Quoted in a small cap, not a stablecoin.
The launchpad issues tokens whose quote asset is a ticker the oracle feeds. It is the highest-volume product and the least durable one, and it is described here as exactly that.
A distribution surface for the feed.
Every launch pair is a continuous, public bet that the feed is correct, which is precisely the property the oracle needs demonstrated in front of prospective subscribers.
When the quote asset is a fed equity rather than a stablecoin, the pair reprices on every published round. Liquidity providers are exposed to the feed directly, mispricing shows up in arbitrage flow within seconds, and a frozen feed freezes the pair.
The protocol does not represent that launched tokens have value, utility, or a relationship to the referenced company. The equity is the unit of account for the pair and nothing more.
How a launch is structured.
The issuer picks one fed ticker as the quote asset. Only tickers with a publishing feed and a depth score above the launch floor are selectable.
Issuance runs on a bounded curve denominated in the quote ticker, with the full parameter set written on-chain before the sale opens.
If the quote ticker's feed freezes, the pair halts. There is no fallback price and no discretionary override.
Proceeds settle to the issuer in the quote ticker's synthetic balance. Converting out is the issuer's own action through the venue.
Issuance and routing fees are collected in the quote asset and enter the same weekly waterfall as feed and venue revenue.
Only what the oracle already feeds.
| Quote ticker | Company | Realised depth | Launch eligible |
|---|---|---|---|
| VRTX.D | Vertane Dynamics | $180,000 | eligible |
| KLSR | Kelsor Mining | $95,000 | below floor |
| OPTG | Optigen Labs | $320,000 | eligible |
| BRNW | Brennwall Industrial | $140,000 | eligible |
| HYDX | Hydrex Systems | $460,000 | eligible |
| SVLN | Silvane Corp | $42,000 | below floor |