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Fees

Everything every coin's pool has produced since the first launch, whether or not it has been withdrawn. The pool charges 1%, split most to whoever launched the coin and the rest to the protocol, paid in the coin and its quote (USDC, or the backing tracker once a coin has bonded).

Creator fees
Earned by launchers, all time
Platform fees
The buyback pot, all time
Unique holders

Buyback & burn

Waiting for the token

The protocol's share of every swap fee lands in the buyback contract in USDC and leaves it as Token sent to the burn address. There is no withdraw: everything below is read off that contract.

Token burned
— of supply
Spent
— USDC
Waiting to be spent
— USDC
Last burn
Supply burned— / —

Lights up once the token and its buyback contract are deployed. How it works.

Hedge funding

Hedge book

Each tracker's hedge is held on Lighter by the protocol's hedge wallet: a vault cannot own a Lighter account, so it sends the wallet USDC, capped on chain; the wallet deposits it to Lighter straight from Avalanche, and every withdrawal comes back through Arbitrum with Circle's CCTP, minted straight into the vault. These are the transfers the vaults have made, read off Avalanche.

USDC sent to the hedge wallet
Not deployed yet
Trackers routed
to a Lighter market
Hedge wallets
the vaults' hedgeFunder addresses