Create a vault Name it. Pick a backing asset. Pick 5% or 10%. Pay 10,000 PLS and mint at least 10 of the asset in the same transaction. Then the contract is yours, ownerless, on PulseChain.
Each 7-day epoch only that percent of current supply can be minted. 5% on a supply of 100 means 5 new tokens this week; 10% means 10. After the cap fills, buy on PulseX until the next epoch. The week you launch is uncapped — same as PLSstr — so the vault can bootstrap. From the next epoch the 5% or 10% cap applies, holds 13 weeks, then decays to 1% over 39 weeks, then stays at 1%.
You receive vault tokens at backing +4.5%. Min 10 of the chosen asset, in the same transaction as the 10,000 PLS fee. That puts the token in your wallet. The rest of this 7-day epoch stays uncapped, like PLSstr.
Launch costs 10,000 PLS plus at least 10 of the backing asset (and a little gas). Empty vaults cannot be created. Immutable — no switch, no waiver.
How it works Three moving parts.
Mint — the ceiling
Deposit the backing asset, receive vault tokens at backing +4.5%. 3.5% stays in the vault. 0.5% protocol fee. 0.5% to the creator. Minting is capped per 7-day epoch; when the quota fills, the DEX is the only source until reset.
Hold — the ratchet
Backing per token can only rise. Premiums, the redeem fee, and donations feed it. There is no admin key and no pause switch.
Redeem — the floor
Burn vault tokens any time for your pro-rata share minus 0.5% that stays behind. Never gated. Last redeemer pays nothing so the vault cannot trap dust.
Not a PulseX launch. Nothing here seeds a pool, locks LP, or "graduates." You get a vault token contract. If you want a market, you add PulseX liquidity yourself. The board ranks vault TVL plus whatever PulseX depth it can see.
What is guaranteed: backing-per-token in the vault's asset never decreases from any operation of these contracts. What is not: market price, the price of the backing asset, or anything below that asset.
Leaderboard Rank = vault holdings valued in WPLS + PulseX pool depth valued in WPLS. $LAUNCH is pinned whether it is #1 or not.
Top 50 Compact. Click a row to open the vault.
Full list lives on the factory. Anyone can query vaultCount() / allVaults() or replay VaultCreated. This page only paints 10 + 50. The snapshot file is a cache, not an authority.
Open a vault to read the ratchet.