Conclave Docs

1. Overview

Conclave is an autonomous trading DAO on Solana. Holders of the project token decide which token the treasury buys next. An automated engine executes the trade, exits on clear rules, and airdrops up to 80.00% of any profit back to holders. Creator fees from the token launchpad continuously refill the treasury.

Thesis: the conclave votes, the machine trades, and holders get paid when the round wins.

Who this is for: people who hold (or plan to hold) the Conclave token, want to steer treasury trades, and want a clear, verifiable path from fees → trades → airdrops.

2. Glossary

Treasury wallet

Holds SOL used to buy the voted token. Public address; anyone can verify balances and transfers on a Solana explorer.

Fee wallet

Receives creator trading fees from the launchpad. A sweeper periodically splits those fees 30% team / 70% treasury.

Team wallet

Receives the 30% ops/infra share of creator fees. Public address.

Round

One full cycle: nominate → vote → buy → hold/exit → distribute (or skip if loss) → next round.

Nomination

A holder proposal of a Solana token mint to put on the ballot. Must pass liquidity, age, and routability checks.

Vote weight

Vote power = project token balance (staking comes in a later upgrade). One vote per wallet per round; you can change your choice before voting ends.

Snapshot slot

The Solana slot recorded when voting starts. Vote weight is based on your token balance as read around that time via RPC.

Profit pool

On a winning exit, 80.00% of realized profit is reserved for holder airdrops. The rest stays in the treasury to compound.

Dust threshold

Tiny payouts below ~0.0001 SOL are not sent (fees would eat them). That dust rolls into the next profitable pool / stays compounding in treasury.

3. The cycle

Every round follows a fixed state machine. The dashboard always shows the current state.

1. NOMINATING (~12h) — Holders submit mint addresses. Valid nominations appear on the ballot.
2. VOTING (~24h) — Holders sign a free message to cast a vote. Highest total weight wins.
3. HOLDING — Engine buys the winner with treasury SOL and monitors until an exit rule hits (max 72h).
4. DISTRIBUTING — If profit > 0, airdrop the holder share. If loss or zero, skip airdrop and compound.
5. COMPLETED → a new round starts automatically at NOMINATING.

Transitions are driven by timers and trading outcomes on the API workers (minute tick for the cycle; fee sweep roughly every 10 minutes).

4. Creator fees and the 30/70 split

When the project token trades on its launchpad / graduated pool, creator fees are paid into the fee wallet.

• About every 10 minutes, a sweeper checks the fee wallet.
• If there is enough SOL to sweep, it sends 30% to the team wallet and 70% to the treasury wallet.
• Every sweep is logged (amounts + transaction signatures) so anyone can audit the flow.

The treasury is what funds buys. Without trading volume on the project token, fee inflow slows and the conclave has less capital to deploy.

5. Nominating a token

During NOMINATING, connect a wallet that holds the project token, paste a Solana mint address, and sign a message. No gas for the nomination signature.

Automatic safety checks reject a mint if any fail:

• Minimum liquidity on Solana (DexScreener): about $100,000 USD.
• Minimum pair age: about 7 days.
• Must be routable on Jupiter (the engine can actually buy it).
• Cannot be the Conclave project token itself or native SOL.

Failed nominations still show a reason in the UI so you know what to fix (e.g. too little liquidity). Only validated nominations enter the vote totals.

6. Voting

During VOTING, pick a validated nomination and sign a message. There is no transaction fee for voting — only a wallet signature.

• One vote per wallet per round. Submitting again updates your choice and refreshes weight.
• Weight = how many project tokens you hold (read via RPC). Bigger bag → more say.
• Winner = nomination with the highest total weight when voting ends. If nobody votes / no valid ballot, the round may complete without a buy.
• Staking for vote power is planned as a later upgrade. Today, holding is enough.

7. Trading engine

When voting ends with a winner, the engine swaps nearly all treasury SOL into that token via Jupiter.

• Leaves a small gas reserve (~0.05 SOL) so the wallet can still pay for sells and airdrops.
• Uses slippage protection (default ~1% band) on quotes/swaps.
• Buy and sell transactions (or simulated paper signatures while testing) are stored against the round for the dashboard history.

8. Exit rules

While HOLDING, the engine re-quotes the position regularly. It sells everything when the first of these hits:

These values are configurable on the backend; the live numbers above come from the running config when available.

9. Profit distribution

After a sell:

1. Compute PnL = sell proceeds − buy cost (in SOL terms).
2. If PnL ≤ 0: no airdrop. Proceeds stay in the treasury and the next round begins.
3. If PnL > 0: put 80.00% of profit into the airdrop pool; the remaining ~20% compounds in the treasury.
4. Snapshot holders of the project mint (via indexer / DAS). Exclude known system wallets (e.g. treasury/team) from receiving.
5. Split the pool pro-rata by token balance. Tx fees for sending SOL come out of the pool.
6. Skip dust below ~0.0001 SOL per wallet so fees do not burn the pool. Unpaid dust compounds.

Payouts appear in the dashboard history (round payouts). Always verify signatures on a Solana explorer if you want ground truth.

10. How to earn as a holder

1. Buy and hold the project token (buy link appears at launch).
2. Optional but powerful: during nominating, propose quality tokens that pass the checks.
3. During voting, cast your vote. Your weight scales with your holdings.
4. When a round wins, receive your SOL airdrop automatically — no claim click for the standard flow.
5. Track everything on the dashboard: treasury, live position, ballot, and cycle history.

You do not need to send your private key to anyone. Voting and nominating use message signatures only.

11. Transparency

Conclave is designed so you can verify wallets and flows without trusting a screenshot.

Paste any address into a Solana explorer (e.g. Solscan / Solana FM) to confirm balances and transfers. Short form: — (treasury).

12. Risks and disclaimers

• Market risk: the voted token can dump. Stop-loss and max-hold limit the damage but do not eliminate losses.
• Concentration: each round puts nearly all treasury SOL into one asset until exit.
• Execution risk: slippage, failed swaps, RPC outages, or thin liquidity can affect fills and timing.
• Custody: the treasury and fee wallets are automated hot wallets operated by the system. Addresses are public for verification; keys are not shared with holders. Hardening toward multisig is on the roadmap.
• No guarantees: profitable rounds are not promised. Losing rounds pay no airdrop.
• Not financial, tax, or legal advice. You are responsible for your own decisions and jurisdictions.

13. Roadmap

• Staking-weighted voting — replace raw balance with staked weight so long-term holders have clearer influence.
• Multisig / Squads treasury — harden custody beyond a single hot wallet while keeping automation.
• More UX polish: clearer payout receipts, nomination research helpers, and alerts when rounds change state.

14. FAQ