Glossary

Block. One part of a fee plan: Reward holders, Buy back and burn, Jackpot and so on. Each takes a share of the pad's part. See Fee blocks.

Bonding curve. The price rule a token starts on. It sells tokens for SOL at a price that rises with every buy.

Fee Key. Raydium's NFT for locked CPMM liquidity. Whoever holds it collects the pool's fees; a LaunchLab pad holds the Fee Key of every pool its tokens graduate into.

Fee sharing. pump.fun's way of splitting a coin's creator fee between several wallets. A pump.fun pad's tokens share theirs with the pad's router wallet.

Fee splitter. padpad's program on Meteora DBC and Raydium LaunchLab. It holds the pad's role on the venue and, on every claim, pays padpad its 10% and the pad its part.

Graduation. The moment a token's curve has raised its target and its liquidity moves into a pool.

Node map. The fee plan drawn as connected steps, on the studio's Fees step. See The node map.

Pad. A launchpad made with padpad.

Pad's part. What is left of each trading fee after the venue's cut, the creator's share and padpad's 10%. The fee plan decides what happens to it.

Pass. One run of the router: it reads trades, collects fees and pays them out through the plan.

Platform coin. A pad's own coin, existing or launched as the pad's first token, which its plan can buy back, burn or reward.

Raise. How much SOL a token's curve takes in before it graduates.

Referral link. A pad address with ?ref= and a wallet. Traders who arrive through it are bound to that wallet on the pad. See Referral links.

Router wallet. The pad's own wallet that receives its part of the fees and pays it out on every pass.

Top token. The pad's graduated token with the most volume, picked again every week.

Venue. The launch protocol a pad's tokens trade on: Meteora DBC, pump.fun or Raydium LaunchLab.