Economics

Moono’s public launch economy is configured per quote asset. The global interest curve is shared, while loan limits, fixed fees, reserves, and surplus splits come from each public launch configuration.

All values are fetched from Solana mainnet during the docs build.

Cost Components

Component	Description
LP interest	Per-tick interest paid upfront to the ticks that fund the loan
Shared interest	Protocol-wide surcharge distributed across all participating ticks
Protocol fee	Fixed and/or ppm fee routed to protocol fees
Migration reserve	Quote amount reserved for PumpSwap migration or returned on close if unused
Refundable overhead	Quote-side overhead returned on repay/liquidation when unused

Global Interest Curve

Moono uses 1,024 ticks per quote vault. Loans consume liquidity from the lowest available tick upward; LPs choose the tick that matches their risk and utilization target.

tick_hourly_rate_ppm = min(2048, 2 + tick_index x 2)
shared_ppm = hpppm_min x interval + (fpppm_min - hpppm_min x interval_min) x (interval_max - interval) / (interval_max - interval_min)

Tick	Hourly rate ppm	Hourly rate
0	2	0.0002%
10	22	0.0022%
50	102	0.0102%
100	202	0.0202%
250	502	0.0502%
500	1002	0.1002%
1023 (max)	2048	0.2048%

Public Launch Configurations

pump.fun / WSOL

This configuration uses WSOL as the quote asset. All values below are denominated in SOL and come from the on-chain LaunchConfiguration plus its linked QuoteVault.

Parameter	Value
Launch configuration	`EEgawPPHSKogFNswuTYCxEGM6LzTkyFKubfWqv7v6wz1`
Quote vault	`Dor7sETLfp4uxjkETvBRdJd4pYuiNAp8ZVrPzL9CD2Uo`
Quote mint	`So11111111111111111111111111111111111111112`
Paused	no
Minimum loan	0.1 SOL
Maximum loan	2,500 SOL
Loan duration	1-336 hours
Protocol fee	0.01 SOL
Refundable quote overhead	0.05 SOL + 2.5% x loan_amount
Migration reserve	10 SOL + 3% x loan_amount
LP surplus share	200,000 ppm (20.00%)
Platform surplus share	100,000 ppm (10.00%)
Borrower surplus share	700,000 ppm (70.00%)

Migration Reserve Examples

Loan amount	Reserve
0.1 SOL	0.014494 SOL
0.5 SOL	0.072471 SOL
1 SOL	0.144943 SOL
5 SOL	0.724713 SOL
10 SOL	1.449425 SOL

Complete Cost Examples

Loan	Protocol fee	Migration reserve	Refundable overhead	LP interest	Shared interest	Total upfront
0.5 SOL / 6h	0.01	0.072471	0.0625	0.000006	0.000502	0.145479 SOL
2 SOL / 12h	0.01	0.289885	0.1	0.001248	0.002012	0.403145 SOL
10 SOL / 24h	0.01	1.449425	0.3	0.04848	0.01014	1.818045 SOL

Shared Interest by Duration

Duration	shared_ppm	Percent of borrowed amount
1h	1,000	0.1000%
2h	1,000	0.1000%
6h	1,003	0.1003%
12h	1,006	0.1006%
24h	1,014	0.1014%

pump.fun / USDC

This configuration uses USDC as the quote asset. All values below are denominated in USDC and come from the on-chain LaunchConfiguration plus its linked QuoteVault.

Parameter	Value
Launch configuration	`H11ys3mhLGrzQgcWg8o1L4JSewW3ZQm1tRMNp6jfY18x`
Quote vault	`6Mgt39gtfEMM5c21GAy6kaEHUgce12iUGYChiYfftgZF`
Quote mint	`EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v`
Paused	no
Minimum loan	100 USDC
Maximum loan	20,000 USDC
Loan duration	1-24 hours
Protocol fee	1 USDC
Refundable quote overhead	2.5% x loan_amount
Migration reserve	2,500 USDC + 3% x loan_amount
LP surplus share	200,000 ppm (20.00%)
Platform surplus share	100,000 ppm (10.00%)
Borrower surplus share	700,000 ppm (70.00%)

Migration Reserve Examples

Loan amount	Reserve
100 USDC	23 USDC
500 USDC	115 USDC
1000 USDC	230 USDC

Complete Cost Examples

Loan	Protocol fee	Migration reserve	Refundable overhead	LP interest	Shared interest	Total upfront
100 USDC / 6h	1	23	2.5	0.0012	0.1003	26.6015 USDC
500 USDC / 12h	1	115	12.5	0.312	0.503	129.315 USDC
1000 USDC / 24h	1	230	25	4.848	1.014	261.862 USDC

Shared Interest by Duration

Duration	shared_ppm	Percent of borrowed amount
1h	1,000	0.1000%
2h	1,000	0.1000%
6h	1,003	0.1003%
12h	1,006	0.1006%
24h	1,014	0.1014%

Liquidation Surplus

When liquidation sale proceeds exceed the borrowed quote amount, the surplus is split between LPs, the platform, and the borrower. The split is snapshotted onto the loan at launch time, so later admin changes do not alter an already-open loan.

If the collateral plus reserve cannot cover the borrowed amount, LPs in the funding ticks take the shortfall through lower NAV.

LP Safety

Moono’s public loans are launch loans for bonding-curve launchpads such as pump.fun. A bonding curve is an on-chain pricing mechanism: buys move the token price up along the curve, sells move it down, and the curve holds quote liquidity for redemptions.

For LPs, the borrowed quote is not handed to the borrower as free cash. It is immediately used to buy the launched token, and those base tokens become protocol-controlled collateral.

The launch sequence mitigates LP downside through strict ordering and buffers:

Protocol wallets buy first and establish collateral before any optional user co-buy.
User buy is always last in the Moono launch sequence.
Outside traders cannot unload into protocol wallets before those wallets establish their positions inside that ordered sequence.
The borrower prefunds refundable quote overhead; the current public configurations use a 2.5% quote overhead component for ordinary quote-side trading costs around protocol operations.
Migration reserve adds another buffer for PumpSwap migration and downside coverage.