How quants works

quants launches tokens whose trading fees pay the people who stake them. This page covers launching, where every fee goes, when staking opens, and how staking and early exits work.

At a glance

How it works

Anyone can launch a token on quants. Every trade of that token pays a small fee. Most of that fee buys up to ten tokens the creator picked, and those tokens are paid to people who stake the launched token. Longer locks earn a bigger share.

Launches and trading run on Meteora. Staking runs on Kamino Farms. quants never holds anyone's stake.

Launching a token

Pick a name, a symbol and a square image, then pick the pair token: SOL, USDC, USDT, JUP. Choose a trading fee of 1%, 2% or 3% and pick your reward basket. An optional first buy of your own token goes in the same approval. It is paid in SOL and swapped to the pair token if needed.

Every token has a supply of 1,000,000,000. Launching costs the Solana network fees and account rent for your transactions, plus any first buy. Your wallet shows the total before you approve. A first buy is capped at 50% of supply.

Staking does not open at launch. The staking farms are paid for out of the stakers' share of trading fees, so a token can be staked once it has traded enough. See When staking opens.

Where fees go

Meteora keeps 20% of each trading fee. Of what is left:

For example, a 1 SOL buy of a token with a 2% trading fee:

Fees are collected every few minutes. The creator share is sent to the creator once it passes 0.05 SOL. Until staking opens, the stakers' share is held for the token and first pays for its staking farms.

The reward basket

The basket is up to ten verified tokens with weights that add up to 100%. The basket share of every fee is swapped into those tokens and streamed to stakers over about 24 hours. If nobody is staked yet, rewards wait until someone is. The basket is fixed once staking opens for a token.

When staking opens

Staking a token needs one Kamino farm per lock tier (4), with an account for each reward token, plus the transaction fees to set them up. The stakers' share of trading fees is held until it covers that cost, which is then taken from it to create the farms. Staking opens right after, and from then on the whole stakers' share buys rewards.

Stakers get 60% of each trading fee after Meteora's 20%. So with 3 reward tokens, staking opens after about this much trading volume:

Tokens paired with something other than SOL count their stakers' share at its value in SOL. Each token page shows how far along it is, as a percent and as the amount still needed.

Staking and lock tiers

Once staking opens, stake a launched token into one of these locks. A bigger multiplier means a bigger share of the rewards for the same amount staked.

Claim rewards at any time. Adding more to a stake that is still locked starts its lock again for the whole amount. When the lock ends you can withdraw everything with no penalty.

Leaving early

You can leave before your lock ends. Up to 30% of your stake is burned, and the penalty shrinks every day you stay: leave with half your lock left and you lose half of 30%. The stake page shows the exact amount before you sign.

Rewards already earned stay yours. 100% of every penalty is burned. quants never receives any of it.

Graduation

New tokens trade on a bonding curve. When the curve has raised the amount below in its pair token, the token graduates to a Meteora DAMM v2 pool with permanently locked liquidity. Trading, fees, rewards and staking continue as before.

Risks

Launched tokens are volatile and most lose value. Reward tokens can lose value too. Smart contracts can have bugs. Only use money you can afford to lose. Read the terms and risks.

Wallets and programs

Every fee quants collects moves through these wallets, and every launch, trade and stake runs on these programs. Each links to its record on Solscan.

Questions