Fund¶

How It Works¶

Presale ($LOOP) ──┬── 80% → Open Bid (initial capital)
                 └── 20% → RUN Pool Liquidity

RUN Trading ──→ 4% Swap Fee ──┬── 2% → Open Bid (ongoing)
                               ├── 1% → Stakers
                               └── 1% → Creator Royalties

Prelaunch¶

Each collection strategy launches with a presale that raises $LOOP deposits.
20% of presale proceeds seed the initial RUN↔$LOOP liquidity pool.
The remaining 80% funds the Open Bid (the protocol's perpetual standing bid for NFTs).

Presalers receive credit positions, a Baseline primitive.
Credit positions are created at pool initialization when the RUN price equals its BLV (floor price), giving presalers leveraged upside from the floor. They earn 1% of that RUN token's swap fees in perpetuity and can unwind to spot tokens at any time, subject to pool liquidity.

Post Launch¶

After launch, every RUN↔$LOOP swap generates a 4% fee, split three ways:

• 2% → Open Bid. Replenishes the standing bid that funds NFT purchases.
• 1% → Stakers. Distributes to presalers holding credit positions and token stakers.
• 1% → Creator royalties. Flows to the original NFT collection creators.

The 2% Open Bid allocation provides an ongoing funding stream.
As trading volume grows, the Open Bid accumulates faster, enabling more frequent NFT acquisitions.

More acquisitions generate more auctions, which drive more trading volume and more fees.

Example¶

$PUDGYRUN (the RUN token for Pudgy Penguins) generates 1,000,000 $LOOP/day in swap volume. The 4% fee produces 40,000 $LOOP/day:

• 20,000 $LOOP/day (2%) flows to the Open Bid
• 10,000 $LOOP/day (1%) distributes as presaler staking yield
• 10,000 $LOOP/day (1%) goes to Pudgy Penguins creator royalties

At this rate, the Open Bid accumulates 20,000 $LOOP daily toward the next NFT acquisition.