How StreamPair works
Coins trade against creator tokens. Earnings from the separate STREAM coin fund creator liquidity.
StreamPair lets people launch coins priced in a creator’s token. A coin paired with KAI is bought and sold using KAI. Its value depends on both the coin’s price and KAI’s price.
STREAM is a separate coin planned for launch on Pons v2. All creator earnings actually received from that coin are reserved for creator-pool liquidity.
Launching a coin
- Choose a creator. Their token becomes the currency people use to trade your coin.
- Trading starts. A contract holds the supply and calculates prices as people buy and sell. This is called a bonding curve.
- The coin reaches its funding target. Trading moves to a pool holding both tokens. This move is called graduation.
The launch terms are fixed when the coin is created. A later change in the creator’s score does not rewrite that coin’s existing launch terms.
How liquidity works
Liquidity is the supply of tokens available for people to trade against. A pool holds two tokens: buyers take one out and put the other in. A liquidity position, or LP position, records a share of that pool.
Where the first liquidity comes from
The intended launch sequence starts with the creator token. Buyers purchase KAI with USDG on a bonding curve. Collected USDG and reserved KAI then fund the KAI/USDG pool. Virtual reserves set the starting prices; only real deposits can fund withdrawals. Connecting this creator launch to its managed pool is still being built.
MEOW then launches against KAI. Buyers contribute KAI, and collected KAI plus reserved MEOW fund the MEOW/KAI pool at graduation. That LP position is locked permanently. Any reserves that do not fit stay locked in the launch contract.
The planned purchase route is USDG → KAI → MEOW, with sales going the other way. KAI is an actual token in the trade, even when the app handles the intermediate step.
How creator liquidity is managed
The platform’s managed liquidity sits within a price range based on the creator’s score. When the score changes, a contract can move that range. It must stay within limits on losses and unused funds; otherwise the move fails and the old position stays in place.
A locked pool lets people trade. It does not stop the price from falling or guarantee that every trade will get a good price.
Who controls the liquidity?
LaunchLocker holds launched-coin LP positions with no withdrawal function. BandKeeper holds and moves managed creator liquidity, but cannot pay it out to an operator. People who separately add their own full-range liquidity to a creator pool can still withdraw their own positions.
STREAM earnings fund creator liquidity
The intended STREAM launch has a 3.5% trading fee, targeting 2.5% for creator-pool liquidity and 1% for Pons. These are proposed settings for STREAM trading on Pons, separate from fees charged by this launchpad. The actual earnings split depends on the verified Pons configuration.
All creator earnings actually received from STREAM go toward LP. There is no operations or reserve deduction.
This is the intended configuration. The Pons launch settings and actual payouts still need to be verified before going live.
Which pools receive it?
Creator/USDG pools, such as KAI/USDG. These pools connect creator tokens to USDG and support access to coins paired with them. MEOW/KAI receives its starting liquidity from its own launch.
How fees become liquidity
- Collect. Claim the platform coin’s earnings from Pons into a dedicated liquidity fund. Every collected unit is reserved for LP.
- Prepare both assets. Allocate a budget to an eligible creator pool. For KAI/USDG, use available KAI and USDG, or exchange part of the budget to obtain the required amounts.
- Deposit and lock. Add those assets to a platform-owned liquidity position. Only a confirmed deposit counts as added liquidity.
Funds awaiting a suitable deposit stay earmarked for liquidity. They cannot be used for salaries, servers, an operating reserve or holder payouts. Operating costs and transaction gas need separate funding.
Converting assets may involve fees and price impact, so committing all received earnings to LP does not guarantee that their full value survives conversion or later market changes. Deposits must stay within execution limits.
How is the money divided between creators?
Each eligible pool needs a published allocation and deposit limit before receiving funds. Those allocations are still to be set. Funds stay in the liquidity fund until an allocation is configured and a deposit can execute safely. Platform-token holdings and trading volume do not change a creator’s score.
More fee-paying trades can fund deeper creator pools. More holders alone do not generate fees. Added liquidity can reduce the price impact of trades, but does not guarantee a price or raise the streamer’s score.
Pons earnings must be swept into escrow before collection. Automatic claiming, restricted custody, asset conversion and recurring pool deposits have passed local tests. The deposit worker has also passed local tests. Live routing is not active yet. Read the Pons payout documentation.
Are these the same as existing creator-market fees?
No. Existing StreamPair launch and creator-pool fees have their own distribution rules. Earnings received from STREAM on Pons are a separate funding source. Existing locked LP assets and fees cannot be withdrawn to fund this program.
What sets a creator’s score
The score comes from streamer performance data. The service that brings that data onto the blockchain is called an oracle.
A slower update sets the creator’s liquidity range. A faster live update adjusts the reference price within it. Trading fees can encourage trades toward that reference, but buyers and sellers still set the market price.
Platform-coin volume, holder counts and treasury income would have no role in calculating the score. The platform coin’s fees fund liquidity; streamer performance remains the source of the score.
What happens when data stops updating?
Expired live data falls back to the slower reference. If the slower data is also unavailable or frozen, the creator pool uses its base trading fee and managed liquidity stops moving until valid data returns.
What is built today
The project has locally tested contracts for launches, trading, locked liquidity, creator updates and fee collection. The creator-liquidity system is still separate from the coin-launch system.
Pons claiming, restricted fund custody, conversion routes, recurring LP deposits and multi-creator scheduling are implemented and tested locally. They are not live. Public deployment, verified Pons settings, approved allocation policy and real-data score validation remain unfinished. Creator-token graduation and creator buybacks also need their remaining integration work.
Contract names for developers
- LaunchFactory & BondingCurve
- Create coins and handle initial trading.
- LaunchLocker & BandKeeper
- Hold locked launch liquidity and manage creator liquidity.
- SPIOracle & LiveSignalOracle
- Accept creator updates and supply price references.
- StreamPairHook & FeeEscrow
- Collect creator-pool fees and hold funded balances for recipients to claim.
- PonsFeeCollector & ConvertingLiquidityFund
- Claim STREAM earnings and route approved assets into locked creator liquidity.
- GraduatedSwapRouter
- Handle trades after graduation.