The initial rule was that calls couldn't be sold after a token with options enabled surpassed 1m.
Looks like these things need to change ๐
Shipping shortly.
Reprice.
Today the lowest rung always costs 13.9% of its strike notional. That was tuned for strikes 50% out. Strikes closer to the price finish in the money more often, so they need higher premiums.
Reprice.
Today the lowest rung always costs 13.9% of its strike notional. That was tuned for strikes 50% out. Strikes closer to the price finish in the money more often, so they need higher premiums.
Anyone want to take our risk off our book? We've listed the call option bought earlier for 0.1 SOL available in the marketplace.
https://t.co/wvBHww7xh5
https://t.co/3fmDrrfZHx
Current rules upon launch:
- Per wallet: at most 2M tokens of open calls per coin. A buy past that is refused
- Per purchase: at most 5% of the stake's cover in a single buy.
- Per 24 hours, and open at once: scales with the stake. At 5% that's 49.7M tokens per day.
- Per hour: no limit while strikes are at their floor. Once the market cap lifts the strikes, 2.5% an hour.
- Market-cap stop: new call sales stop at a $1M market cap.
By launching, you bought 5% for the vault to be able to issue call options for your token.
If you're token doesn't bond in the next 72 hours then the vault sells it's tokens.
We'll see if we can get this resolved for you any earlier but everything has been disclosed in our documentation.
Dev wallet fees have been swept into the vault which are then used to buy options after the initial 5% vault runs out.
over 17.5 SOL in fees is now being used as collateral.
https://t.co/RTpYqvgl2M
After a 0.5% protocol fee, call premiums go to the coin's vault, and half of that buys the coin on PumpSwap. Every option sold is buy pressure on the coin itself.
The added benefits of launching on POC are not only that a new layer of leverage is introduced to a token launch, where traders can manage their risk more systematically but also POC launches introduce a new minimum market cap / floor for token launches.