Dev builds Solana fundraising platform that auto-refunds backers if a project fails
An independent developer has launched Keep, a non-custodial fundraising platform built on Solana that offers automatic refunds to backers when a project does not meet its success criteria. Builders set a fixed USDC fundraising target, and backers receive tokens at a fixed price during the raise window. If the token's price fails to hold a defined threshold at day 7 or day 30 post-launch, the protocol automatically unwinds the liquidity pool and distributes recovered USDC back to token holders on a burn-to-claim basis. No third party holds the funds at any point; the smart contract manages all disbursements autonomously. Backers who sold their tokens during the hold period forfeit their share of the refund pool, which is instead split among those who continued holding.
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