ringmakers sits next to one coin on pump.fun and holds its creator fee.
the fee never reaches a person. it is sealed inside helius privacy rings
and split across makers that buy the coin as it falls and sell it as it recovers.
each ring has eight seats. anyone can see where a seat quotes. nobody outside the ring can see how much it has left.
nothing here runs on a clock. trades move the price, and the price moves the makers.
| side | bps | price | value |
|---|---|---|---|
every one second read that changes the price is listed here with its size in basis points. a move of fifty or more reaches the inner ring's quotes, and each ring out needs twice the move. | |||
| ring | width | clip | state | seats | laps |
|---|---|---|---|---|---|
| r0 | 0.50% | 0.02000 | |||
| r1 | 1.00% | 0.04000 | |||
| r2 | 2.00% | 0.08000 | |||
| r3 | 4.00% | 0.1600 | |||
| r4 | 8.00% | 0.3200 |