🤞🏻 Conviction Pool
we made a thing to protect u from getting absolutely destroyed 🍳
Last updated
we made a thing to protect u from getting absolutely destroyed 🍳
Last updated
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)
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
dev adds conviction [optionally] when making token (min 10 sol)
sets price floor (where liquidity is injected thru DLMM)
sol gets locked up (no takesies backsies until conditions met)
✅ 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
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