How DESK works.
Back a market maker’s launch, follow its curve to graduation, then share in the outcome of its liquidity positions.
DESK is a launchpad for market makers who provide liquidity. They launch desks with a capital target, token pairs and a fee split. Investors buy desk tokens during funding. At the target, the desk graduates and its market maker can put the pooled assets into liquidity positions. Traders using those positions generate LP fees.
Graduation occurs when the reserve reaches the published capital target, not a market-cap threshold. The final purchase is capped at the remaining amount; you are charged only what the desk needs. Curve trading ends. Capital becomes available for the market maker to allocate into approved liquidity positions. Deployment is a separate action, so a graduated desk may still be holding its capital in reserve.