No programs are deployed yet. Every coin, price, reserve balance and yield figure below is invented placeholder data. Nothing here is on chain, and nothing here is tradeable.

Plainly, with the risks in the same type size as the pitch.
A creator launches a coin. It trades against USDC on a bonding curve. There is no order book and no external exchange — the curve is the market, permanently.
Every buy and sell pays 30 basis points. The fee is taken on top of the trade rather than out of the curve, so the curve maths stays clean and the reserve only ever grows. A 100 USDC buy sends 100 USDC to the curve and 0.30 USDC to the reserve.
Each coin has its own reserve vault, which holds a yield-bearing asset. 80% of what it earns goes to holders and 20% funds the protocol.
They do not claim anything. There is no airdrop, no staking contract, and no rebase. The yield reaches holders through the price.
The curve will never quote a sell below the floor. If the market price falls under it, sells fill from the reserve instead. So the coin has a hard price the reserve guarantees, and that price rises every time the reserve grows — from trading fees and from yield.
A holder who buys and does nothing for a year sells into a higher floor than the one they bought against. That is the whole product.
A per-holder accumulator needs a transfer hook on every move, which is expensive and fragile. A merkle claim needs the holder to sign. Rebasing is not native on Solana and breaks integrations. A floor costs nothing per holder, needs no action, and is verifiable from chain state alone.
There are two live adapters and a coin's page always names which one backs it. They are not equivalent and we will not blur them.
A note backed by short-duration US Treasuries and bank demand deposits. Your exposure is to the issuer and to the underlying collateral. Transfer and redemption can be restricted by the issuer, and on-chain liquidity for these assets is thin — which is why the amount any single reserve may hold in one is capped.
USDC lent into a permissionless Solana lending market, held as a receipt token that appreciates against USDC. Deeper liquidity and often the higher yield of the two. Your exposure is to smart-contract failure and borrower default. This is not a government-backed instrument and we will never present it as one.
Changing a coin's adapter requires a timelock that runs in public. It cannot be skipped.
The reserve program has no instruction that sends assets to an arbitrary address. Not for the creator, not for a holder, and not for us. The only two exits written into the program are the fixed protocol share and the floor buyback path.
This is a property of the code, not a promise in a document. It is tested by a suite that tries every drain path — including as the upgrade authority, and including a counterfeit curve program calling the deposit instruction — and must fail on all of them.
These are the ways you lose money. Read them before you trade.
The floor backs only part of the price. On a young coin it backs almost nothing. Everything above the floor is speculation and can vanish.
Thirty basis points of thin volume earning four percent a year is pennies. A coin needs real, sustained volume before its floor is worth anything. The backed percentage is shown on every coin so you can judge this yourself rather than take our word for it.
A lending market can be exploited. An issuer can restrict redemption or freeze a token account. If the adapter loses value the reserve loses value, the floor stops rising, and it can fall between epochs.
Audits and tests reduce this. They do not remove it. At launch there are hard per-coin and global caps on reserve size, precisely so a bug cannot cost more than a bounded amount.
Both the curve and the reserve are denominated in USDC. A depeg breaks both at once. There is a price sanity check and a circuit breaker, but a breaker stops trading — it does not restore value.
A token passing through a return from Treasury instruments may be treated as a security in some jurisdictions. Access may be restricted without notice.
Every reserve figure on this site links to the account that holds it. You do not need our API to check a balance. Read the vault account on any Solana explorer, divide by the circulating supply, take 80%, and you have the floor.
If our number and the chain's number ever disagree, the chain is right and we have a bug. Tell us.