The models in detail
Classic, Stock-Paired and Evergreen, with what each fixes.
Classic
LiveA fixed-supply token quoted in ether, with the swap fee written into the pool at creation and the launch position locked by a contract.
Fixed at creation
- Supply is minted once at creation. There is no mint function and no owner.
- The fee schedule is written into the hook at creation and cannot be edited by anyone, including Verdant.
- The launch position is transferred to a locker with no operator and no early-release path.
- The token has no transfer tax and no blocklist.
- Fee revenue is split between the creator and the protocol in shares fixed at creation.
Risks
- A locked position keeps liquidity in the pool. It says nothing about a price.
- Fee revenue depends entirely on trading, which Verdant does not and cannot guarantee.
- Because the fee is charged by Uniswap rather than skimmed by the hook, a creator's share arrives in ether from buys and in their own token from sells.
- A swap submitted close to a scheduled fee transition may execute under either fee.
Stock-Paired
LiveThe same market, quoted in a tokenized equity instead of ether — pair your token against NVIDIA, Apple, the S&P 500 or silver.
Fixed at creation
- The quote asset is chosen once, at creation, and is part of the pool's identity forever.
- Only assets on the reviewed allowlist can be used as a quote side.
- Everything Classic fixes at creation is fixed here too.
Risks
- The launched token is not a share. It is not redeemable for the quote asset and carries no rights in the underlying company, fund or security.
- The quote asset remains subject to its issuer's terms, including any transfer or redemption controls, which Verdant does not control and cannot override.
- A quote asset that becomes illiquid makes the market it prices hard to exit, independently of the market's own liquidity.
- Equity tokens track a market that closes. Prices can gap across a weekend while the pool trades continuously.
- The initial buy is funded in the quote asset, so a creator has to hold the equity token before launching. Nothing routes ether into it for them.
Evergreen
DesignA share of every fee is set aside and can be added back to the locked position as liquidity by anyone, forever.
Fixed at creation
- The reserve share is fixed at creation.
- Reserve balances can never be withdrawn by the creator or by the protocol.
Risks
- Reinforcement is not automatic. It needs someone to call it, which anyone may do and nobody is obliged to do.
- Deeper liquidity is not the same as a better market and implies nothing about price.
Not finished
- The reserve share and the reinforce path exist in the contracts, but the model is disabled in the registry and has no acceptance record.
Fee shapes, inside any model
A model decides what a market is priced against. How its fee moves over time is a second, independent choice, and the same two shapes are available in every model.
| Shape | Stages | What it does |
|---|---|---|
| Fixed | 1 | One fee, unchanged for the life of the market. |
| Progressive | 2 to 8 | A fee schedule fixed at creation, advancing on a timetable. |