Supply only
goes down ↓
A fixed-supply asset whose float shrinks with trading volume, attached to a lending protocol whose loan book deepens with the same volume. No presale. No pre-mine. No mint function.
01 · Token at a glance
The data plate
Nobody, including the team, holds a token before public trading opens. The team's position is bought in the launch transaction at the same curve price as everyone else.
02 · Allocation
85 to the market. Two-thirds of the rest, committed away.
Of the 15% that isn't the public float, ten points are locked or given back, leaving a single 5% liquid working wallet, disclosed as such.
Public sale plus the reserved share that becomes permanently locked pool liquidity at graduation. No withdraw function exists.
Locked on a third-party locking platform at launch. Lock link published.
Held in the dev wallet at a published address, and returned to protocol users. Unclaimed tokens burned.
Liquid by design and disclosed as such: a multisig, monthly spend disclosures, 30-day transfer lock on partner payments.
03 · The airdrop · 5% back to users
Rewards one profile: do both things the protocol lives on.
Fund the loan book and hold the token. Doing only one earns nothing. The score is the geometric mean of both legs, so balance, held from early, wins; there is nothing to snipe and no threshold to game.
To the Lune Earn pool. Measured as time × size (share-days) across the qualification window.
Across the same window. Measured as time × size (share-days). A large position on one leg with dust on the other scores near nothing.
The airdrop is also the protocol's liquidity program: rewarding USDC deposits is what fills the loan book that every borrower draws from.
04 · How value flows
Two independent fee engines.
Neither promises income to holders. Both make the protocol stronger and the supply smaller.
→ the loan book
Every loan pays an upfront origination fee (1.5–3.0% of principal), and pays it again on every 24–72h roll.
→ buybacks & depth
Every $LUNE trade pays the venue's standard fee; the protocol's share arrives to the treasury in USDC and follows a fixed public split.
05 · Burns
Funded by real revenue and real deadlines. No schedule gimmicks.
All burns go on-chain to a published burn address. Supply only moves in one direction.
06 · The flywheel
The protocol becomes its own largest LP.
The airdrop primes the loop: USDC deposits plus holding. From there, volume feeds both a deeper book and a smaller supply, and each turn makes the next one bigger.
07 · What $LUNE is not
The honest negatives.
No fee stream to holders
Loan fees pay lenders and the treasury; trading fees are burned into the token and deposited into the protocol.
Nothing to vote on
There is no governance surface. The parameters that exist are hard-capped in the contracts.
One-time, capped
The airdrop is a single capped distribution. No ongoing inflationary rewards exist.
Fee fixed at creation
The trading fee is set at creation and cannot be raised, by anyone, ever.
08 · One line
Loan fees pay lenders. Trading fees buy & burn $LUNE and fund protocol-owned liquidity. 5% goes back to users. Supply only goes down.
Describes intended mechanics; not an offer, solicitation, or financial advice. Deployed contracts and the published lock, airdrop, and burn addresses are the source of truth. Launch venue, exact fee rate, and contract addresses will be published at launch.