How Outset works

Creating a coin

• Choose a name, ticker, image, a short description and optional links. They're published as standard token metadata and can't be changed later.
• One transaction creates the coin and its bonding curve. Supply is fixed at 1,000,000,000 tokens; the mint and freeze authorities are revoked, so nobody can mint more or freeze holders. You can make the first buy in the same transaction.
• Outset builds the transaction without any keys, simulates it, and checks it again in your browser before your wallet opens. Only you sign it.
• A coin appears on Explore only after its launch is confirmed and verified on-chain.

Trading on the bonding curve

Each coin is paired with one asset, chosen at launch (SOL on Mainnet); prices, fees and the target are in that asset. The curve is a constant-product formula: buying raises the price, selling lowers it. 79.31% of the supply is sold along the curve.

Every quote is an estimate from live pool state. Your slippage setting caps how far the price can move against you before the trade fails.

Graduation and liquidity

• A coin graduates when its curve has raised 85 SOL. The raised funds and remaining tokens move into a Raydium CPMM pool automatically, and trading continues there.
• The pool's liquidity is 100% locked under Raydium's Burn & Earn: it can never be withdrawn. The LP is locked, not burned; the Fee Key that collects the pool's LP fees goes to Outset's platform wallet.
• After graduation the pool's swap fee and pool creator fee replace the curve fees. Outset doesn't route pool trades yet.

Creator fees

On the curve, the creator earns 0.25% of every trade. It collects in the creator's own fee vault, and only the creator's wallet can claim it, from the coin's page. After graduation, the pool creator fee goes to Outset's platform wallet; a payout of part of it to creators is planned but not active, so creators receive nothing from pool trades today.

Fees at a glance

Outset platform fee

1.00%

Per curve trade, to Outset's platform fee vault.

Creator fee

0.25%

Per curve trade, claimable by the creator.

Raydium protocol fee

0.25%

Per curve trade, set and kept by Raydium.

Proposed rates (policy 2.0.0-provisional): Outset's Mainnet platform isn't live yet. Network fees are separate. See the full fee breakdown

Risks

• Most launched coins lose most or all of their value.Only trade what you can afford to lose.
• Anyone can launch any name or image.Outset verifies that a launch happened on-chain, not who is behind it. Tickers aren't unique: always check the contract address.
• Early buyers can sell into later buyers.The curve price moves with every trade, and large trades have price impact. Set slippage carefully.
• Transactions are final.Nothing approved in your wallet can be reversed by Outset.
• Software and network risk remains.Smart-contract, wallet and network risks exist despite Outset's transaction checks. Raydium can upgrade its programs.

The full Risk Disclosures and Terms of Use are on the Legal page.

Reference