how it payz

dis page in hooman cos numbers r hard. da rest of da site is gobblin.

pump.fun pays the creator of a coin 0.30% of every trade on its bonding curve, and a share of every PumpSwap trade after it graduates. On every other launchpad that money goes to the dev. Here the creator of every coin is a pot (a pool wallet held for that coin), and the pot pays out, every 5 minutes, to the holders with an unrealized loss. Pro rata to the size of the loss.

who countz as a loser

A wallet that still holds the coin and whose bag is worth less than it paid for it. Paid means every SOL that went into buys, fees included. Sold tokens take their average cost with them; what is left is marked at the current price.

Sell and you're out. A realized loss is not an unrealized one. Only open, underwater bags are paid.
Tokens you were sent carry no cost. They add to what your bag is worth, never to your loss. Nobody can transfer their way into a bailout.
Splitting a bag across wallets changes nothing. Shares are by loss amount, not by head.
Buying right before a payout earns nothing. You bought at the price everything is marked at; your "loss" is the fee you just paid.

da math

For every holder i: loss_i = max(0, cost_i − balance_i × price). Each epoch pays pot × loss_i / Σ loss. A share under 0.0005 SOL waits in the pot for a later epoch instead of being sent as dust. Nothing is rounded up, nothing is inflated: money that does not go out stays in the pot for the next epoch.

where da money sits

pump.fun holds each trade's creator fee in a vault for the pot wallet. Every epoch the fee is swept and collected into the pot (anyone can trigger that; it is permissionless on pump's side), then paid out in plain SOL transfers from the pot. Every pot wallet is linked from its coin's page, so the whole flow is on Solscan: fees in, bailouts out, nothing else.

who payz da gas

goblinpad's own coin does. Its dev wallet is the wallet that signs every claim and payout for every pot, and that coin's pump.fun creator fees are what refill it. No pot ever pays a network fee; every lamport a pot collects goes to its losers.

who gets nuffin

Winners. If your bag is worth more than you paid, you are not in the pot. You are up; that is your payout.
The dev. The launcher keeps their dev buy, bought in the same transaction as the create so nobody is in front of them. They never see a fee.
The platform. There is no platform cut. If that ever changed it would be printed on every coin page, not hidden in the math.

can it be gamed?

To be paid you need a real unrealized loss, which means you bought and the price fell. Buying with one wallet and dumping from another makes one real loss and one real gain, minus about 1.25% of volume in pump.fun fees each way, 0.30% of which lands in the very pot being chased, shared with every other loser. The pot is a fraction of a percent of volume: nobody can take more out of it than they lost getting there. What the design does do is give late buyers a reason to hold instead of capitulate, and a coin whose late buyers hold is a coin that does not go to zero on the first red candle.

try it on any coin

Paste any pump.fun mint on the front page. The whole tape is read from chain and you see who is underwater on it right now, by how much, and what share of that coin's creator fees they would have been paid if it had launched here.