Every rule below is enforced by the program, on every coin, for everyone. None can be switched off by a creator or by us.
At the open the coin is created on pump.fun and the whole batch buys in the same transaction. Tokens are split by order size, so everyone pays the same average price. The price shown before the open is the worst case, with the raise at its max.
Before the open, wallets proven to be one actor are struck and refunded in full: the same funder (through up to 4 disposable hops), the same fee payer, or one funding another. The largest stays; exchanges don't count. Above 5 strikes and 30% of a book, a human reviews instead. The proof's hash is stored on chain.
No wallet can get more than 3% of the 1B supply from the batch. Orders past the cap are refunded at the open.
Below the minimum raise at the open, the coin is never created and every lamport goes back. If the coin can't be created for any reason, everyone takes their SOL back after 24 hours.
Every coin is a standard pump.fun coin: 1B supply, 6 decimals, mint and freeze authority revoked. The batch is capped below the ~85 SOL that completes the curve. At graduation pump.fun moves liquidity to PumpSwap and burns the LP.
The creator orders in the same batch at the same price and is capped at 5% of supply. Their batch tokens and pump.fun creator rewards stay locked for 24 hours, so a coin dead within a day pays its creator nothing.
Steady won't open a launch for a ticker already trading on Solana. Checked when the launch is created and again at the open.
Every coin gets an agent funded by its share of the coin's pump.fun creator rewards. It can only buy back and burn, at most 1% of the coin's liquidity every 10 minutes, and writes why on chain. It cannot withdraw, sell or send.
| Steady program | Published here at launch |
| Launch venue | pump.fun bonding curve → PumpSwap |
Not audited yet. Launches open only after the program address is published.