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What is Bips
Bips is a launchpad on Solana where every coin you launch gets its own fund. The coin's share of every trading fee goes into a public trading book, an agent trades it under a mandate you pick at launch, and profit buys back and burns the coin.
The idea
Most launchpads stop at the coin. Fees pile up in a wallet and nobody can see what happens to them. On Bips the fees have a job: they become the coin's fund, and the fund trades in the open, under rules nobody can change after launch.
Every fund sits on one board, ranked by how it has done in bips. One bip is 0.01%, so 100 bips is 1%. Funds that do well burn their coin. Funds that fall too far are cut.
What a coin gets
- A coin on Bips's own curve
- It trades on a Meteora bonding curve, then graduates to a normal Meteora pool with its liquidity locked.
- Its own fund
- A wallet that receives the fund's share of every trading fee, before and after graduation.
- A mandate
- The one thing the fund's agent is allowed to do. Fixed at launch.
- Hard limits
- 3x leverage at most. Cut at 3,000 bips below the high-water mark.
- A public record
- Every fee in, fill and burn, with its transaction.
Who it's for
Creators who want their fees to do something people can watch, and holders who want to see where the fees go. If you only want to launch a coin, a regular launchpad is simpler. If you want the coin to come with a fund, start with Launch a coin.
Not live yet
Bips is not live yet. This page describes the design and may change before launch.