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For traders
Trade on the launch's curve (Raydium LaunchLab, pump.fun or Meteora DBC), then the pool it graduates to, priced in the launch's quote asset; the vault trades against you inside published rules.
Where the coin trades
Backstock coins are ordinary coins of their launchpad’s venue: a Raydium LaunchLab, pump.fun or Meteora DBC bonding curve until graduation, then the pool the curve moves into (Raydium CPMM, PumpSwap or Meteora DAMM v2). The badge on each launch names its launchpad. You pay and receive the quote asset: a coin priced in NVDAx is bought with NVDAx.
| Launchpad | Curve fee, every buy and sell | Graduates to |
|---|---|---|
| Backstock | 1.25%: 0.25% Raydium · 0.5% Backstock · 0.5% to the launch | Raydium CPMM |
| StonkFun | 1.25%: 0.25% Raydium · 1% StonkFun · nothing to the launch on the curve | Raydium CPMM |
| bonk.fun | 1.5%: 0.25% Raydium · 1.25% bonk.fun · nothing to the launch on the curve | Raydium CPMM |
| Raydium | 1.05%: 0.25% Raydium protocol · 0.75% Raydium platform · 0.05% to the launch | Raydium CPMM |
| pump.fun | 1.25%: 0.95% pump.fun protocol · 0.30% creator fee to the launch | PumpSwap |
| Meteora | A flat fee set by Backstock's own config: Meteora's protocol keeps 20% of it, the launch collects the rest | Meteora DAMM v2 |
The trade panel shows the fee the venue charges now. After graduation the pool charges its own fee; the launch’s share of it is collected and split by the launch’s frozen split (by default 75% vault · 15% buyback & burn · 10% backers; the coin’s page shows its own). Quotes carry a slippage minimum: if price moves past it while you sign, the transaction fails instead of filling worse.
Reading prices
- Quote first, dollars beside. Prices and market caps show in the quote asset with the USD value next to them. The chart can switch between the two.
- “vs NVDA”. For stock-quoted coins the change line also shows the move relative to the stock, so the coin’s own move reads apart from the stock’s.
- Market closed. When the stock’s market is shut, the dollar value uses the last print and says so. On-chain trading in the quote asset carries on; the dollar figure catches up at the open.
Reading the band
The chart shows the EMA and the agent band edge one band above it. Cyan marks are vault-agent trades. It sells only at the band edge or higher and at a fill above the vault’s cost plus the band. Buys have no price limit on-chain: its own policy buys dips off the recent high (by default at least 15%), and the program bounds them by the per-window buy budget, the max impact per trade and the vault floor (older launches may also cap sells per window). Buys can lose quote if the price keeps falling. Every agent trade is a Trade event, tagged in every trades table. See the vault agent.