About
Alpha is a story. Fees are a business.
Memecoin pools on Solana are the most expensive liquidity in crypto. On a hot day a pool pays its liquidity providers 20, 50, sometimes 70 percent of its own size in fees. That is the business the desk is in.
The desk is a keeper, running around the clock. It holds a tight band of SOL and a pool’s token around the live price, so most trades in that pool cross it and pay it. When price walks out of the band the desk picks the band up and sets it down again. When a pool cools, or its price falls through the floor, the desk closes the seat, sells the token back to SOL, and moves on.
It never trades the token that pays you, and it never trades to move a price. It is a liquidity provider, the same role a thousand wallets play on Raydium and Meteora every day, with one difference: the fees it collects don’t belong to a team. Once a day they are split, and the largest share goes in SOL to whoever holds the token at that moment.
Every seat it takes, every fee it harvests, every SOL it sends is a transaction you can open on Solscan. The ledger on this page is written by the same keeper that signs them.
Questions
Fair questions, plain answers.
Do I have to do anything to get paid?
No. Hold the token in a wallet you control. Each payout the desk snapshots every holder and sends SOL pro rata. Tokens on an exchange sit in the exchange’s wallet, so they don’t count.
When are payouts?
Every 24 hours, on the clock at the top of the page. If the pot is positive, it goes out. If it isn’t, nothing goes out and the clock resets.
What is the split?
50% of the pot to holders. 30% stays in the desk as capital so it can take bigger seats. 20% to OPS, the operations budget that keeps the keeper, the RPC and the site running.
My payout was tiny, or didn’t come.
Small amounts accrue instead of being sent, so gas doesn’t eat them. Your share adds up each payout and is sent once it crosses the dust floor. Paste your wallet above to see what has accrued.
What is the stock desk?
Tokenized stocks (xStocks) trade on Solana around the clock, each backed by a real share. During US market hours the desk compares every pool to the real stock price. When a pool runs rich it sells a slice of its inventory there, when it runs cheap it buys, and it reverses the trade once the pool is back to normal. It never trades against a stale price: when the market is closed it waits. Realised profit is converted to SOL and goes into the same daily pot.
Does the desk trade the token?
No. It never buys or sells the token to move its price or make volume, and it doesn’t market-make the token’s own pool unless that pool makes the scanner’s list on merit like any other.
Where does the money actually come from?
Fees paid by other people’s trades on Meteora pools where the desk provides liquidity, plus or minus what the desk’s inventory gained or lost while it sat in those pools. All of it is on-chain.
What happens on a bad day?
A pool that falls through its floor is closed and sold. A losing day makes the pot negative; the next profitable days fill the hole before anyone gets paid. The 30% reserve share is the cushion.
Can the desk lose everything?
It can lose a lot. Memecoin pools are the most volatile liquidity on Solana; the fees are high precisely because the risk is. Floors and position sizing limit the damage per seat. They don’t remove it.