Documentation

How PALA works

The mechanics the platform mirrors on Elysium, plus a checklist for mainnet readiness.

Testnet · chain 99801

Network

Elysium is an Arbitrum Orbit chain built by Kinetiq. It settles to HyperEVM rather than Ethereum, uses HYPE for gas, and targets 100–200ms blocks.

Head block—~130 ms
HYPE—Gas token
STOKE—Not deployed
Mainnet2026-11-09 (scheduled)
Chain ID99801 (0x185d9)
SettlementHyperEVM testnet (998)
Data availabilityAnyTrust committee
SequencerConduit G2
RPCtestnet-rpc.elysium.kinetiq.xyz
Explorerelysium.kinetiq.xyz/testnet-explorer

Lifecycle

A token is created with a fixed supply of one billion and begins on a bonding curve. The price rises as buyers absorb 739.1 million tokens, and it rises about 14.7× from launch to graduation, the same climb as a pump.fun curve. The buy that reaches the raise target graduates the curve in the same transaction: the raised HYPE and the remaining 260.9 million tokens seed a Uniswap v4 pool on Elysium at the same price, and that liquidity can never be removed.

1CreateFixed supply minted
2TradeHYPE bonding curve
3GraduateTarget raised
4Liquidity poolLiquidity locked permanently
5CompleteOpen market access
Then, on HyperCore
TickerHyperCore auction
Spot bookTOKEN / USDC
HIP-3 perpIsolated margin, 20x

Pricing

The curve is a constant product over a phantom HYPE reserve equal to 6/17 of the raise target and the full one billion supply, so the opening price is that reserve divided by the supply. The pool continues the curve’s liquidity at the same price, so there is no jump and no thinner book after graduation. A 1% fee applies to every trade on the curve and in the pool; 80% of it goes to the creator and 20% to the PALA treasury. Buys in the first seconds after launch also pay a snipe tax that decays to zero.

Graduation, refunds and HyperCore

If graduation cannot complete, the curve stays closed and anyone can retry it. After seven days without a pool, the admin can open pro rata refunds for holders. Listing on the HyperCore spot book is a separate, optional step that needs a HIP-1 ticker (auction floor 500 HYPE) and the Elysium mirror bridge; PALA does not do this step yet.

Trading perpetuals

The Trade page has two venues in one workstation. HyperCore reads Hyperliquid mainnet market data (perpetuals, spot, candles, orderbook, trades, funding, open interest) from the browser, and orders are signed by your wallet and sent to the Hyperliquid exchange. Launchpad lists PALA tokens from the indexer, which reads the contracts on Elysium; it is empty until the contracts are deployed.

VenueHyperliquid L1 (HyperCore)
SigningYour own wallet, per order
Maximum leveragePer market, from Hyperliquid metadata
Margin and liquidationHyperliquid rules for your account
FundingHourly, set by Hyperliquid
FeesHyperliquid fee schedule for your account

Payments with X Money

Launch fees, cashtag listings and top-ups can be paid by sending USD to an X handle. Each payment creates a unique reference, and confirming the same reference twice has no further effect, so it cannot be credited twice.

Current status: Not connected. X Money payments need a verified merchant integration; until then fees are paid in HYPE from your wallet.

STOKE

STOKE is the ticker of PALA’s platform token and is separate from Elysium itself, which charges gas in HYPE. It has a fixed supply of one billion with no minting function. Ten percent of net platform revenue is used to buy it back and burn it, and staking yield ranges from 6% to 46% depending on how much is staked.

Supply1,000,000,000Fixed
Burn10%Of net revenue
Yield6–46%Utilization based
Open STOKE page ↗

Mainnet checklist

Mark items as they are completed. Progress resets when you reload.

Readiness 0%