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Keyless Trust
Launch
NEAR…

Real markets. Locked liquidity. No holder.

Keyless Trust

Raise a launch together. No one holds the vaults.

A NEAR contract owns every Solana vault through Chain Signatures and will only sign allowed transaction shapes: refund, capped sweep, a Meteora DBC create-and-buy at the pinned config, and pro-rata distribution.

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The mechanic

Five doors. The contract holds the keys.

Keyless Trust flowA contributor sends SOL to a deposit address derived by Chain Signatures. The NEAR contract can sign a refund back to that contributor or a capped sweep into the raise vault. From the raise vault it can sign a Meteora DBC create-and-buy, then a pro-rata token distribution. It will not sign any other destination.ContributorPhantom · devnetDeposit addresstrust/id/in/youRefundonly back to youRaise vaultcapped sweepMeteora DBCpinned config + curvepro-rata tokens outNEAR testnet signs through v1.signer-prod.testnet · domain 1 · Ed25519. The relayer pays gas. It cannot pick a new destination.
Allowed shapes: refund to the contributor, a capped sweep into the raise vault, one DBC create-and-buy, and pro-rata distribution of the quoted tokens. Anything else is rejected in the contract.

How it works

Three steps. Keys stay on NEAR.

01

Back the raise

Send SOL to your own derived deposit address. The cap is set at create (1% is 100 bps). Miss the deadline and the contract will only sign a refund to you.

02

The contract launches it

At the target, the watcher asks NEAR to sign one Meteora DBC create-and-buy. The curve, config, and first-buy quote are pinned. No server key can change the destination.

03

Holders get the tokens

Tokens quoted at launch are paid out pro-rata. Rounding dust stays in the raise account. A later stretch would split creator fees 70 / 20 / 10. That split is not in this contract.

Risk note

Honest risk note

This is experimental software on NEAR testnet and Solana devnet only. It moves no mainnet value. A pooled raise where people send money to buy a new token can be a regulated security, unlicensed crowdfunding, or a collective investment in many jurisdictions, including under tests like Howey. Making the vault keyless does not change that. This is not financial, legal, or investment advice. The MPC network and the named watcher are trust assumptions: a watcher can delay a raise or skew the split among registered contributors, and cannot send funds to an address the contract did not fix.