the day
A timetable, enforced by a program.
00:00 · roll
23:00 · bidding closes
every tick is a possible burn: one buy per 15 minutes, at most 1% of the SOL side
- 00:00
the roll
Anyone can call
roll. The outgoing holder’s fees go to its ticket, the winner takes the seat for the new day, its bid moves to the burn pool, and the day’s reference price is recorded. If a winner’s whole day passes before anyone rolls, its bid goes back to its ticket instead. - all day
the seat
Every creator fee collected while a wallet holds the seat is booked to its ticket; claim it any time. With no holder, the day’s fees go to the burn pool. Fees can only be collected once the day has been rolled.
- all day
bids
Anyone can bid SOL for tomorrow. A bid beats the standing one by at least 5% (minimum 0.05 SOL). The beaten bid goes back to its wallet in the same instruction, or to its ticket if the address is not a plain wallet.
- every 15 min
the burn
Anyone can call
burn_curveorburn_amm. The burn pool buys the coin, at most 1% of the SOL side of the reserves, taking no less than 90% of what the reserves give, and the tokens are burned in the same instruction. While the price is more than 5% above the day’s reference, the burn waits. - 23:00
the close
Bidding for tomorrow closes. A bid in the last 10 minutes pushes the close to 10 minutes after it, never past midnight.
the code today
The program is upgradeable by its deploy key until it is frozen. Until then that key could replace every rule on this page.
There is no admin instruction and no fee to Rento.
worth knowing
- An uncontested day costs 0.05 SOL; anyone, including the launcher, can win a quiet day that cheaply.
- The holder also earns the creator share of the burn buys made during its day.
- Tickets cannot be closed, so their small rent stays. SOL sent straight to the seat joins the burn pool when anyone calls
sweep.