Buy and sell · Docs

You can buy and hold a fund token without mining, signaling or joining auctions. The Trade page shows the price chart and the trade card, and the Treasury page lists every holding in full.

Before buying

Look at the actual holdings, their prices, the pool's liquidity and who signals. A fund's name or theme does not tell you what it owns; its treasury balances do.

Each fund trades in one pool on Uniswap V4, against its base asset (USDC unless the team chose another). The pool opened with the team's deposit and newly minted tokens, and that starting liquidity is locked forever. Other people can add liquidity later and withdraw it again; see Add liquidity. The pool's depth is separate from the fund's treasury.

Every fund also has a premint: tokens minted at launch, including a team allocation that the team gets for free, with no vesting or lockup. The fund page does not show that amount, so check it yourself:

Find the launch amounts. On the Launchpad contract, read launchIdByCoin with the fund token's address, then getLaunch with that ID. creatorCoinAmount is the team allocation, coinSeedAmount is the pool tokens and originalCreator is the wallet that received the allocation. The fund's contract addresses are listed under Addresses.
Compare them with the supply. The bigger the team allocation is against the supply, the bigger the team's claim on the treasury and the more they could sell into the pool.
Check what the team holds now. Look up that wallet's balance of both the Fund token and the Signal token on a block explorer. Signaled tokens sit in the Signal token contract, so the team's wallet can show few or no fund tokens in Holders while the team still controls them. A smaller balance does not prove they sold: tokens can move to other wallets.

The trade card

Choose Buy or Sell and enter the amount you pay under You pay. 25%, 50%, 75% and Max beside your balance fill it from your wallet.
The card shows You receive, the Price, the Price impact and You receive at least. Open Max slippage to change it: Auto is 0.5%, and you can set up to 5%. A quote is valid for ten minutes.
Press Buy or Sell, check the review, and press the same button again to send it to your wallet. If the trade moves the pool price by 10% or more, the review asks you to tick that you understand first.

Trades go through Uniswap's official Universal Router and use Uniswap's own approval setup. The first time you pay with a token, your wallet asks for up to three confirmations, in order: an approval that lets Permit2 move that token, a Permit2 approval that lets the router use it for 30 days, and the swap. After that, each trade with the same token is a single confirmation. After 30 days the router approval is asked for again. The router only ever takes tokens from the wallet that sends the trade, and you can revoke either approval at any time.

Smart wallets that can bundle steps, such as a wallet upgraded to a smart account, confirm everything in one go, even the first time.

If the price moves past your minimum before the trade lands, the swap is cancelled and only gas is spent. Refresh the quote and try again.

Swap fees

Swap fees: example at 1%. A trader pays 100 USDG for GBX. The 1% fee, 1 USDG, is taken from what they pay: 0.70 goes to the team side, which is the fund unless the team chose a fee wallet, and 0.30 to the protocol. The split is fixed in the pool contract. If the protocol fee address is switched off, the team side receives all of it.

Every trade in a fund's pool pays the fee chosen at launch, from 0.01% to 10% (the app defaults to 1%). That fee is permanent, taken from the token the trader pays with. The fee is split between the fund's fee recipient and GlazeCorp. The app sends the team share to the fund by default. In Settings → Swap fee on GlazeCorp's launch page, choose Team to send that share to the team's fee wallet instead, or Fund to keep it with the fund. With team fees Off, it goes to the fund:

Setup	Who gets the chosen swap fee
App default: the fund	70% fund treasury, 30% GlazeCorp
Swap fees directed to the team	70% team, 30% GlazeCorp
Liquidity providers	Nothing: LP tokens do not earn it

For example, at a chosen fee of 1%, a $1,000 trade pays a $10 fee: $7 to the fund (or the team's fee wallet) and $3 to GlazeCorp. Fees sent to the fund add to its treasury, so they count toward every holder's backing. The table and example assume protocol fees are enabled. When disabled, newly collected fees go entirely to the current team destinations, and outstanding protocol-role claims also pay those destinations.

Where the 1% swap fee goes

Illustrative trade

Fee on this trade$10

On a $1,000 trade the 1% fee is $10: $7 to the fund treasury and $3 to GlazeCorp.

A fund has a permanent swap fee from 0.01% to 10%, paid in the trader’s input token. This example uses 1%. 70% goes to the fund’s fee recipient and 30% to GlazeCorp. The recipient is the fund treasury unless the team chose its fee wallet. Liquidity providers do not earn this fee. Fees build up in the pool until anyone collects them.

Fees wait in the pool until collected. Anyone can collect them and send them to the current recipients. Withdrawing through the app collects the fund's share first, so it counts toward your payout.
Fees arrive in both tokens, the fund token and its base asset, depending on which side traders pay with.
The recipient can change. The team can only pick their fee wallet when the team fee is on. After launch, the fund's owner can set a separate recipient for each token under Manage → Settings → Fees & recipients. Fees not yet claimed go to the recipients set when they are claimed.

Market price and backing

Market price is what the token trades for in its pool. It can be above or below the value of the fund's holdings.
Backing per token is an estimate from the treasury's balances and the prices available for them. Missing prices make it incomplete.
Withdrawal burns fund tokens for the same share of every listed treasury asset. It pays those assets, not a fixed amount of USDC.

Backing is not a price floor. What you can realize depends on the assets, their liquidity, how the tokens behave and transaction costs. Read Withdraw assets before choosing that route.

Mining is a separate way to earn new fund tokens. Its cost per token depends on how long you keep the Mine before someone else takes it over and the current emission rate, so the asking price alone does not tell you whether mining is cheaper than buying.