Programs and addresses

The on-chain programs behind woop, and how to check payouts yourself.

woop runs on four programs of its own, on top of Raydium LaunchLab.

Programs

Program	What it does
Raydium LaunchLab	Bonding curves, fee collection, creator locks, graduation into a Raydium pool
`woop_core`	Launches and fair launches (both with the optional creator lock), ticker protection, trades through woop and their rebates, fee claims, fee splits, pool creator fees, pairs
`woop_rewards`	Hold-to-earn payouts, by Merkle claim
`woop_exit`	The Exit Queue and holder deals (Dip Rights)
`woop_batch`	Fair Blocks

woop_core: E9bGbtxU6PrAVAtw91mXEyyzeGVBeN1Zxzpw3rpag39z

woop_rewards: HQuYRA468Kot14DfrR4C7rUPQvygH3xuumZ6yMCamAXt

woop_exit: 2fpLFoEVB83iN5RgdnHeHwCYoHgy13jTRDf2FmeYiZ5L

woop_batch: Dx5zTo7X6paaiYc43pkskccj9zfnByDSrKbfdBc7eBJ

Raydium LaunchLab: LanMV9sAd7wArD4vJFi2qDdfnVhFxYSUg6eADduJ3uj

woop's programs: published at launch.

Curve trades. LaunchLab collects the platform and creator fees. A trade through woop goes through woop_core, which pays the trader's 1.25% rebate in the same transaction. woop_core then claims the fees into the coin's own treasury. Anyone can trigger the claim, but the money can only go to that treasury.
Graduation. The coin's share of pool fees is held as a Fee-Key NFT. woop_core collects the fees it earns into the same treasury. The pool also owes the coin a 0.25% creator fee; woop_core collects it and sends all of it to the creator.
Split. Each claim first repays the rebates paid on that coin's trades through woop and pays the creator's bonus. Then woop_core splits the rest between holders, the creator and woop, at the rates on Fees.
Holders. The holders' share moves to the coin's woop_rewards vault, ready to be claimed.

Hold-to-earn payouts use Merkle claims. You don't have to trust our numbers.

Each period, a Merkle root is posted on-chain to woop_rewards. The root commits to every holder's lifetime total.
Each leaf is one wallet and its total. Your claim pays the difference between that total and what you already claimed.
The program checks your proof against the root. A root can't promise more than the vault holds plus what's already been claimed.
Anyone can submit a claim for a holder, but the money only goes to the holder's own token account.

To check your amount, rebuild the leaf for your wallet from the proof the app gives you and verify it against the root on-chain.