The final price is set on-chain. Every trade goes in and out as SOL or ZEC through the $SAPLING/ZEC pool in one route; you never hold $SAPLING. Each transaction is simulated first and refused if it would cost more SOL than shown. Coins can go to zero.
To the deployer EixiRoT1n8XyCz6hoLr443APFETYo51stms5GYnb4Ketprofile
0.002492 ZEC of it is still $SAPLING, being converted to ZEC on chain a batch at a time. It counts here at today's price and is paid once converted.
Only the current payee can redirect it or turn it into holder rewards. Redirecting hands over control. You can't take it back.
Every trade deepens the roots: the liquidity share goes into $SAPLING/ZEC liquidity whose LP tokens are burned, so nobody can pull it. pump.fun takes its own protocol fee on top: 0.95% on the curve, 0.25% after graduation. None of it reaches Sapling. The split can change within the program's bounds: liquidity never below 0.50%, Sapling never above 0.40%.
Paired with SAPLING. Pay with SOL or ZEC, sell for SOL or ZEC: every trade goes through the $SAPLING/ZEC pool in one route, so you never hold $SAPLING. Its price and market cap are shown in ZEC.
2.00% creator fee, paid in $SAPLING and split: 0.50% burned in $SAPLING, 0.50% $SAPLING/ZEC liquidity, and 0.80% to the deployer and 0.20% Sapling, both turned into ZEC on chain.
On pump.fun the deployer's wallet shows as creator; the creator fee itself goes to Sapling's program (4gif…E753), which splits it on chain.
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