One market · Two positions

Bet on the token.
Or bet on its volume.

The token has an LP. Now the LP has a token.
You could always trade the coin. Now you can trade its LP, the side that takes a cut of every swap, up or down.

Same coin. Two very different rides.

Replay · JUL 08 · 00:00
Held CASHCAT×1.00

Replay at JUL 08 · 00:00

Held lpCASHCAT · net redeem×0.99

Replay at JUL 08 · 00:00

Fee lift vs a no-fee LP+0%

×1.00 with fees / ×1.00 without

Historical replay, net of 0.30% mint and redeem fees · not a forecast · Methodology

lpCASHCAT is live now →
What you get

The LP, as a token.

Mint it to get in. Redeem it to get out. It lives in your wallet like any other coin, collecting its share of every trading fee.

Pool share · Multichain

lpTOKEN

A share of the TOKEN / ETH pool's liquidity

This token certifies that its holder owns a pro-rata share of this market's liquidity vault: its position, its idle assets, and its cut of every swap fee.

NAV / share
gross accounting, not a price
Shares outstanding
supply × NAV
Pool
Uniswap v4
Mint and redeem at any timeTransferable · ERC-20
How it works

Every swap pays the pool.
lpTOKEN is your share.

Every trade pays a fee to the pool, up or down. Tokens launched here charge 1%. lpTOKEN is a share of that liquidity you can simply hold. Mint and redeem anytime, at NAV. No ranges. No positions to manage.

A swapany direction
1% feepaid to liquidity
LP sharepro-rata · full range
lpTOKEN NAVaccrues to redemption value
The tokentrade on price
lpTOKENtrade on volume
You holdthe coin
You holda share of the pool's liquidity
It moves onprice
It moves onprice + fees − impermanent loss
In / outBuy / Sell
In / outMint / Redeem, anytime, in kind
Launch · permissionless

Launch the token and its liquidity together.

One transaction, two things to own: the token with its liquidity locked, and the market with its LP as a token. The creator gets zero lpTOKEN. The starter share is burned for good.

Schedule of issuanceOne transaction
01The tokenfixed supply · 1,000,000,000
03Permanent launch liquiditylocked forever
02Its marketnative ETH pool · Uniswap v4
04The lpTOKEN vaultfull range · protected bounds
Starting FDV · pool fee 1.00% · permissionless

Live markets.