5% tax · solana · one loop, on-chain
The loop that
pays its own tax.
Fold is a token with a 5% tax. The tax becomes USDC and is bridged to Hyperliquid, where it farms PAPER on papertrade, and PAPER's revenue buys back and burns $FOLD. The buybacks pay the tax too, so the loop feeds itself.
- no team allocation of PAPER
- revenue paid in USDC
- every buyback burns
one turn of the loop
-
step 1
tax
Every $FOLD buy and sell pays 5%. The tax is swapped to USDC.
-
step 2
treasury
The USDC is sent to the treasury and bridged to Hyperliquid.
-
step 3
papertrade
On Hyperliquid, the treasury deposits on papertrade, where the protocol runs strategies to acquire PAPER.
-
step 4
staking
Every PAPER acquired is staked. Stakers earn USDC from papertrade's revenue.
-
step 5
buyback
Staking revenue buys $FOLD at market and burns it.
-
step 6
recycle
The buyback is a trade, so it pays the 5% tax too, which goes straight back to the treasury.
buybacks pay tax too
A buyback is a buy like any other, so 5% of every buyback lands back in the treasury. The same buy burns $FOLD and refills the treasury.
That $500 goes back to papertrade, earns more PAPER, and comes back round as the next buyback.
where the revenue comes from
fee share
Half of papertrade's 2% fee on closes goes to PAPER stakers in USDC, while the payout queue is empty.
lp sweep
Once papertrade's LP passes $5M, every further dollar of LP gain is distributable to stakers.
no lockup
Staking is instant, so PAPER starts earning the moment it's acquired.
one way in
Nobody can buy into papertrade's LP. PAPER only mints from losing closes and liquidations, which is why it takes a strategy.
what happens when
launch
$FOLD goes live on its bonding curve. The 5% tax starts filling the treasury from the first trade.
graduate
The curve fills and migrates to Meteora DAMM v2. The tax carries on in the graduated pool.
farm
Treasury USDC is bridged to Hyperliquid and deposited on papertrade. The strategies start acquiring PAPER, all of it staked.
burn
Staking revenue buys back and burns $FOLD, and each buyback's tax refills the treasury.
watch it burn
The treasury's USDC, the PAPER it's staked, the revenue it earns and every $FOLD it burns, read live from Solana and Hyperliquid.
Treasury USDC is deployed on papertrade, and strategies can lose money. No returns are promised.
