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Product overview, mechanics and risk disclosures. See also the WhirlScore methodology.
An independent third-party launchpad built on Orca Whirlpools. It is not an Orca product and is not affiliated with any stock issuer.
Creators launch a token whose bonding curve is quoted in a verified tokenized stock (for example SPYx). Buyers pay the stock, receive a bonding position, and when the curve reaches its graduation target the raised stock plus the migration allocation are deposited into a pre-reserved Orca Splash Pool and permanently locked.
A virtual constant-product curve with parameters fixed at creation: 80% of supply is sold on the curve, 20% is reserved for migration. The graduation target G is chosen within the stock's allowed range; the curve's final price equals the Orca opening price by construction (tolerance 1 bp).
Every rounding step favours the curve: buyers receive floor, payers pay ceil. Fees (default 1%, hard max 3%) are charged in the stock.
Every launch opens with a protocol-enforced deposit window. Deposits are pooled, capped at a share of the graduation target, and finalized in one transaction so all participants pay the same opening price; excess is refunded pro-rata. Creators cannot disable it.
Graduation Guarantee — Orca migration infrastructure is reserved and verified before bonding opens. The Splash Pool is initialised (or validated empty) at the committed price during creation. At graduation the program deposits liquidity, locks the position permanently and re-verifies pool, position and lock on-chain before marking the launch Graduated.
The guarantee covers infrastructure, not outcomes: it does not promise any price, liquidity depth or that the target will ever be reached.
Bonding fees and post-graduation LP fees of the locked position are split 70% to active stakers, 15% to the protocol treasury and 15% to $POOL buybacks (rounding remainder to buyback). Stake a launched token to earn its paired asset through an on-chain reward index. Unstaking stops rewards immediately and requires a 24-hour cooldown before withdrawal. Passive holdings earn nothing.
Stocks are verified by Whirlpool for current Orca compatibility: token program, Token-2022 extensions, Orca TokenBadge and fee tier are scanned continuously and fingerprinted. Any change moves the stock to Review and blocks new launches until re-verified. Verification is about Orca compatibility only — it is not an endorsement of the issuer.
Launch tokens are speculative and can lose all value. Bonding positions are not transferable until graduation. Tokenized stocks are issued by third parties under their own terms; issuers may pause transfers or freeze accounts under their programs. Smart contracts can contain bugs. Nothing on this site is investment, legal or tax advice, and no return is promised or implied.
WhirlScore is a transparency score computed from public data. It is never a prediction of price and never a recommendation.