Launchpad Protocol

$RAY token's narrative centers on an ordinary guy named Ray who just wanted a peaceful retirement but got featured on BBC and now eyeing Oscars.

$RAY is bullish

$BORT The part of BORT I like most is the custody design. Putting funds in each agent’s ERC-6551 wallet, with capped, expiring, revocable spend grants, means the worst case is bounded by what the owner granted. My question is about the layer those caps don’t cover. Hunter agents read signals from public Telegram groups and X, then trade on them, a pump group or a coordinated account can post a “signal” written to push a model into buying a token. So what sits between a scraped signal and an executed trade?

Is there a minimum liquidity or holder-distribution check before a buy?

Is there a per-token position cap that’s separate from the overall spend cap?

Can an owner require manual approval above a set size?

The docs say a third-party audit hasn’t been published yet. I appreciate that honesty. When it happens, I’d like the scope to cover the runtime and signal-handling logic, since that’s where most of the risk is.

$RAY LaunchLab's creator-fee docs need a version check. The 'LaunchLab creator fees' page says the default post-migration split gives the creator a 10% Fee Key NFT. But 'How creator fees work' says migrations after the 2026-08-17 upgrade combine creatorScale with platformScale into a platform-owned locked-LP share. The migration instruction docs describe the same change.

That's a meaningful difference for someone estimating what they can earn from a launch. LP-fee rights and CPMM creator fees aren't the same thing.

Could you mark the older explanation as pre-upgrade and link it to the current flow? A before/after table showing the fee type, recipient, claim method and applicable migration date would help. It should also explain when platform_cp_creator replaces the launch creator as the CPMM fee recipient.

https://docs.raydium.io/products/launchlab/creator-fees

https://docs.raydium.io/user-flows/how-creator-fees-work

https://docs.raydium.io/products/launchlab/instructions

$RAY is up 150% in 30 days and this time the fees came first. Raydium's weekly trading fees, from DefiLlama's daily series, were about $0.7M a week through July, around $2M a week in August, then $5.3M, $10.8M, $8.2M and $8.4M in the four September weeks. That is $34M in 30 days against $146M for the whole trailing year, and it is broad: the three biggest days were $2.5M, $2.2M and $2.0M, not one outlier. Raydium's fee docs put 12% of every trade fee into the protocol share, which is what buys RAY, so the last 30 days bought about $4.1M of it. At the pace of September that is near $50M a year, 9.6% of the $522M market cap and 4.7% of the $1.07B fully diluted value, with about half the supply still to come out. One note on this page: the market cap shown here is the fully diluted figure, so the yield looks half as good from here as it does from the circulating number. My question is the durability of September. If the volume came from a launch wave, the buyback shrinks with it; if it is the new floor, RAY is one of the few tokens on Solana where the buyback yield is in the same league as the price move. Anyone tracking where the September volume came from?