Never touches the founder
Vault can refund or buy the curve. Nothing else.
Pons v2 · all-or-nothing
Raise sealed.
Curve bought.
People fund the full bonding-curve buyout first. One transaction takes the curve. Graduation happens inside that buy. LP locks by protocol — not a founder promise.
One average price
Everyone in the raise gets the same curve average. No VIP lane.
LP locked by Pons
We fund the buyout. The protocol seals liquidity.
Mechanism
How a raise seals
- OpenThreshold = full cost to buy out the Pons curve, published up front.
- FillContributors fund the vault. Same terms for everyone.
- BuyOne transaction buys the residual curve. Overpay returns in-flow.
- GraduateGraduation happens inside that buy. LP locks by protocol rules.
Not a presale desk
Typical raise vs SEAL
Typical
- Funds → founder wallet
- Fixed presale price
- Curve left open to snipe
- “We’ll add LP later”
SEAL
- Vault → buyout or refund only
- One bonding-curve average
- Buyout closes the curve
- LP locked by Pons
The product lives on raises.
Contribute, claim, and refund all happen here — not in a random telegram bot.
Open raises