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SUB launch pool

SUB trades against USDC and a fee on that trading funds liquidity on the exchange.

Fee path

PUBLIC · ONCHAINSUB / USDC poolevery buy and sellUSDC feein the swapPool-fee addresstreasury multisigCONFIDENTIALEXECUTION ENGINEroutedby multisigAMM vaultquotes every marketPUBLIC · ONCHAINSUB / USDC poolevery buy and sellUSDC feein the swapPool-fee addresstreasury multisigCONFIDENTIAL EXECUTION ENGINErouted by thetreasury multisigAMM vaultquotes every market
Every SUB trade in the pool pays its fee in USDC to the pool-fee address. The treasury multisig routes all of it on to the AMM vault in deposits visible onchain. The hook enforces the first step; the second is a multisig action.

Pool rules

  • Every swap pays its fee in USDC, on buys and sells alike; no fee is ever taken in SUB.
  • The fee goes to the pool-fee address, held by the treasury multisig, which routes all of it to the AMM vault in public deposits. The routing is a multisig action, not a contract rule.
  • The pool hook has no owner, admin, pause, or sweep; every parameter is fixed at deployment.
  • An opening protection period limits early trading against first-block bots.

Launch float

200M SUB, 20% of supply, opens in the pool as one liquidity position that holds only SUB at the opening price. As buyers take SUB from it, the USDC they pay stays in the position. The treasury multisig holds the position, which earns no fees. The rest of supply follows the allocation rules.

Subliquid docs · Last changed October 28, 2026