Cooking.City - A New Nation for Fair Launches
  • The Concierge
    • 🧑‍🍳 Welcome to Cooking.City
    • 🔥 What's Cooking.City?
  • Appetizer
    • 🍳 Token Kitchen
  • 🍽️ How to Trade
  • 🤞🏻 Conviction Pool
  • 🎓 Graduation
  • 👥 Referral System
  • Side Dish
    • 📄 Resources
    • 🤝 Partners
Powered by GitBook
On this page
  • 🧠TLDR for smoothbrains:
  • 🤔what even is this??
  • ⚙️how 2 use:
  • 🤩what happens next?
  • 👋🏻when it ends:

🤞🏻 Conviction Pool

we made a thing to protect u from getting absolutely destroyed 🍳

Previous🍽️ How to TradeNext🎓 Graduation

Last updated 1 day ago

🧠TLDR for smoothbrains:

  • devs put sol in pool (10+ sol, optional)

  • token graduates = traders get price floor protection

  • token no graduate = sol returns to dev

  • no more crying about rugs (well, less crying)

🤔what even is this??

  • tells you which tokens aren't total garbage

  • gives traders a price level safety net (still depends on price level and pool size)

  • makes devs actually CONVINCE something

⚙️how 2 use:

  1. dev adds conviction [optionally] when making token (min 10 sol)

  2. sets price floor (where liquidity is injected thru DLMM)

  3. sol gets locked up (no takesies backsies until conditions met)

🤩what happens next?

  • ✅ token graduates within 5 days = conviction pool activates

    • sol goes to DLMM pool at the set price floor

    • protection activated!!!

    • token starts trading on CPMM

  • ❌ token doesn't graduate in 5 days = sad trombone

    • convict sol returned to dev

    • no protection even if graduates later

    • much disappoint, very sad

👋🏻when it ends:

  • all sol are swapped = Conviction Pool closes

  • 5 days pass = remaining sol returns to dev

  • devs' swapped tokens are locked for 30 days on Streamflow — no instant dump