Exit Queue
Sell a big bag without crashing the chart. Your coins fill into buys at the current price.
Selling a big position on a bonding curve hurts everyone. The sale walks the price down the curve, so the seller gets less for every coin, and holders watch a huge red candle.
The Exit Queue gives big sellers another way out.
How it works
- Queue your coins. In the trade panel, pick Sell, then Exit Queue. Choose how many coins, the lowest price you'll take and how long the order stays open.
- Buys fill from the queue. Every buy through woop with Instant fills from the coin's queue first, oldest order first, at the curve's current price. Only what the queue can't cover goes to the curve.
- You're paid as it fills. The SOL from each fill is sent to you automatically.
- Take it down any time. Cancel your order and the unsold coins come back, along with anything it earned.
| Setting | Options |
|---|---|
| Lowest price you'll take | 2%, 5% or 10% below the price now |
| Keep it open for | 1 hour, 1 day or 7 days |
| Smallest order | 1,000,000 coins (0.1% of the supply) |
Orders never fill below your floor. When an order runs out of time, the unsold coins come back to you.
Why it's better
| Selling on the curve | Exit Queue | |
|---|---|---|
| Your price | falls with every coin you sell | the current price, coin after coin |
| The chart | one big red candle | holds steady |
| Buyers | pay more as the price runs up | get your coins with no price impact |
| Fees | 2% through woop | 1% a side |
| Holders | watch the price drop | earn more: a fill pays them more than a curve trade |
Who gets your coins first
For the first minute after you queue, only loyal holders of the coin can buy from your order, at 2% below the current price, along with $WOOP tier holders at the current price. After that, any buy through woop fills it at the current price. See Holder deals.
Fees
On the curve, each side pays 1%, half the cost of a curve trade:
| Slice | Of each side |
|---|---|
| Creator | 0.25% |
| woop | 0.2% |
| Promoter (buyer's link) | 0.125%, or to holders with no promoter |
| Holders | the rest: 0.425%, or 0.55% with no promoter |
There's no Raydium fee on a fill, because the curve isn't used.
Instant buys fill from the queue first, so a buy through woop is cheapest while a coin's queue has coins.
After graduation each side pays 1.25%, the same as a pool trade, split the same way. $WOOP tier holders pay half, as buyers or as sellers.
Seeing the queue
Every coin page has an Exit Queue tab: every waiting order, how much is left, its floor, what it's earned and when it ends. Your own orders show first, with a Cancel button.
Fills show in the coin's trades list like any buy, tagged Queue, or Deal for a holder deal. They count toward the coin's volume, and the chart shows them at the price they filled at.
Good to know
- Only buys through woop fill the queue. Someone buying the curve from another app skips it, so a queue can take time to clear on a quiet coin.
- Up to 12 orders wait per coin at once.
- It works after graduation. When a coin graduates your order stays open, and fills price off the coin's Raydium pool.
- The price guard. A fill only uses a price close to one the program saw a moment earlier. If the price jumps in the same instant (a bot pushing it down to buy your coins cheap), nothing fills from the queue and the buy goes to the market instead.