Asset-backing protocol · Solana
Live on-chainThe first asset-backing protocol on Pump.fun.
$ASSET creates a redeemable baseline value for token holders. Even if the market price falls to zero, eligible holders can still claim their proportional share of the SOL backing pool — without burning a single token.
Live
Protocol dashboard
SOL backing
Total reserve held in the on-chain backing pool
Backing / token
0.000e+0 SOL · P = B / S
$ASSET price
Market-set
Total redeemed
Cumulative SOL paid to holders
Pool growth 24h
Net change over the last day
Asset backing ratio
Backing per token ÷ market price. 100% means the pool fully covers the price.
—
Market price not indexed
- Market price
- Not indexed
- Backed price
- —
- 0.000e+0 SOL
Backing history
Wallet
Connect a Solana wallet to view your position, eligible balance and redeem SOL backing.
How it works
Four steps from a trade to a redemption.
Every stage of the protocol is observable on-chain. Hover a step to see the account flow behind it.
01
Trade
$ASSET trades through the supported market infrastructure.
Swap → market program → creator-fee accrual
02
Fees flow
Eligible creator-fee revenue is routed into the Asset Backing Pool.
Fee destination → fee router → backing pool account
03
Backing grows
The protocol continuously measures SOL backing against circulating supply.
getBalance(pool) ÷ getTokenSupply(mint) = backing / token
04
Redeem
Eligible holders receive the protocol-defined proportional share and keep their tokens.
transfer(SOL) + redeemed_total += amount in one atomic instruction
Core mechanism
Fees become reserves. Reserves become backing.
Trading activity on Pump.fun generates creator fees. 100% of protocol-designated fees flow into an on-chain SOL backing pool. Eligible $ASSET buyers keep their tokens and redeem their proportional share of the pool at any time.
$ASSET
Backing engine
100% of eligible creator fees are directed to the backing mechanism.
The flywheel
Activity strengthens the reserve. The reserve is observable.
Trading generates creator fees; fees increase the SOL backing pool; a larger, transparently reported reserve gives holders a verifiable reference point. The protocol makes no promise about market price direction.
What happens if price falls?
Market price ≠ backing value
The market can price $ASSET above or below its calculated backing. The protocol does not control market price. It provides transparent on-chain accounting of the SOL backing pool and the corresponding redemption mechanics.
Market price
Not indexed
Set by buyers and sellers. It can rise or fall for reasons entirely unrelated to the reserve, and it is not controlled or defended by the protocol.
Protocol backing
0 SOL / $ASSET
Derived from the pool balance and circulating supply at the latest verified slot. It changes only when eligible SOL enters the pool or supply changes.
These are two separate metrics measuring two separate things. The redemption mechanism lets a holder exchange tokens for their proportional share of the eligible reserve at execution-time state — it is not a promise of profit, and it is not a price floor.
Why the backing can grow
Deposits raise the backing. Redemptions draw it down.
Backing per token is a ratio: P = B / S. Eligible fee deposits increase B. Supply S is fixed — no tokens are ever burned. Redemptions draw SOL from B and are permanently recorded per wallet.
Creator fees
+ SOL
Eligible deposits flow into the backing pool and raise B.
Backing pool
+ SOL
The reserve balance is readable directly from the chain.
Backing / token
↑
With supply unchanged, a larger reserve raises P.
Example — growing backing
B = 100 SOL S = 1,000,000,000 $ASSET P = 100 / 1e9 = 0.0000001 SOL creator fees add +50 SOL B = 150 SOL, S unchanged P = 150 / 1e9 = 0.00000015 SOL
Example — redemption
B = 150 SOL
S = 1,000,000,000 $ASSET
H = 10,000,000 $ASSET
O = H / S = 1%
R = O × B = 1.50 SOL (estimate)
after: S = 990,000,000
B = 148.50 SOL
P = 0.00000015 SOLRedemption calculations are based on on-chain state at execution time. Estimated values can change before confirmation.
Interactive calculator
Model any pool, supply and balance.
Adjust the inputs to see backing per token, your ownership share and the estimated proportional pool share.
1,000,000,000
Fixed at 1 billion — never changes
Estimate — final redemption is determined on-chain at execution.
25,000,000 $ASSET of 1,000,000,000 circulating = 2.50% of a 500.00 SOL pool.
Live activity
Every fee has a destination.
FOLLOW THE SOL.
Every fee has a destination.
Every reserve is observable.
Every redemption is accounted for.