Docs

1. Traders pay pump.fun's creator fee.
2. Fee sharing sends 100% of it to the treasury. Locked.
3. At each publication: 1% platform fee (buys back $REDPILL), creator share, rest to backing.
4. Rate = backing / supply, republished every interval.
5. Holders burn tokens for their share at the rate.

• One transaction: publish if due, burn, pay out in the quote asset.
• gross = min(amount × rate, amount × vault / supply), net = gross − fee
• Set a minimum received. The transaction fails rather than pay less.
• Burned tokens are gone. Supply shrinks.
• Last token redeemed: treasury goes terminal, residual to that redeemer.
• The rate is a floor, not a price or a peg.

The platform fee goes to the platform authority wallet and is used to buy back $REDPILL, the first token launched on Red Pill. Buybacks are made from that wallet, not enforced by the program.

Share, redemption fee and interval (1 minute on devnet, otherwise 1 hour to 30 days) are fixed at creation.

• Launch: create the coin, treasury and fee sharing in one atomic transaction. Optional dev buy follows.
• Onboard: add a treasury to an existing coin. Needs the current creator, revoked mint authority, no Holder Rewards, no finalized fee sharing.
• Onboarding finalizes fee sharing. It is permanent. Earlier fees stay in your pump.fun vault.

Cluster: devnet

No admin, close or withdraw path for backing. The devnet program stays upgradeable.

• Unaudited. You can lose everything you put in.
• Upstream. pump.fun can change fee rules. Inflow may slow or stop; funds in the treasury stay redeemable.
• Quote asset. Issuers like USDC can freeze accounts and block payouts.
• Permanent. Settings and fee routing cannot be changed by anyone.
• Not advice. Not financial, legal or tax advice, or an offer of any security.

Independent. Not affiliated with pump.fun. See pump.fun.