Status

PairStreet launches and trades Pair Markets on Solana mainnet today. Settlement into each Pair Asset activates per instrument route.

The protocol has two layers that activate on different schedules. The launch and market layer (creating the coin, attaching the Pair InstrumentPair InstrumentThe financial exposure a Pair Market is paired with, such as Tokyo Residential or Swiss Government Debt. A catalog object with a provider, an eligibility policy and a status., splitting creator fees, trading) is live for every Pair MarketPair MarketThe canonical pairing of an internet asset with a financial Pair: TOKEN × PAIR INSTRUMENT, plus the Pair Vault, configuration and accounting that connect them.. The settlement layer (the Pair VaultPair VaultThe account that receives settlement value allocated to one Pair Market, holds it until conversion, and holds the acquired Pair Asset until it is allocated to holders., the Pair RouterPair RouterThe execution layer that converts a Pair Vault's settlement balance into an acquisition plan for the Pair Asset and hands it to the right executor., reward epochs and claims) is implemented as an engine and activates instrument by instrument, as each instrument’s provider route and vault custody come online.

This page separates four things the rest of the documentation also keeps apart: protocol capability, instrument availability, provider activation and settlement status.

Launch was validated end to end against the real Pump programs cloned from mainnet onto a local validator before release. Every launch and trade is built server-side as an unsigned transaction and signed in the user’s wallet; PairStreet never holds a user key. See Pump and Solana and Protocol Economics.

Five instruments have onchain Pair Assets with live ONCHAIN_SWAP quotes from Jupiter today. They are issuer tokens that PairStreet references through public onchain routes. The other 38 are listed by the PairStreet Pair Registry: creators pair with them today, and the settlement asset connects when each provider route activates.

The registry instruments include Tokyo Residential, Japan Government Bonds, Swiss Government Debt, NYC Municipal Debt, U.S. Housing and Global Banking. Tokyo Residential is a Pair Instrument representing the target financial exposure configured for the Pair Market; the asset delivered to holders is defined when its provider route connects. See Pair Instruments and Providers.

Each component of the settlement layer, with what exists in the codebase and what activates it.

Operating model today

User keys

Never held. Transactions are built server-side, simulated by the client and signed in the user’s wallet.

Onchain programs

Pump, the Pump fees program and the System program. No PairStreet program is deployed.

Treasury

Single-signer wallet. Receives trading fees and the treasury share of creator fees.

Ledger

Postgres. Every financial row carries ledger_mode; production reads and writes live rows only.

Rate limits

Per IP, per server instance. A shared store is planned.

Details and the threat model are in Security; recovery behavior is in Failure Modes.

This release.

• ·On-chain creator-fee split. Every launch creates a Pump fee-sharing config for its mint and sets creator 50%, treasury 50% in the same wallet prompt. Pump then locks the split. If the split transaction does not land, the market shows “Split pending” and the creator finishes it with “Lock fee split”. Anyone can pay out accrued fees with “Distribute creator fees”.
• ·Trading fee. 0.5% of the SOL side of every trade built by PairStreet, paid to the treasury in the trade transaction. A fee too small to fund a treasury below Solana’s rent-exempt minimum is skipped so the trade always proceeds.
• ·Documentation. This site, at docs.pairstreet.xyz.

Every live claim on this page can be checked on-chain without trusting PairStreet.

1. Step 01TREASURY
   Open the treasury
   5XAwPtXHkA2F68tEj5ZAZePJfJWH4tzGkeQiqK5ggfRg. Trading fees arrive as System transfers inside trade transactions; the treasury share of creator fees arrives through Pump’s distribute_creator_fees.
2. Step 02PROGRAMS
   Check the programs
   Pump 6EF8rrecthR5Dkzon8Nwu78hRvfCKubJ14M5uBEwF6P, Pump fees pfeeUxB6jkeY1Hxd7CsFCAjcbHA9rWtchMGdZ6VojVZ and PumpSwap AMM pAMMBay6oceH9fJKBRHGP5D4bD4sWpmSwMn52FMfXEA. PairStreet deploys no program of its own: launches and trades compose these Pump programs with Solana’s standard programs.
3. Step 03PER MINT
   Read a market’s fee-sharing config
   On any market page, the Creator fees panel shows “Locked on-chain” and links the mint’s fee-sharing config account to the explorer. Its shareholders are the creator at 5,000 bps and the treasury at 5,000 bps. The same data is returned by GET /api/markets/<mint>/fees, read from chain on each call.
4. Step 04LAUNCH
   Inspect the launch transaction
   The market detail carries launchTxSignature. On the explorer it shows Pump create_v2 and create_fee_sharing_config signed by the creator and the mint.
5. Step 05TRADE
   Inspect a trade
   A PairStreet buy or sell contains the Pump instruction and a transfer to the treasury equal to 0.5% of the SOL side. The only exception is the rent guard described above, which skips a fee too small to fund an unfunded treasury account.

The HTTP endpoints used above are listed in API, and the stored fields in Schemas.