Protocol
Protocol 3.1 · registry templates and pinned parameters.
The base layer: what every launch includes
These rules belong to the protocol itself. A template may tune parameters such as thresholds and caps, but no template can remove them.
Stage 1 carries no downside
Every launch begins with incubation. Each position can be exited at its exact cost, with zero fees, until the listing transaction executes. On Budget Launches an executed budget reduces every claim proportionally.
A treasury governed by vote
Every fee goes to the launch's own treasury, together with 10% of supply that unlocks over five years after listing. Each spend is a proposal and a vote: by contributed capital before listing, by token holders after.
Dissolution returns everything
A project that does not graduate is dissolved and every position claims its full cost. After the Stage 1 minimum, the team may also dissolve it early and return later with a new version.
Move between projects in one transaction
Positions in projects that have not listed, and dissolution claims, move straight into another project's Stage 1. No withdrawal in between, one transaction, one fee.
The team cannot reach escrow
On an Escrow Launch no function lets the team withdraw the raise. On a Budget Launch the only path is a capped draw that backers vote through.
Founders buy on the same terms
There is no free allocation. Team purchases follow the public curve, are capped at 10% of supply, and vest for three years after a one-month cliff.
Terms are fixed at creation
The template version, price curve, schedule and treasury are pinned when the launch is created and cannot change afterwards.
Listing liquidity stays locked
Liquidity added to Uniswap at listing is owned by the launch contract and can never be withdrawn; only its trading fees are collected, to the treasury.
The analyst can only delay
The AI analyst may delay Stage 1 within a fixed budget. It can never approve a launch or move funds.