The problem
Most launchpad tokens die by rug or dump. Creator allocations get offloaded onto buyers, liquidity gets pulled, and the price goes to zero. On Base, malicious projects are endemic.
The buyer has no exit guarantee — ever. You are always the exit liquidity for someone else. FloorPad exists to break that: to give every buyer a floor they can redeem against, no matter what the creator does.
The FloorPad method
Every coin launches with 100% of supply locked in a Uniswap v4 pool. The creator gets zero tokens — there is no bag to dump.
On every buy, 20% of the WETH goes into an on-chain vault owned by the coin's hook contract. That vault backs the floor:
Any holder can burn tokens at any time and redeem WETH at the floor price. It is a hard guarantee — on-chain, no permission needed, no creator involved.
The ratchet — it only goes up
The floor is a ratchet: it only goes up.
- ▲Buys grow the vault — more WETH backing, higher floor.
- ▲Sells shrink circulating supply with the vault untouched — so sells raise the floor for everyone who stays.
Selling pressure literally lifts the floor. Weak hands leaving makes the remaining holders' guarantee stronger, not weaker. A coverage lock inside the hook reverts any buy that would make the vault unable to cover all holders at the current floor — the solvency invariant V×1e18 ≥ N×floor is fuzz-proven over 65,536 randomized operations with zero violations against the real Uniswap v4 PoolManager.
Rug-proof by construction
Liquidity is rug-proof by construction, not by policy. The seeder contract that owns the liquidity position has no withdrawal function. Removing liquidity isn't forbidden — it is impossible. There is no admin key, no timelock, no "trust us." The code simply cannot do it.
Combined with the creator holding zero tokens, the two classic launchpad exits — dump the bag and pull the LP — are both removed at the contract level.
Creator economics
Creators earn 1% of every buy and every sell, paid in WETH. They profit from volume, not from dumping — because they have nothing to dump. The protocol takes a separate 1%.
Crucially: fees never touch the vault. The WETH that backs your floor is sacred — creator and protocol income are accounted separately and can never dilute the redemption guarantee.
Honest limits
Honesty is the brand. Here is exactly what the floor does not do — published on purpose:
The floor is capped at ~25% of price.
Theorem: floor/price ≤ c/(1−c−f), with c = 20% cut and f = 2% fees. It is a backstop, not a peg. You will not redeem at spot.
It protects you from zero, not from buying high.
If you buy at the top of a pump you can still lose up to ~75–80%. The floor stops the bleed at a fraction of spot — it does not protect your entry.
v1 contracts are UNAUDITED.
Extensively tested (96 tests, fork-tested vs Base mainnet, adversarially reviewed) — but no external audit. Trade accordingly.
Nobody is ever locked in.
Wind-down: if every holder redeems, the last one out gets paid and the floor resets. The exit is always open.
FAQ
Can the creator rug?
No. The creator receives zero tokens at launch — 100% of supply is locked in the Uniswap v4 pool, so there is no bag to dump. The contract that owns the liquidity position has no withdrawal function, so the LP cannot be pulled. Rug-proof is structural, not a promise.
Can the floor go down?
No. The floor is a ratchet — it only moves up. Buys grow the vault and raise it. Sells shrink circulating supply while the vault is left untouched, which raises the floor for everyone who stays. A coverage lock in the hook reverts any operation that would break the solvency invariant. Note: the floor is a backstop, not a peg — the spot pool price can still move below the floor, and REDEEM is your guaranteed exit at the floor.
What happens if everyone sells?
Each sell raises the floor for the remaining holders. If every holder eventually redeems, the last one out is still paid at the floor and the floor resets to zero — no one is ever locked in. There is no scenario where the vault cannot cover the holders it is responsible for.
Where does my 20% go?
When you buy, 20% of the WETH you spend goes straight into an on-chain vault owned by that coin's hook contract. That vault is what backs the floor: FLOOR = vault ÷ circulating supply. You can burn your tokens at any time to redeem WETH from it at the floor price — no permission needed.
Is this audited?
Not yet. The v1 contracts are UNAUDITED. They are extensively tested — 96 tests, fork-tested against Base mainnet, and adversarially reviewed — and the solvency invariant is fuzz-proven over 65,536 randomized operations with zero violations against the real Uniswap v4 PoolManager. But there is no external audit yet. Trade accordingly.
How do creators make money?
Creators earn 1% of every buy AND every sell, paid in WETH. They profit from trading volume, not from dumping a token allocation — because they never get one. The protocol takes a separate 1%. None of these fees ever touch the vault that backs the floor.
The floor only goes up. The creator can't rug. You can always get out. That's the whole pitch.
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