Session state preview

Uniform-price batch auction · descending reserve · SOL quote · settlement at one clearing price for every winner.

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RESERVE PRICE LINE

Descending reserve, quantised to 64 price ticks. Settlement occurs only after the book closes.

Current reserve

{{ reservePrice }} SOL

          RESERVE P(s)
          EXECUTABLE DEMAND
          P_FLOOR 0.000004
        

DEMAND LADDER — 64 BUCKETS

Cumulative demand walked from the highest tick down. The marginal bucket is where cumulative demand first reaches S_max.

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Tick	Price · SOL	Bucket qty	Cumulative	Fill
{{ r.tick }}	{{ r.price }}	{{ r.qty }}	{{ r.cum }}	{{ r.fillLabel }}

Estimate only — the on-chain result after slot_end is the authoritative clearing outcome.

IMMUTABLE TERMS

Locked before the first bid. Governance cannot alter a session already created.

CONNECT TO BID

A bid locks SOL into the session escrow vault. One active bid receipt per wallet.

Providers detected live from your browser. BIDLINE never requests transfer approval outside a session instruction.

Declare quantity and the maximum price you accept. Winners pay the clearing price, never their own cap.

Quantity · token Maximum price · SOL per token

EST Allocation shown is an estimate at the current book. Final allocation is decided on-chain after the book closes.

YOUR BID RECEIPT

NO BID RECEIPT

This wallet holds no receipt in this session. There is nothing allocated and nothing to claim — not a zero balance, simply no measurement.

LIVE MARKET CONTEXT

jupiter api

Price, market cap, liquidity and score are indexer-aggregated by Jupiter; holders, token program and decimals are mint-account facts. The session figures above are protocol state, not market state.

POOL & LP LOCK

SETTLEMENT CURSOR

Permissionless keepers advance the cursor. Claims open once every required vault is funded.

auctions

Every session ever created, including the ones that failed. Failed sessions are never hidden from the default filter.

Session	State	Reserve · SOL	Escrow · SOL	Soft cap	Bidders	LP · lock	Closes
{{ a.iconEl }} {{ a.initial }} {{ a.name }} {{ a.mint }}	{{ a.state }}	{{ a.reserve }}	{{ a.escrow }}	{{ a.capPct }}	{{ a.bidders }}	{{ a.lp }}	{{ a.closes }}

no session matches this filter

Nothing is hidden — the filter simply has no measurement to show. Widen the state filter, or create a session.

protocol record

Measured on-chain. Bad numbers are shown as measured — nothing is rounded to look better and no failed session is removed from the aggregate.

SUPPLY CAP VS SUPPLY MINTED

Per session. The gap is supply the market never allocated — it was never minted.

ALLOCATION CONCENTRATION

Committed capital, not organic demand. BIDLINE cannot prove bids come from independent buyers.

create a session

Every parameter below is locked before the first bid and cannot be changed mid-session. Read them as a contract, not a form.

{{ statusLabel }} meridian · session 041

settlement receipt

Claims are pull-based and do not expire on a short window. BIDLINE never attempts to push assets to every bidder in one transaction.

Demand-cleared issuance infrastructure · Solana

the market decides how much gets minted.

Submit your limit. Clear at one price. Supply only enters circulation when capital stands behind it.

Where bids become supply

capital-backed bids
↓ clearing price
allocated supply
↓ mint
pool at clearing price · LP locked

The descending reserve only shows what is executable now. Settlement happens once, after the book closes.

HOW CLEARING WORKS

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unsold supply never enters circulation.

Most issuance starts from a fixed sale supply and pushes all of it into the market. BIDLINE mints the allocated quantity and nothing else, then revokes mint authority permanently.

NO {{ n }}

Capital commits before supply exists

capital-backed bids
↓ clearing price
allocated supply
↓ mint
pool at clearing price · LP locked

Failure is a valid outcome. Below the minimum capital threshold, nothing is minted and every lamport of escrow is claimable back.

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