RUN Tokens¶

Purpose¶

• Run each collection's trading strategy: Each RUN token independently operates a trading strategy for a specific collection.
• Concentrate deflation and yield at the collection level: Each RUN token has its own Afterburner and fee pool. Buyback-and-burn pressure and staker yield accrue directly to that collection's token holders — not diluted across the broader ecosystem.

How It Works¶

Loophole deploys one RUN token per supported NFT collection: $PUDGYRUN (Pudgy Penguins), $APERUN (Bored Apes), $PUNKRUN (Cryptopunks), etc. Each RUN token pairs with $LOOP.

Every RUN token runs a presale, priced in $LOOP, acquiring capital to bootstrap the strategy. 20% of raised funds provide initial pool liquidity into the token's LP, 80% is deposited into the Open Bid to fund initial NFT acquisitions.

Each RUN token runs its own "loop" - a four-phase trading strategy: Fund → Buy → Sell → Split.

Presalers are Creditors¶

Presalers who deposit $LOOP during the presale receive credit positions — created at pool initialization when the RUN price equals its BLV, giving presalers the best entry.
Credit positions earn yield via the RUN token's swap fees in perpetuity and can be unwound for spot tokens at any time.

See For Presalers.

Deflation¶

After each auction, the Split routes 30% of proceeds to the Afterburner's Buy + Burn mode: a leveraged buyback-and-burn mechanism. Each burn reduces the number of tokens sharing the reserves. At the same time, trading volume continuously grows those reserves. Both forces push the per-token floor upward independently — and simultaneously.

Accumulation¶

The remaining 70% routes to the Afterburner's Buy + Bank mode, which executes a leveraged borrow of $LOOP and holds it permanently. The accumulated position earns fees in ETH, which are used to buy $LOOP for the Open Bid — creating recurring buy pressure on $LOOP and a new funding source for acquisitions. The leveraged borrow activity also drives $LOOP BLV growth.

Ecosystem value accrual¶

Because every RUN token pairs with $LOOP, a rising $LOOP floor lifts every RUN token's floor. Each collection's Buy + Bank position contributes to the same $LOOP BLV growth, so every auction across every collection strengthens the floor of every other collection in the ecosystem.

Swap fees¶

Every RUN↔$LOOP swap incurs a 4% fee:

• 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.