Behind each token is a leveraged wstETH/WETH loop on Aave. When ETH moves, the token moves harder, about its leverage times.

Leverage is set once at creation and locked: 2x or 3x. Buy with ETH to get the token, sell any time to get ETH back. There is no margin to post and no position to manage.

A pair launches on a bonding curve, not a live pool. The token trades on an x·y=k curve where price rises as ETH comes in. There is no leverage and no pool yet.

Selling on the curve returns ETH from the raised pool at the same math, so early buyers are never trapped. Once the raise target is met, anyone can migrate: the raised ETH becomes the pair's on-chain liquidity and the leveraged TOKEN/ETH pair opens.

The pair opens at the curve's average price, so the tokens you bought are worth exactly what you paid. Nothing jumps. From there the raised ETH does two jobs at once.

The protocol owns one liquidity position and re-centers it on every trade, so the chart is a real Uniswap chart. Selling draws ETH straight from that pool, so a normal exit never waits on Aave. Buying adds ETH; the part the pool does not need is levered on Aave in the same transaction. You never post margin or manage a position — the pool runs the loop and keeps it healthy.

Every token stays fully backed at all times. What shifts is the mix: the levered backing grows with buy volume and with staking yield, while the ETH sitting visibly in the pool is deepest right after launch and is topped back up as people buy.

The curve charges nothing. Every migrated pair charges a flat 1%:

The fee is taken on the output, both sides, and never forces a delever.

Anyone can launch a pair in a few clicks. Set the supply, the curve supply, the raise target, the start price, and the leverage the pair takes after migrate. Your browser mines the pool address, then you send one transaction.

You earn 0.5% of every trade on your pair, forever, claimable any time. Any token can run several pairs at different leverages side by side.

Create a pair →