pile

every coin gets its own wallet. fees stack collateral for its perp, buy back + burn the coin, and burn $PILE. all on-chain.

[pile @piledots]

every coin on pile launches with a perp attached.

you launch a coin. it gets its own wallet. its fees fund its own leveraged position. when the position wins, the coin gets bought back and burned.

that's it. that's the whole idea.

now for the nerds ⬇️

launch = one v0 transaction, compressed through an address lookup table: createV2 + your first buy + a fee-sharing config written at 7500/2500 bps between a freshly generated coin wallet and the $PILE burn wallet. the split is checked against chain state before the coin is ever listed.

each coin wallet's secret key is AES-256-GCM sealed under a master key the moment it's generated. it never exists in plain text at rest.

every 30 min a scheduled job calls distribute on every coin's fee sharing, pushing accrued creator fees out of https://t.co/tA6vGtjCFB into those two wallets.

every 5 min the engine walks each coin wallet's signatures, diffs its SOL and token balances per transaction, and books new fees into a per-coin ledger:

⅔ → collateral, ring-fenced from every other flow
⅓ → buyback queue

once the queue clears 0.01 SOL it routes through jupiter. if jupiter can't route a fresh mint, it falls back to a direct buy on the https://t.co/tA6vGtjCFB bonding curve. then burnChecked on every unit it bought, spl or token-2022.

the burn wallet runs the same loop on its 25%, aimed at $PILE.

the collateral is the perp's margin. when the perp engine switches on, every coin's collateral backs its own isolated position on the market its creator locked in at launch. wins come home 60 / 30 / 10: burn the coin, burn $PILE, ops. losses are recovered before anything counts as profit.

every claim, split, buyback and burn is logged with its signature on the coin's page.

or skip all that and remember the first line.

every coin gets a pile.

https://t.co/HUWzcX64f0