Terms of use

Sapling.cash is operated by Sapling Technologies LLC, a Wyoming limited liability company, which these terms call "the operator". Independent project. Not affiliated with the Zcash Foundation, Electric Coin Co., or pump.fun.

Sapling is a web interface. It helps you launch coins on pump.fun paired to $SAPLING or ZEC and trade them. A coin paired with $SAPLING trades through the $SAPLING/ZEC pool in one route: you pay and receive SOL or ZEC. pump.fun can stop new pairings with $SAPLING at any time; coins already paired keep trading. The coins, the bonding curve and the pools belong to pump.fun and PumpSwap. Creator fees are split by the sapling_vault program on Solana. Its liquidity share goes into $SAPLING/ZEC liquidity on PumpSwap whose LP tokens are burned: that liquidity is owned by no holder, no coin and not the operator, and nobody can withdraw it. Harvest (burning a coin for a share of the ZEC in its roots) has closed; each coin's remaining roots went into that liquidity. The operator also runs a keeper (an automated worker), an indexer and this website.

Every coin launched through Sapling is created with a creator fee of 2.00% on each trade, paid in ZEC. The operator receives the Sapling share of that fee: 10% of the creator fee, which is 0.20% of each trade. The rest is split as shown here. A coin paired with $SAPLING pays its creator fee in $SAPLING: the rootstock share is burned, the liquidity share goes into $SAPLING/ZEC liquidity, and the rest, the operator's share included, is converted to ZEC on chain, never below a floor the program sets.

The split can change. The admin can change it at any time, within bounds the program enforces: the liquidity share never gets less than 0.50% of a trade and the operator never more than 0.40%. There is no minimum for the deployer's share. A change applies to every coin from the next split on.

The operator also receives a planting fee of 0.01 SOL for every coin created through Sapling. pump.fun charges its own protocol fees; the operator receives none of those.

Whoever launches a coin chooses where the deployer's share goes: their own wallet, another wallet, or holder rewards. The choice is recorded on chain together with the coin, in one transaction that lands whole or not at all. Only the current payee can change it. Redirecting to another wallet hands that wallet full control; the previous payee, including the deployer, keeps none. Redirecting hands over control. You can't take it back. Choosing holder rewards is permanent. You are responsible for the address you enter: ZEC sent to a wrong address cannot be recovered, and the operator cannot change a payee.

Payouts to a payee are held by the vault program until anyone sends them to the payee. The operator sends them automatically when the payee's wallet already has a ZEC account, and otherwise the payee claims them on the coin page. A change of payee pays what is waiting to the current payee first, in the same transaction. A payee who hands its own ZEC account to another owner stops its own payouts and changes until that account is handed back; the operator cannot undo that. No pause stops a payout, and neither the admin nor the keeper can take it.

Holder rewards are paid by the operator's keeper, not by the program. The program only lets a coin's pot move to the operator's rewards wallet, one run at a time, after the snapshot's fingerprint is recorded on chain. The keeper decides the snapshot time, who is eligible (a holding worth at least $20; program accounts, burn addresses and the operator's wallets excluded) and each pro-rata share, and publishes every snapshot and transfer on Rings. The operator does not guarantee when runs happen, that any holder is included, or the price used for the $20 minimum. A holder without a ZEC account has one opened by the keeper in the same payment, and the account's rent, at that moment's price in ZEC, is taken from that holder's share and goes to the operator's treasury; a share worth less than twice the rent is skipped and rolls over. Buying just before a snapshot and selling after it is possible; snapshot times are random and not announced.

The sapling_vault program has an admin key, a keeper key and an LP wallet. The admin can pause and unpause deposits, change how creator fees are split, only within fixed bounds (the liquidity share always gets at least 25% of each creator fee, and the treasury at most 20%), change the treasury, buyback and rewards wallets (never to the recovery address), and move ZEC left in a paused coin's own vault to one fixed recovery address. The program itself can be upgraded only by a 2-of-3 Squads multisig (its vault holds the upgrade authority; the address is below): two of three members must approve an upgrade, and the admin wallet alone cannot. The same multisig alone set the one-way switch that retired the roots and sets the LP wallet and its draw limits, within bounds the program enforces. The program stays upgradeable. Split and wallet changes take effect immediately and apply to every split made afterwards, including creator fees already collected but not yet split and creator fees still waiting at pump.fun. ZEC already in the LP pot or the pool is never affected by them. The keeper can only settle claimed creator fees by the configured split, move each coin's remaining roots to the LP pot, add liquidity through the LP wallet, send payees what is waiting for them and run holder rewards as described above. The LP wallet can only draw from the LP pot within the program's limits, and every run deposits into the $SAPLING/ZEC pool and burns the LP tokens it minted. Only the LP wallet can take ZEC out of the LP pot, within those limits. No key can change a coin's payee or take a payee's payout, and none can touch coins in your wallet.

The admin key is held by the operator. The admin can pause a coin, and only while it is paused move ZEC left in its own vault to a fixed recovery address.

Stamps come from payouts to Zcash. The shielded note a shielded exit delivers carries the payout's receipt in its memo; that note is the stamp, and its certificate is at sapling.cash/zec/exit/<signature>. A proof that the note was delivered is made with your wallet's viewing key, on your side; a viewing key shows every payment to that wallet account, so share one only with someone you would show all of that to.

Stamps issued for harvests, before harvest closed, stay valid and checkable. For a public harvest stamp, the address given and the link it created between the Solana wallet and that Zcash address are public and permanent, on both chains and on the certificate page. We cannot remove them.

A stamp is a record, not a token: it confers no claim on any asset, on the liquidity or on Sapling, and carries no promise of value or of any future conversion.

The operator never holds your coins or your funds, and holds your ZEC only for a shielded payout, for the minutes it takes to send it on (see Zcash transfers). Every launch and trade is signed by your own wallet and settles on Solana. If you lose access to your wallet, the operator cannot recover it. Other transfers from and to Zcash are held by NEAR Intents while in transit, never by the operator.

The service is provided as is. The operator does not guarantee uptime, that a coin will keep any value, that the $SAPLING/ZEC liquidity will hold any particular amount, or that pump.fun, PumpSwap, Jupiter, the ZEC bridge or Solana will keep working as they do today. Nothing on this site is investment advice. Read the risk disclosure.

You must be legally able to use this service where you live. You are responsible for knowing whether launching or trading crypto tokens is allowed for you, and for any taxes that follow. Do not use Sapling if it is not allowed where you are.

Do not launch coins that impersonate people, brands, projects or tokens, or that use their names, logos or handles without permission. Do not use slurs or hateful content in a coin's name, ticker, description or image. The site itself refuses only two kinds of names and tickers: those that pass for Sapling's own $SAPLING, and slurs. The operator may hide coins that break these rules from this site. Hiding a coin does not remove it from pump.fun or the chain, and does not change how its fees are split.

The operator may update these terms. The date at the top changes when that happens. Continued use after a change means you accept the new terms.

The operator's public channels are X, @saplingdotcash, and Telegram: the community chat @saplingcommunity and the announcements channel @saplingcash. Questions about these terms go there. Sapling never DMs you first and never asks for your seed phrase or keys.