Liquistate

Docs / Guide: Cards

Guide: Cards

In short

A graded card worth $20K or more can get its own coin. It is checked, stored in a vault and appraised first. Cards worth less join a basket coin.

Graded trading cards, vaulted at Legacy.

Words used on this page
  • Market cap: the price of one coin times all the coins, so the total value of the coin.
  • USDC: a digital dollar. One USDC is meant to be worth $1.
  • Devnet: Solana's test network. Coins there have no real value.
  • Pool: a pot of coins and USDC that people trade against. A deeper pot means steadier prices.
  • Staking: locking your coins for a while to earn a share of fees.
  • Vesting: coins that unlock bit by bit over time instead of all at once.
  • Appraisal: an expert's written estimate of what an item is worth.
Think of it like: a share of one card in a vault: the card is the company, the coins are the shares.

Starting pool

ValuePool (USDC)
Under $20KJoins a basket
$20K – $50KStarts at $20K, $12K USDC pool (second appraisal over $25K)
$50K – $250KStarts at 40% of value, pool 60% of that
Over $250KStarts at 30% (at least $100K), pool 60% of that, plus insurance

Fee split (of the 1%)

Pool 0.25% · Liquistate 0.25% · stakers 0.25% · vault fund 0.15% · owner 0.10%.

Owner

Keeps at most 20% of coins: locked 6 months, then released over 24 months (12 and 36 over $250K).

Example

A $20K card starts at a $20K market cap with a $12K USDC pool; a $100K card starts at $40K with a $24K pool, leaving room to grow toward its value (not a promise). If it runs to $10M and trades $500K a day, fees are about $150K a month and the vault fund can keep buying more cards.

Checklist: Verification · Size check: What fits my item?

Example numbers · subject to change · Solana devnet only · not investment advice