Raise Setup

Setting Up a Raise

A project configures:

• What it is selling: token and supply percentage (for example 30%)
• Token price: fixed USD price per token (implying valuation)
• Accepted depositDepositThe action of investing collateral into a raise. Collateral is received by the raise contract, routed to the yield strategy, and a pFT position NFT is minted. At deposit time, a live oracle price feed determines USD notional for FT allocation via deposit-time conversion. assets: USDC, WETH, and others
• Raise capRaise CapMaximum accepted deposits for a raise, configured at setup time.: maximum accepted depositsDepositThe action of investing collateral into a raise. Collateral is received by the raise contract, routed to the yield strategy, and a pFT position NFT is minted. At deposit time, a live oracle price feed determines USD notional for FT allocation via deposit-time conversion.
• Yield strategyYield StrategyProtocol used to generate yield on deposited capital. Aave V3 is the only supported strategy at launch. Yield funds the platform fee, project ecosystem budget, and buyback and burn.: Aave V3 by default at launch
• Transferability: must be explicitly enabled before investors can claim project tokens via withdrawWithdrawClaim project tokens and forfeit principal protection on the withdrawn amount. Implemented by withdrawFT. Requires transferable to be enabled. Released capital moves to capitalDivesting for buyback and burn.; see Roles and Permissions for the enableTransferable gate

Each accepted collateralCollateralThe asset an investor deposits into a raise (e.g., USDC, WETH). Each accepted collateral type runs in an isolated pool with independent reserve accounting. Active collateral is routed to the yield strategy and backs investor principal protection. asset is isolatedRaise IsolationEach raise operates with independent reserve collateral accounting, position state, yield strategy routing, and admin controls. A failure in one raise does not affect unrelated raises.. A project accepting USDC and WETH runs parallel isolatedRaise IsolationEach raise operates with independent reserve collateral accounting, position state, yield strategy routing, and admin controls. A failure in one raise does not affect unrelated raises. pools per asset, with separate reserveReserveThe pool of collateral backing investor positions in a raise. In normal operation, each investor's proportional share equals their original deposit. In a shortfall, proportional settlement ensures fair distribution. Reserve accounting is per-raise (isolated). accounting.

Pricing

Fixed token price, live collateral price

Each raise has a fixed USD price per project token. This does not change during the raise.

CollateralCollateralThe asset an investor deposits into a raise (e.g., USDC, WETH). Each accepted collateral type runs in an isolated pool with independent reserve accounting. Active collateral is routed to the yield strategy and backs investor principal protection. value used at depositDepositThe action of investing collateral into a raise. Collateral is received by the raise contract, routed to the yield strategy, and a pFT position NFT is minted. At deposit time, a live oracle price feed determines USD notional for FT allocation via deposit-time conversion. is live-priced by oracle feed at transaction time. This normalizes allocation across accepted assets.

After depositDepositThe action of investing collateral into a raise. Collateral is received by the raise contract, routed to the yield strategy, and a pFT position NFT is minted. At deposit time, a live oracle price feed determines USD notional for FT allocation via deposit-time conversion., exit conversion uses position math (strikeStrikeOracle price at deposit time, scaled to 1e8 (Chainlink standard). Recorded during deposit-time conversion and used for exit calculations — the oracle is not consulted again at exit time., ftPerUSDftPerUSDNumber of FT(fundraising token) per USD at the raise's fixed token price, scaled to 1e8. Recorded at deposit time and used in exit conversion formulas., token decimals), not real-time market repricing.

Valuation math

FDV = token price * total token supply

Example:

• $0.10/token * 1B supply = $100M FDVFDV (Fully Diluted Valuation)Token price multiplied by total token supply. Used to express raise valuation. Example: $0.10/token × 1B supply = $100M FDV.
• Selling 30% at $0.10 implies up to $30M notional raise

Raise Isolation

Each raise is fully isolatedRaise IsolationEach raise operates with independent reserve collateral accounting, position state, yield strategy routing, and admin controls. A failure in one raise does not affect unrelated raises. — independent reserveReserveThe pool of collateral backing investor positions in a raise. In normal operation, each investor's proportional share equals their original deposit. In a shortfall, proportional settlement ensures fair distribution. Reserve accounting is per-raise (isolated). accounting, position state, yieldYieldReturns generated by the yield strategy on deposited collateral. Variable and not guaranteed. Distributed via the yield waterfall: platform fee (10%) to DAO, then net yield (90%) to the project. routing, and admin controls. See Guarantees for details.