Protocol Economics
SEND Token & Staking
SEND is the native token of the Send ecosystem. Stake SEND to earn a share of all protocol fees from Launchpad and DEX trading. This creates a flywheel where platform success directly rewards token holders.
The SEND Token
SEND is the governance and utility token of the Send ecosystem. It captures value from all platform activity and aligns incentives between traders, creators, and the protocol.
Token Standard
SEND uses SPL Token-2022, Solana's modern token standard with native support for on-chain metadata and extensions.
Value Capture
SEND captures value through staking rewards and airdrop incentives, creating direct alignment between platform usage and token value.
How Staking Works
The staking system uses a proven accumulator pattern to distribute rewards efficiently. Every protocol fee deposit updates a global accumulator, allowing users to claim their proportional share at any time.
Stake SEND
Transfer SEND tokens to the staking pool. Your stake is tracked per-user with no lockup period. You can stake any amount and add to your position at any time.
Earn Rewards
Protocol fees from Launchpad and DEX trading flow into reward vaults. The accumulator (acc_per_token) updates with each fee deposit, tracking rewards per staked token.
Claim Anytime
Pending rewards are calculated as (stake * acc_per_token) - debt. Claim without unstaking, or unstake and claim in a single transaction. No waiting periods, no penalties.
Multi-Currency Support
The system supports up to 16 reward currencies. Currently WSOL is the primary reward token, matching the quote currency of trading pairs. Each reward has its own accumulator and vault.
Protocol Fee Distribution
Every trade on Send Launchpad and DEX generates protocol fees that flow to stakers. This creates a direct link between platform activity and staking rewards.
Launchpad Fees
Trading on bonding curves generates protocol fees on every buy and sell. The protocol portion is sent to the staking reward vault via CPI.
DEX Fees
Post-migration trading on the AMM DEX continues generating fees that flow to stakers, creating ongoing revenue from successful tokens.
Fee Split
Protocol fees are split between stakers, creators (on DEX), and the protocol treasury. The exact split varies by trade type and partner status, but stakers always receive a meaningful portion of every trade.
The Send Flywheel
The SEND token creates a self-reinforcing cycle that aligns all participants in the ecosystem. Each component strengthens the others.
Trading Activity
Users trade on Launchpad and DEX. Every swap generates protocol fees that flow to reward vaults.
Staking Rewards
Protocol fees increase acc_per_token, raising the APY for all stakers. Higher rewards attract more SEND to stake.
SEND Demand
Higher staking APY drives demand for SEND tokens. Users acquire SEND to participate in rewards, reducing circulating supply.
Airdrop Incentives
Trading volume through verified partners earns SEND airdrops. As SEND value increases, airdrop incentives become more attractive, driving more trading activity.
Ecosystem Alignment
Traders benefit from low fees and airdrop rewards. Creators earn perpetual DEX fees. Stakers share in all protocol revenue. Partners earn from user activity. Everyone wins when the platform succeeds.
For Stakers
Staking SEND is designed to be simple, flexible, and rewarding.
No Lockup Period
Stake and unstake at any time. Your tokens remain liquid - no waiting periods, no penalties, no bonding curves on exit.
Continuous Accrual
Rewards accrue with every trade across the platform. The accumulator updates in real-time - your pending balance grows continuously.
Claim Without Unstaking
Harvest your WSOL rewards while keeping your SEND staked. The claim instruction transfers rewards without touching your stake position.
Proportional Distribution
Your share of fees is proportional to your stake. If you hold 1% of total staked SEND, you earn 1% of protocol fees sent to stakers.
Airdrop Rewards
Beyond staking rewards, active platform participants earn SEND token airdrops based on their activity.
Trading Volume
Verified trading volume through partner platforms earns SEND allocation. Volume is tracked per-user in the UserStats account.
Token Creation
Launching tokens earns airdrop credits. Successful migrations earn additional rewards, incentivizing creators to build lasting communities.
Claim Mechanism
Accumulated airdrop credits can be claimed via the community program. Credits reset after claiming, while lifetime stats remain for analytics.