Trading

The trade panel on every token page has two tabs. Buy spends the chain's native coin (ETH on Robinhood Chain and Base, USDC on Arc, BNB on BSC, SOL on Solana) - or the pair asset on a custom-pair token - and receives tokens; Sell does the reverse. Quick-amount chips (0.01 / 0.05 / 0.1 / 0.5 of the native coin on buys, 25/50/75/100% of balance on sells) cover the common cases; both sides accept custom amounts. Prices display in USD or native terms - a global toggle, since the truth underneath is always the native amount.

Every trade pays the token's swap fee - the one its creator fixed at launch, between 0.5% and 5%, shown on the token page - plus the platform and referral add-on of 0.35% that rides on top. The pool's own LP fee is zero: the hook takes the whole fee inside the swap, on buys from the coin you send and on sells from the coin you receive. Where it goes: Fees & earnings.

The panel picks the execution path from the token's venue; you never choose a router. On the board every row wears a venue chip (V4, Infinity, PONS) so you can see it before opening the page.

The two BSC routers are the same ABI compiled against two different singletons: the Infinity router settles token and BNB balances through PancakeSwap's Vault lock, the V4 router through the PoolManager's unlock. A BSC token lives in exactly one of them, fixed at launch, and the app resolves which from the launcher that emitted it. Every router is a thin pass-through: it holds nothing between transactions and every swap is bounded by your own minimum-received amount.

The quote you see while typing is read live from the pool through the router's quoter (or from Jupiter on Solana). The quote that protects you is a different one: at the moment you submit, the app takes a fresh quote and derives a minimum-received bound from your slippage tolerance (presets 0.5% / 1% / 3%, or custom). If the price moves past that bound before your transaction lands, the trade reverts - you keep your funds instead of filling at a worse price. Every swap also carries a deadline, so a transaction stuck in a wallet for minutes cannot fill against a stale price later.

• One transaction; no approval needed when you are spending the native coin. Buying a custom-pair token with its ERC-20 quote (USDG, USDC, a tokenized stock) needs a one-time approval of that quote to the router first.
• The router refunds any unspent native coin in the same transaction, so an exact-out buy never overpays.
• On a token with active holder rewards, the buy is what earns you a share of the fee stream from that block on - there is no staking step.
• On a curve venue (see below) the curve's own rules apply: a minimum buy of 0.0001 of the native coin, and the completing buy is charged only what fills the curve, with the excess refunded.

• The first sell of a token needs a one-time approval transaction (a standard ERC-20 allowance to degen.zone's router for that venue); after that, selling is a single transaction. On Solana there is no approval step at all.
• Your minimum-received bound works exactly like on buys - a stale price reverts rather than fills.
• The pool is the counterparty. A direct-launch pool was seeded with the full supply below spot and its LP position burned, so there is always a bid; the depth at any price is whatever the market has bought up to that point.

A direct-launch pool has no wallet cap and no anti-sniper window: the whole supply is on the book from the first block, priced below spot, and the fee hook is the only thing between a trader and the pool.

The home page's feed and the token page update over a realtime socket. Launches and trades are pushed with a target of under a second from the chain event - the feed animates a new token in the moment it exists. Behind the instant feed sits a durable indexer that is the source of truth; if the two ever disagree for a moment, the indexer wins, which is why a card can very occasionally adjust a value a second after appearing. Charts are built server-side from every indexed trade, at intervals from 1m to 1d. On BSC the indexer reads both singletons, so an Infinity pool and a V4 pool chart the same way.

Robinhood, BSC, Base, Ethereum and Arc direct launches have no curve and no graduation: the pool you trade on day one is the pool forever. A bonding curve with a graduation step still describes three places: the PONS venue on Robinhood (graduates into a Uniswap V4 Meme-hook pool, then trades in-app as above), a Solana native-SOL launch on Meteora DBC (graduates into a Meteora DAMM v2 pool), and the coming-soon chains Ronin (would graduate to Katana V3) and HyperEVM. While a token bonds, every trade is a direct exchange with the curve contract at the curve's price. See Graduation.