The curve is the liquidity.

The flip

Once price exits the top of the ladder, every position sits below it, holding ETH. A one-sided position below the price is a buy wall. The rungs that sold to you on the way up buy back on the way down, at the same prices, because they are the same positions.

This is not a promised price level. The ETH in the ladder is exactly what was paid into it, and price can walk back to the first rung. What it removes is the classic failure mode: a token graduates, the residual pool is three times thinner than the curve that fed it, and the chart collapses. Here there was never a second market.

Floor and Raise

Each launch splits its ladder in two. Floor, 60% by default, is minted into a vault with no withdrawal function. Not governance-locked: the function does not exist. Raise belongs to the creator and vests linearly over 90 days minimum, rung by rung, only for rungs already below the price.

The split is printed on every token page. A creator who dials Floor down to 30% announces it to every buyer, whether they like it or not.

One bytecode

Every token launched here is an EIP-1167 clone of one audited implementation. Verifying a token is a 45-byte comparison, not an audit:

token.code == proxy → IMPLEMENTATION

The implementation has no owner, no mint, no tax, no pause, no blacklist. A transfer can never revert for a protocol reason. A token whose sells can fail conditionally is indistinguishable from a honeypot; that entire class is excluded by construction.

The Book

Swap fees are the protocol's only revenue. 40% of every launch's fees route to $UNICURVE stakers through the Book, the protocol's portfolio of Floor positions across everything it ever launched.

The principal of those positions can never be withdrawn, only collected from. When volume stops, the flow stops. The positions remain, buy walls under every token, and the flow resumes with the volume. Collection is permissionless: anyone may call it, nobody is favoured by it.