is live.
withdraw_position sends the NFT back to your wallet.claim_position_feedelegate_permission cleared to 0 at depositWe are not building a launchpad token. TYTHE charges 1.5% on every primary buy and every resale of a right, and that fee is what $TYTHE is tied to. Each week, rebates and running costs come out first, a 15% reserve pays for settling every round, and what remains splits 40 / 30 / 30.
What happens when every onchain app can sell its future revenue here?
Every fill on that market pays the people who staked. Trade 3 times in a week while staked and 20% of your fees come back; 10 times, 30%.
In: 1.5% of every fill. First out: a 15% reserve.
Markets lists every live right with its pool, rounds left and what each round has paid.
It starts with Solana pool fees: LPs lock a Meteora DAMM v2 position in a program vault and sell its next settlements. You claim real fees every round and resell what is left.
It starts with Solana pool fees: own a pool's next settlements.
Channels: LP fees in SOL over 40 minutes, read from Meteora DAMM v2 pool accounts, Oct 23, 07:22 to 08:02 UTC. Card and receipts: one right replayed end to end on a copy of the DAMM v2 program, its round fees scaled from the RIV/SOL measurement.
300 units, cost incl. service fee · 3 settlement receipts
RIV/SOL0.192 SOL · LP fees, 40 min
300 units, cost incl. service fee · 3 settlement receipts
Channels: LP fees in SOL over 40 minutes, read from Meteora DAMM v2 pool accounts, Oct 23, 07:22 to 08:02 UTC. Card and receipts: one right replayed end to end on a copy of the DAMM v2 program, its round fees scaled from the RIV/SOL measurement.
Five moments, each one a program instruction.
deposit_positioncreate_seriesThe LP moves the position NFT into a vault the program owns. Delegate bits are cleared to 0, fees earned before this moment are claimed to the LP in the same transaction, and a series goes up: share, rounds, price.
The replayed right 50% of fees for 7 rounds, 1,000 units at 0.001964 SOL
buyYou buy units at the listed price plus the 1.5% service fee. Until the first round opens, your payment waits in the series account and comes back in full if the series never opens.
The replayed right 300 units for 0.5982 SOL, fee included
settle_roundclaimOnce a round's minimum interval has passed, anyone can settle it. The vault claims the position's fees, the units' share is reserved, and every holder claims whenever they like.
The replayed right 3 of 7 rounds settled, 0.3147 SOL claimed
fill_orderSell the units you hold with a signed order. The fill checkpoints the position first, so what accrued before the sale stays with the seller and only later fees move to the buyer.
withdraw_positionAfter the last round the series is complete and the LP takes the NFT back. The principal never left the position, and claims stay open after the end.
Each settlement writes a round record on chain. Its receipt shows the amount, the split and the instruction that wrote it.
Read all settlement receiptsRIV/SOL replay
0.083160102 SOL to holders
RIV/SOL replay
0.068869038 SOL to holders
RIV/SOL replay
0.162690790 SOL to holders
Channel width: LP fees, 40 min