Overview

Tokenomics

What the protocol earns, and the one rule for it: half funds the protocol and stays in the treasury; the other half buys back $BORDR every ten minutes, and the treasury keeps it on the Bordrless standard. Nothing is burned.

$BORDR#

Mint: $BORDR mint 6Mix12LiHrQFojaQEnfPUC65Qkwd6X4Y5Qg93oFbordr
Token: An SPL token (the Token program), 6 decimals.
Supply: 1,000,000,000, fixed. Nothing is minted after launch, and the protocol burns none of it.
Trades on: Meteora; Jupiter routes it.
On the standard: Bridged $BORDR mint APpT4aqDoXAVz6S9wVWCJdqayFcs4tvfj5jToffVncwv, the bridge’s one-for-one version of the mint above. This is the form the treasury holds what it buys back in.
Bought back so far: What the treasury holds of it: its bridged-$BORDR holding on Solscan. The home page shows it in dollars, as “$BORDR bought back”, at the price now.

Protocol revenue#

Everything Bordrless charges, in SOL, into one treasury wallet, Treasury GAAvsY7D7pARVu8VSFExRYfvbHNyzH7GS6WKyz5zUHf4:

LP fee: 0.3% of every trade on a launch pool (the sniper fee while it is elevated), on the curve and after graduation.
Launch fee: 0.01 SOL from the creator, at launch.
DEX protocol fee: 1% of the quote side of every trade on an ordinary pool (one anyone creates).
Studio: A service fee on each hook Studio deploys, on top of its rent.

The figures are the launch rules’ fees, read from the same policy.

The rule#

Every ten minutes, a keeper reads what the treasury received since its last run. Half funds the protocol (development, deploys, the keepers) and stays in the treasury. Half is sent to the buyback wallet, Buyback wallet 5xsibKwtiN6ruxsYrEyWVpV3KcwuzSPbQd1n28a7spEd, which buys $BORDR through Jupiter with exactly what it received and sends it to the treasury, in the same run. The treasury then bridges it onto the Bordrless standard and keeps it: nothing is burned.

Every: 10 minutes.
On: New revenue only: what the treasury gained since the last run. What it held before the rule started is not swept, and a small reserve stays for fees.
Minimum: A run with less than 0.02 SOL of new revenue waits for the next.
Cap: At most 5 SOL a run; the rest carries over to the next.
Slippage: 1% on the buyback.
Where it ends up: In the treasury, as bridged $BORDR: the SPL tokens the buyback wallet sends are wrapped by the bridge into the treasury’s holding of the bridged mint, where they stay.
Who: A Bordrless keeper, off chain: a program run by Bordrless that signs with the treasury and the buyback wallet, not a program on Solana. If it stops, revenue waits in the treasury until it runs again.
Verify: Every buyback ends up in the treasury’s bridged-$BORDR holding; every split is a transfer from the treasury to the buyback wallet, every buyback and every transfer of the tokens back is sent by the buyback wallet, and every bridge is sent by the treasury. The home page’s figure is read from that holding, not from the keeper.

The keeper is pnpm revenue in the repository, and keeps a ledger of every run: the SOL split, the SOL spent, the $BORDR bought and bridged and each transaction’s signature.

$BORDR#

Mint

Token

An SPL token (the Token program), 6 decimals.

Supply

1,000,000,000, fixed. Nothing is minted after launch, and the protocol burns none of it.

Trades on

Meteora; Jupiter routes it.

On the standard

, the bridge’s one-for-one version of the mint above. This is the form the treasury holds what it buys back in.

Bought back so far

What the treasury holds of it: its bridged-$BORDR holding on Solscan. The home page shows it in dollars, as “$BORDR bought back”, at the price now.

Protocol revenue#

Everything Bordrless charges, in SOL, into one treasury wallet, :

LP fee

0.3% of every trade on a launch pool (the sniper fee while it is elevated), on the curve and after graduation.

Launch fee

0.01 SOL from the creator, at launch.

DEX protocol fee

1% of the quote side of every trade on an ordinary pool (one anyone creates).

Studio

A service fee on each hook Studio deploys, on top of its rent.

The figures are the launch rules’ fees, read from the same policy.

The rule#

Every ten minutes, a keeper reads what the treasury received since its last run. Half funds the protocol (development, deploys, the keepers) and stays in the treasury. Half is sent to the buyback wallet, , which buys $BORDR through Jupiter with exactly what it received and sends it to the treasury, in the same run. The treasury then bridges it onto the Bordrless standard and keeps it: nothing is burned.

Every

10 minutes.

New revenue only: what the treasury gained since the last run. What it held before the rule started is not swept, and a small reserve stays for fees.

Minimum

A run with less than 0.02 SOL of new revenue waits for the next.

Cap

At most 5 SOL a run; the rest carries over to the next.

Slippage

1% on the buyback.

Where it ends up

In the treasury, as bridged $BORDR: the SPL tokens the buyback wallet sends are wrapped by the bridge into the treasury’s holding of the bridged mint, where they stay.

Who

A Bordrless keeper, off chain: a program run by Bordrless that signs with the treasury and the buyback wallet, not a program on Solana. If it stops, revenue waits in the treasury until it runs again.

Verify

Every buyback ends up in the treasury’s bridged-$BORDR holding; every split is a transfer from the treasury to the buyback wallet, every buyback and every transfer of the tokens back is sent by the buyback wallet, and every bridge is sent by the treasury. The home page’s figure is read from that holding, not from the keeper.

The keeper is pnpm revenue in the repository, and keeps a ledger of every run: the SOL split, the SOL spent, the $BORDR bought and bridged and each transaction’s signature.