LEASE

Getting started

The app is at /app and runs on Solana mainnet. Connect a wallet to create a pool, add liquidity, bid for a seat or swap.

As an LP

  1. Open Pools, pick a pool.
  2. Enter amounts; the app shows the shares you will get.
  3. Add liquidity. Rent accrues to your position every slot.
  4. Claim rent any time. Removing liquidity pays a 0.011% fee to the seat holder.

As a bidder

  1. Open The seat on a pool. It shows the live seat's rent and the queued bid.
  2. Enter your rent per slot. It must beat the queued bid by more than 10%.
  3. Prepay at least 900 slots of rent.
  4. Choose your fee, up to 3%.
  5. Bid. You take the seat 900 slots later if you beat the live rent by more than 10%; otherwise when the live seat's deposit runs dry, never before those 900 slots.
  6. While seated, set the fee, swap at zero fee, and collect fees with Claim.

As a trader

Swap as usual. The fee is the seat holder's, at most 3%, or 1% when the seat is empty.