Paraape
Reference

Roles

Who can buy, back, record, settle, challenge, and change parameters.

RoleWhat they doWhat they cannot do
BuyerHold the token, pay a premium, receive USDG if the drop is provenChallenge their own payout. Buy on a market they deployed or underwrite as the excluded insider
UnderwriterDeposit USDG into one cell, earn premiums, withdraw unlocked capitalGet paid on a drop milder than the cell they chose
RecorderCall record or recordPool. The keeper is one recorderA special permission. Recording is open to anyone
SettlerCall settleThe contract does not settle itself. The shipped keeper does not call settle
ChallengerA backing LP rechecks a pending payoutThe buyer. Anyone with no shares in a backing cell
GuardianUpdate protocol parametersDecide a price. Move LP funds. Treat two wallets as one person
PoolThe Uniswap v4 pool Paraape readsCustody. Paraape does not deposit into the pool

The token deployer and the launchpad creator stored at createMarket are excluded from buying. Passing the zero address for both, which the app does when it does not know a creator, stores the zero address. The zero address is not a buyer.