Glossary

AMM

Automated market maker. A pool that prices assets via a formula instead of an order book. rug / run uses CPMM specifically.

Bias slider

The setting (5–95%) the first LP picks to choose starting RUG odds. Subsequent LPs cannot rebias.

CPMM

Constant-product market maker — the formula x × y = k, where x and y are pool reserves. Used by Uniswap v2, Raydium, and rug / run.

Devnet

Solana's test network. Free to use, has no real value. rug / run currently runs on devnet only.

LP / Liquidity provider

Someone who deposits SOL into a market's pool and receives LP shares in return. LPs earn 25 bps of every trade and bear directional risk if the bias is non-neutral.

LP-lock window

The last 5 minutes before resolution, during which remove_liquidity is disabled. Trading stays open.

Oracle

The off-chain service that reads token prices from DexScreener and posts final_price on-chain at resolution. Runs as a long-running Node process on Railway.

PDA

Program-derived address. A Solana account whose address is deterministic but has no private key — only the program can sign for it. Used for the market, pool, vault, position, and LP-share accounts.

Rug

Outcome label. A market resolves "Rug" if final_price ≤ 20% of initial_price.

Run

Outcome label. A market resolves "Run" if final_price > 20% of initial_price.

Slippage

The difference between the price you expected and the price you actually got, caused by your trade moving the pool. The Trade panel's payout preview already accounts for it.

Vault

A PDA System account that holds the SOL backing a market. The team has no key to it — only the program can move funds, and only via the redeem and resolution instructions.

Whale signal

The public, real-time trade feed on every market page. Big trades show up immediately, so smaller traders can use them as a directional signal.