PROTOCOL / CAPITAL FLOW

Follow the capital.

realize backs selected launches with SOL from its own Launch Reserve, bought inside the launch transaction. Creator fees from Pump.fun are routed on-chain to the Launch Reserve until the Fee-Share Threshold is reached. After that, 95% goes to the builder, 5% to realize, and the Builder Allocation streams to the builder.

realize capital flow

1. The Support Amount plus one third is bought from the Launch Reserve inside the launch transaction. realize is the first buyer on the curve.
2. Tokens bought with the Support Amount form the Builder Allocation, locked on-chain for 31 days. The extra third forms the Recovery Tranche in a labeled Recovery Wallet.
3. Creator fees accrue on Pump.fun and are routed by the Fee Router. Until Fee-Share Threshold = Support Amount × (1 + Success Share) is reached, 100% goes to the Launch Reserve. Recovery Tranche sales count toward the same threshold.
4. Once reached, every claim is split 95% to the Builder Fee Wallet and 5% to realize, and the Builder Allocation streams to the builder.
5. Every SOL of realize revenue passes through the Revenue Router: 30% back to the Launch Reserve for the next builders, 70% to the Protocol Treasury.

Accrued fees, claimed amounts, routed amounts, Recovery sales and completed splits are separate stages, each recorded on-chain. The builder never receives SOL and never owes anything.

Example transfers · The activity below illustrates the protocol flow and is not a live transaction feed.

Transfers

1 / 3

A supported token routes its creator fees through the Fee Router

At launch the token's creator on Pump.fun is set to the on-chain Fee Router. Pump.fun pays in SOL. Every claim is checked against the launch's Fee-Share Threshold before it is routed or split.

100% until threshold95% / 5% after threshold

The Launch Reserve receives 100%

Until the threshold, creator fees and Recovery Tranche sales return to the Launch Reserve: the Support Amount first, then the Success Share. The Reserve is realize's own capital and goes straight back to backing the next builder.

The Builder Allocation stays locked

Tokens bought with the Support Amount are locked on-chain for 31 days and are never sold by realize. Only the Recovery Tranche is sold, gradually, under the published Recovery engine rules.

95% flows to the builder

After the threshold, 95% of each claim goes straight to the declared Builder Fee Wallet, and the Builder Allocation streams to the builder to grow the project. Payouts are public and matched to the claim they came from.

5% keeps realize building

The 5% share enters the Revenue Router with every other revenue: 30% to the Launch Reserve, 70% to the Protocol Treasury for operations, security and growth. It is never a return to holders.

Protocol operations

Launch Reserve and Protocol Treasury controls use a multisig, never a hot wallet. Sensitive movements sit behind approval rules and a timelock. Recovery sales are automated within public limits and every sale is recorded with token amount, price, SOL recovered and remaining tranche.

Control

2-of-3 multisig, 3-of-5 for larger treasuries

Recovery per 24h

≤ 20% of the tranche, ≤ 5% of volume after migration

Max price impact

1% on the curve, 1.5% after migration

Founder cliff

30 days, then ≤ 1.5% of supply per 30 days

realize settings as of September 2026. Support tiers: Starter 1–3 SOL (10% Success Share), Builder 3–10 SOL (15%), Partner 10+ SOL (20%).

Follow the capital.

realize capital flow

1. The Support Amount plus one third is bought from the Launch Reserve inside the launch transaction. realize is the first buyer on the curve.

2. Tokens bought with the Support Amount form the Builder Allocation, locked on-chain for 31 days. The extra third forms the Recovery Tranche in a labeled Recovery Wallet.

3. Creator fees accrue on Pump.fun and are routed by the Fee Router. Until Fee-Share Threshold = Support Amount × (1 + Success Share) is reached, 100% goes to the Launch Reserve. Recovery Tranche sales count toward the same threshold.

4. Once reached, every claim is split 95% to the Builder Fee Wallet and 5% to realize, and the Builder Allocation streams to the builder.

5. Every SOL of realize revenue passes through the Revenue Router: 30% back to the Launch Reserve for the next builders, 70% to the Protocol Treasury.

Accrued fees, claimed amounts, routed amounts, Recovery sales and completed splits are separate stages, each recorded on-chain. The builder never receives SOL and never owes anything.