Docs
Overview
Hederalaunch files Solana markets. The collateral is HBAR, matched 1:1.
The book
A filing lists a token on Solana and clears it in wHBAR.
wHBAR is a Solana credit for HBAR that remains locked on Hedera. Wormhole signs the count. One locked HBAR authorizes one minted unit.
Transit
Three records move a balance from Hedera into a Solana credit.
- HBAR enters the lock account on Hedera.
- Wormhole guardians sign a VAA for that amount and the Solana address.
- Solana accepts the signature and credits wHBAR.
Levy
Each fill pays 1% in wHBAR. Twenty percent of that levy stays with the desk. Eighty percent returns to the issuer.
The split is written into every market. A filing cannot pick another rate.
Session
Reown opens the Solana session. Phantom, Solflare, Backpack, and WalletConnect sit in that modal.
Keys stay in the wallet. This screen asks for a signature only when a program is ready to take it.