The current V4 mechanics, without the old V3 or buyback language.
What is LONGSHOT?
A launchpad where every token can fund a fixed long or short Hyperliquid position from its own trading taxes, while another share of those taxes funds rewards for holders.
Where does each trade go?
The chosen 1–4% creator tax splits 40% to position capital, 40% to holder rewards and 20% to OPS. A separate fixed 0.30% protocol fee applies to every buy and sell. OPS is not described or executed as a LONGSHOT buyback-and-burn.
How does graduation work?
A V4 launch begins on the LONGSHOT bonding curve. When its net real WETH reserve reaches 6 ETH, graduation is automatic and liquidity moves to a permanently locked canonical Uniswap V4 pool.
Can GMGN or another bot trade it?
Before graduation, only if the integrator supports the LONGSHOT bonding router. After graduation, standard Uniswap V4 routing is available. Integration details are published at /api/gmgn-integration.
Which networks are live?
Robinhood Chain (4663) and Base (8453) run LONGSHOT V4. Solana connects pump.fun launches through its native fee-sharing flow; those tokens keep trading on pump.fun rather than the EVM V4 contracts.
Has V4 been externally audited?
Do not assume so. Mainnet deployment and smoke tests are not a substitute for an independent security audit. Smart-contract, keeper, bridge, oracle, reward-token and leveraged-position risks remain.
What am I actually buying?
A normal ERC20 that trades in its own Uniswap V3 pool against WETH. Its price is independent and market-driven — it is not redeemable for, or pegged to, the leveraged position. The position is a side vehicle funded by the token's own trading fees; it reaches the token price only through buybacks.
So the token is not a leveraged ETF?
No. There is no NAV, no redemption and no rebalancing against a basket. That is deliberate: it keeps the product in the same mechanical shape as a fee-mechanic token rather than a tokenized derivative.
Where does my trading fee go?
Every trade pays a fee that splits 40 / 40 / 20 — position capital, holder airdrop pool, operating costs. A buy fees in WETH, a sell fees in the token, and each currency keeps its own complete bucket set.
When does the position actually open?
Once accrued position capital crosses the threshold ($50.00 by default). Until then the token trades normally with no position behind it. Every later crossing tops the same isolated position back up to the creator’s target leverage.
Can the creator change direction or leverage later?
No. Underlying, direction and leverage are immutable for the life of the token — including after a liquidation event, where the position reopens with the same parameters.
What happens when a position gets liquidated?
That capital is lost. The token keeps trading, fees keep accruing, and the position reopens on the next threshold crossing with the original parameters. The airdrop pool is a separate stream and is untouched by a liquidation.
How risky is high leverage here?
⚠ Above 10× the liquidation buffer drops under ~10% of entry price — a routine move on the underlying can wipe the position’s margin. Leverage is capped per asset by the factory owner, and the cap is curated by hand against Hyperliquid’s real listings.
How do airdrops reach me?
At $25 of live pending value, the keeper snapshots holders, buys the selected reward, and pushes pro-rata transfers in resumable batches; there is no claim step. Stock rewards remain unswept until a verified stock-buy venue is wired.
Who is the keeper and what can it do?
A rotatable role read live from LaunchFactory. It automates position funding, holder rewards, and the 20% OPS stream. It cannot change a launch’s immutable parameters.
Can anyone stop trading on a token?
No — including us. Uniswap V3 pools are permissionless forever once deployed, and there is no pause or emergency-stop role anywhere in the protocol. That was traded off deliberately for a more reliable fee-capture mechanism.
Can liquidity be pulled from a launch?
No. The pool seed is deposited single-sided and permanently locked; no remove-liquidity path exists anywhere in the contract.
What does pre-graduation mean?
There is no bonding curve or migration — trading starts in the launch transaction itself. Graduation is reached at 4.2 WETH of paired principal in the permanently locked V3 position. It is a status milestone only; trading continues in the same pool.
Which assets can a token bet on?
Any Hyperliquid perp. The asset is an open bytes32 symbol, not a fixed enum — the gate is the factory owner setting a leverage cap for that symbol before a creator can launch against it.
Is this live?
Yes — live on Robinhood Chain mainnet (chain id 4663). Launch, buy, fee collection, and sweep are all confirmed on real transactions with real ETH.
Why does anything ever show “unavailable”?
Most numbers here — volume, fees routed, open notional, position PnL — read directly from on-chain events or Hyperliquid's public API, no separate backend needed. The one thing that genuinely can't be shown yet is a log of the keeper's own execution history (what it did and when): that has no on-chain or public-API source, so LONGSHOT leaves it blank instead of inventing one.
Is the token image or my links on-chain?
No. Image, website, X, Telegram and GitHub are launch metadata for display only. LaunchFactory.launch() does not write them.
I run a terminal or indexer — where do I start?
Watch LaunchFactory’s Launched event, verify with isLaunchPool(), and read display data from LaunchLens.getLaunch(). The Docs page has the discovery calls, the lens fields and the price formula.
Nothing here is financial advice. Leveraged positions can be liquidated in full. This is a live mainnet deployment — every transaction uses real ETH.
LONG
