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How it works

CurveGraduateLocked forever

Flow

1
Launch
CREATE2
2
Curve
x·y=k
3
Graduate
4 ETH
4Rug-proof
Uniswap v4
Locked forever

3 steps

1

Trade on the curve

Buys push the price up, sells push it down. No order book, no market maker.

  • Price is set by the formula x·y=k
  • A phantom reserve keeps the starting price above zero
  • Anyone can trade from the second it launches
2

Graduation

At 4 ETH raised the curve closes and the token moves to Uniswap v4.

  • The buy that crosses the threshold closes the curve; reserves are swept to the factory (Swept)
  • Anyone can send the pool-creation tx (createGraduatedPool)
  • Between sweep and pool creation the token can't be traded (waiting)
  • Pool creation can be retried; a reserve rescue path opens after 7 days
3

Locked forever

The liquidity NFT is locked in a locker contract permanently. Rug-proof.

  • Nobody can withdraw it, the team included
  • Part of the fees buys back $WOW, vesting linearly over 5 years

Fees

Taken from the ETH legSnipe tax halves every secondPlaceholder
ItemRateGoes to
Launch0 ETHProtocol
Curve1.00%Protocol + $WOW buyback
Creator tax0.50%Creator
Post-graduation swapv4 hookCreator + protocol + buyback

Protocol revenue

70%$WOW burn20%NFT floor10%Ops

ETH revenue only. Split by the RevenueSplitter contract.

What you are trusting

Anyone can verify the contracts, but trust in the operator is not zero. Here is what you rely on.

  • Post-graduation creator revenue arrives via the operator's sweep. v4 pool fees accumulate in the hook until the operator key (feeSweepOperator) or the creator moves them to the payout contract; converting the memecoin-side fees is operator-only. If the operator stops, creator revenue sits in the hook (it is not lost).
  • The 70/20/10 split can be retuned. The RevenueSplitter owner can change recipients and shares with immediate effect, except that the $WOW burn share has a 50% floor.
  • "No withdrawal path" assumes honest operation. The burn contract has no withdraw function, but nothing stops an operator key from buying back at a price it moved itself. A per-call ETH cap, a minimum interval and a price-impact bound keep what can be extracted per hour capped.
  • The owner has rescue powers. Recovering stuck fees, overriding a creator's payout address after a 3-day delay (a creator holding their key can void it by moving the address themselves), reclaiming swept reserves 7 days after graduation. The owner is meant to be a multisig behind a timelock.

Risk

  • Memecoins are extremely high risk. Most never graduate and can go to zero.
  • Price follows the curve formula. Sell right after a big buy and you take a big loss.
  • Smart-contract bugs, chain outages and other technical risks are always there.
  • Graduation doesn't finish on its own. Until the pool-creation tx lands the token can't be traded (anyone can send it).
  • Unauthorized third-party IP can be stopped at the chain level. Well-known anime or game characters can be blocked or frozen after a rights-holder complaint or by the chain operator (it has happened on Soneium). WOW may also hide them. Original or licensed material only.
  • Not investment advice. Do your own research (DYOR) and only play with what you can afford to lose.
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