where the fee goes
Every fee Glasspad ever collects, and where it goes. Stated as it exists today, not as it is meant to become. What is not deployed yet is marked as such, not implied otherwise.
01 · the house cut
the glasshouse: a seat on the board
20% of the protocol's pool fee is set aside for the top 10 accounts on the points board, split evenly across whichever seats are filled. Seats rotate every 24 hours, re-drawn from the live board. The other 80% goes to the treasury, same as an empty seat's share — nothing here is burned or hidden.
The mechanism is a fixed-length, 10-seat contract, audited by its own test suite (30 passing tests, including a 256-run fuzz check on value conservation and a dedicated test that one reverting seat cannot block any other seat's payout). What it is not: a promise of income. Total protocol fees on Arc today are small — a seat's share of them is currently a fraction of a cent, and anyone can verify that on-chain once the receiver is live. The mechanism is real; what it currently pays is not.
A seat is earned the same way as everything else on the board: launch, trade, bridge, and hold. There is no separate application and no admin allocation.
02 · the disclosed first buy
glasspad buys into what it lists
Glasspad buys between 1 and 3 USDC of every new token, a few minutes after it launches, and holds it. The amount is random. The buyer wallet is public and every buy is listed. It never sells, and it earns no points.
The buyer wallet does not exist yet. While it is null, the site makes no first-buy purchases and accepts no reports. Publishing an address here is what turns the feature on, and it is also the disclosure.
03 · $GLASS
the team's own token
Nobody is given $GLASS. It is a fair launch with no presale and nothing set aside, and everyone buys in the open, the team included. A seat does not change that. The team will buy 1,000 USDC of $GLASS in the launch transaction and time-lock it. The lock contract address is published here before launch.
No presale, nothing set aside, and no allocation ahead of the public pool — the team buys in the same transaction as everyone else, and what it buys is then time-locked.
04 · glasspad vs argus
the same chain, two different mechanisms
Both run on Arc, gas in USDC, both build on Uniswap v4. The rest is a real design choice, not a marketing claim, so it is compared here in full rather than picked apart in prose.
| glasspad | argus | |
|---|---|---|
| chain | Arc, gas in USDC | Arc, gas in USDC |
| venue | Uniswap v4 + hook, LP locked at launch | Uniswap v4 + per-token hook, LP locked at launch |
| supply / start | Factory launch, trade from first block | 1B tokens; default open ~$2.5k MC, bond mark ~$45k |
| pool / hook fee | Dynamic 0.25%–10% (or static if chosen) | Fixed pool 1% |
| extra buy/sell tax | Not required; the LP fee is the trade cost | Creator tax 1–10% per side, frozen at launch |
| opening protection | On-chain MEV auction (bid in USDC) | ~99% / ~6% / ~0.2% snipe tax over ~3 seconds |
| protocol cut of creator revenue | 0% of FeeLocker LP fees | 10% of collected tax, then 90% to the creator split |
| where the rest goes | Up to 7 fee recipients, 10,000 bps | Creator / buyback-burn / USDC dividends / liquidity |
| holder USDC yield | Not default on the locker | Native USDC dividends if allocated at launch |
| launch cost | 0 USDC sponsored (1/wallet/24h) or gas | Creator pays gas in USDC |
| points / token | Points on-chain, not $GLASS | Platform take feeds $ARGUS buyback/burn (stated ~80% of Argus share) |
| what graduation does | No second pool. The hill is a board slot. | Bonded flag on the same pool. No migration. |
Argus figures are as published by that project; Glasspad has no visibility into their internals beyond what they disclose. If either side updates a number, this table should change to match — not be reworded around.
05 · full rules
the rest of the rulebook
Points, tiers, and what they do are on /guidelines. The live seat board is on /points.