Frequently Asked Questions
Launches
What's the difference between Instant and Curated launches?
Instant launches let you deploy a token immediately with just 2 transactions. No approval is needed, and your token is tradable as soon as the transactions confirm. Best for quick launches, memecoins, and community tokens.
Curated launches go through an application and approval process. They include a 24-hour funding period and vesting schedules. Best for serious projects looking for structured funding and credibility.
| Feature | Instant | Curated |
|---|---|---|
| Approval needed | No | Yes |
| Time to launch | Minutes | Days to weeks |
| Funding period | None | 24 hours |
| Vesting | No | Yes |
| Best for | Quick launches | Larger projects |
How long does the funding period last for Curated launches?
The funding period is exactly 24 hours. During this window, participants can deposit funds to participate in the launch. After the period ends, no additional deposits are accepted.
What happens if a Curated launch doesn't reach its funding target?
If a curated launch doesn't reach its minimum funding target:
- All deposited funds are returned to participants
- The launch is cancelled
- Participants can claim their refunds through the platform
Can I launch more than one token?
Instant launches: Yes, you can launch multiple tokens from the same wallet.
API/SDK launches: Limited to one token per API key account.
What information do I need to launch a token?
For an instant launch, you need:
- Token name and symbol
- Description
- Token image (square, minimum 400x400px)
- Total supply amount
- Initial liquidity amount (in SOL)
Fees
How does the 60/40 fee split work?
For instant launches, trading fees from the Meteora pool are split:
| Recipient | Share |
|---|---|
| Token Creator | 60% |
| LoomLay Platform | 40% |
Fees accumulate from every swap on your token's pool and can be claimed at any time.
How do I claim my fees as a token creator?
You can claim fees through:
- Platform Dashboard: Navigate to your dashboard, view pending fees, and click "Claim"
- SDK/API: Use the fees endpoint to check pending amounts and claim
Fees are paid out in SOL to the wallet that created the token.
Are there upfront fees for launching?
Instant launches: Yes, there's a platform fee paid during the launch transaction. The exact amount depends on your configuration.
Curated launches: Fees are negotiated during the application process and may include listing fees and success fees based on funds raised.
When do fees start accumulating?
Fees begin accumulating as soon as trading starts on your token's pool. For instant launches, this is immediately after the launch transactions confirm.
Trading
Where does liquidity come from?
All LoomLay tokens trade on Meteora DAMM v2 pools on Solana. Liquidity is provided by:
- Initial liquidity from the token creator (instant launches)
- Funds raised during the funding period (curated launches)
- Additional liquidity providers who add to the pool
Is my token immediately tradable after an Instant launch?
Yes. As soon as both launch transactions confirm on Solana (typically within seconds), your token is live and tradable on Meteora DEX.
What is slippage and how do I set it?
Slippage is the difference between the expected price and the actual execution price. Higher trading volume or lower liquidity can cause more slippage.
- Recommended: 0.5-1% for most trades
- High volatility: 2-5% may be needed
- Low liquidity tokens: May require higher slippage
Can I trade LoomLay tokens on other platforms?
Yes. Since all tokens use standard SPL token accounts and Meteora pools, you can trade them on:
- Meteora DEX directly
- Jupiter aggregator
- Any Solana DEX that routes through Meteora
Wallets and Security
Which wallets are supported?
LoomLay supports all major Solana wallets:
- Phantom
- Solflare
- Backpack
- Ledger (via Phantom or Solflare)
Is my wallet safe when connecting to LoomLay?
LoomLay uses standard Solana wallet adapter connections. We never have access to your private keys or seed phrase. Each transaction requires your explicit approval in your wallet.
What happens if I lose access to my wallet?
LoomLay cannot recover wallet access. If you lose access to your wallet:
- Holdings remain on-chain and are recoverable with your seed phrase
- Fee claims are tied to the creator wallet address
- Contact your wallet provider's support for recovery options
Vesting (Curated Launches)
How does vesting work?
Tokens purchased in curated launches are released gradually:
- Cliff: Initial period where no tokens are released
- Linear vesting: Tokens unlock progressively after the cliff
- Full unlock: All remaining tokens become available
Can I trade vested tokens before they unlock?
No. Tokens remain locked until they vest according to the schedule. Once unlocked, they're transferred to your wallet and can be traded freely.
Where do I see my vesting schedule?
Check your dashboard under Holdings to see:
- Total tokens allocated
- Tokens already unlocked
- Next unlock date and amount
- Full vesting schedule
Technical
What blockchain does LoomLay use?
LoomLay is built on Solana. All tokens are SPL tokens, and all liquidity pools use Meteora DAMM v2.
What is Meteora DAMM v2?
Meteora's Dynamic Automated Market Maker (DAMM) v2 is a liquidity pool implementation that offers:
- Concentrated liquidity for better price execution
- Dynamic fees that adjust to market conditions
- Single-sided deposits for token launches
How fast are transactions?
Solana transactions typically confirm in 1-2 seconds. You'll see your trades and launches execute almost instantly.
What are the transaction fees?
Solana network fees are minimal (typically less than $0.01 per transaction). LoomLay platform fees are separate and vary by launch type.