How Jibe works

Overview

Jibe launches tokens on Flap, on BNB Smart Chain. Each token gets its own vault, funded by a share of the token’s trading tax. The vault runs perp strategies on Aster, and the profits go back to the token as buybacks and holder dividends. Strategies can be managed after launch by a manager or by the token’s holders, or fixed at launch.

1. Launch. The creator picks the trading tax, how it is split, and a strategy made of Aster markets.
2. Trade. Every buy and sell pays the tax. The vault’s share is converted to USDT.
3. Run the strategy. The USDT is deposited into the token’s own Aster account and traded toward the strategy’s targets.
4. Return profits. Profit comes back from Aster and pays for buybacks and holder dividends.

Launching a token

One transaction creates the token, its vault and its custody contract. If any part fails, nothing is created. You choose:

Token

Name, symbol, image and links. Every token has a supply of 1 billion. It trades on Flap’s bonding curve first, then moves to a DEX pool managed by Flap when the curve fills.

Launch pair

What buyers pay with: BNB, USDT or another approved pair, including major coins and tokenized stocks.

Trading tax

Set separately for buys and sells, from 1% to 10% each. Flap adds its own fee on top: 1% on the curve and 0.3% after the move to the DEX.

Tax split

How your share of the tax is divided between the vault, holder dividends, burn and liquidity. At least 20% goes to the vault.

Strategy

Up to 8 Aster markets. Each gets a direction (long or short), a share of the vault and leverage up to that market’s limit.

Strategy control

Fixed, Delegated or DAO. See Who controls the strategy.

Profit split

The share of strategy profit paid as holder dividends, from 0% to 100%. The rest buys back the token.

Dividend asset

What holders receive: the launch pair or the token itself. Fixed and Delegated launches can also pick another asset the pair can route to, such as USDT on BNB launches.

Opening buy

Optional. A maximum spend in the launch pair; anything unspent is returned. The tokens go to your wallet.

Anti-farmer window

A Flap setting that limits early liquidity farming, from 0 to 365 days. The default is 30.

The trading tax, tax split, profit split, dividend asset and control mode are fixed at launch and cannot be changed afterwards.

Where the trading tax goes

Jibe keeps 25% of the tax as its protocol share. You split the other 75% between four uses:

trading tax — 100%
├── Jibe protocol share — 25%
└── your share — 75%
    ├── vault (at least 20% of your share)
    ├── holder dividends
    ├── burn
    └── liquidity

For example, splitting your share 40% vault, 30% dividends, 20% burn and 10% liquidity means that out of every 100 units of tax:

25.0  Jibe protocol share
30.0  vault
22.5  holder dividends
15.0  burn
 7.5  liquidity

Every Flap tax token has its own dividend contract. The dividend share is deposited into it as trading happens, so it doesn’t depend on the strategy making a profit. See How holders get paid.

The burn share is sent to the dead address. On the bonding curve it buys the token first. After the move to the DEX, the tax is collected in the token itself, so the burn share is sent there directly.

Protocol revenue and JIBE

The 25% protocol share goes to Jibe’s protocol treasury, which currently splits it 80% to JIBE buybacks and 20% to operations:

protocol share — 100%
├── JIBE buyback and burn — 80%
└── operations — 20%

Buybacks buy JIBE, Jibe’s protocol token, on its market and send it to the dead address.

JIBE is launched on Jibe like any other token and pays the same 25%, so its own trading also funds its buybacks. Its share is split 60% vault, 20% holder dividends and 20% burn, so out of every 100 units of JIBE tax:

25.0  protocol share
      ├── 20.0  JIBE buyback and burn
      └──  5.0  operations
45.0  vault
15.0  holder dividends
15.0  burn

The vault and its strategy

The vault converts its share of the tax to USDT and separates the protocol share. The rest is strategy capital. It is deposited into the token’s own Aster account, where the keeper trades toward the strategy’s targets.

The keeper sweeps the vault in batches. Currently, the first sweep happens once about 10 USDT of tax has built up, and it also sets up the token’s Aster account. After that, the keeper sweeps each time about 50 USDT more builds up.

An example strategy:

The share sets how much of the vault backs a position; leverage sets its size. 50% at 2× means a position roughly the size of the whole vault. Anything not allocated stays in reserve.

A strategy can also be switched off, in which case the keeper closes its positions. The token page shows the live positions, with links to the Aster account and the contracts on BscScan.

Profits, buybacks and dividends

When USDT comes back from Aster, it first restores the vault’s capital and covers any earlier losses. Only what is left counts as profit. The profit is split by the launch’s profit split:

• Buybacks buy the token on its market and send it to the dead address 0x000000000000000000000000000000000000dEaD.
• Profit dividends are converted to the dividend asset and deposited into the token’s Flap dividend contract for holders.

For example, if 140 USDT comes back and 100 USDT was capital, the profit is 40 USDT. With 25% to dividends, 10 USDT goes to dividends and 30 USDT to buybacks. Both run in steps after the return is settled, so they can take a while to appear.

How holders get paid

Holder dividends from the tax and from strategy profit are paid the same way: through the token’s Flap dividend contract.

• Rewards build up in proportion to how many tokens you hold, in the dividend asset chosen at launch. There is nothing to stake or sign up for.
• Once your pending rewards reach $4, Flap sends them to your wallet automatically and pays the gas.
• You can claim a smaller amount at any time on flap.sh/me.

The Holder rewards card on the token page totals the dividends, burns and buybacks paid so far. Recent activity lists each tax burn, buyback and profit dividend with a link to BscScan.

Who controls the strategy

The control mode is chosen at launch. Whoever controls the strategy can change its markets, directions, shares and leverage, or switch it off. They can’t move funds out of the vault or change the tax. After a change, there is a cooldown before the next one.

Fixed

The strategy set at launch stays. Only Jibe can update it.

Delegated

A manager wallet, plus any delegates it adds, updates the strategy. The manager can hand the role to another wallet. If the manager wallet is lost, Jibe can recover the role.

DAO

Token holders propose and vote on strategy changes.

How DAO voting works

• Stake the token on its page to get voting weight. There is no lock: you can withdraw at any time, but withdrawing cancels your votes on open proposals.
• Creating a proposal needs a minimum stake and a small BNB fee.
• Votes are Support, Oppose or Abstain. A proposal passes when enough of the supply votes (quorum) and enough of the Support and Oppose votes are Support (approval). Abstain counts toward quorum only.
• The default rules are a 12-hour vote, a 0.001% stake to propose, 10% quorum and 55% approval. The creator can change them at launch.
• A passed proposal is applied automatically once voting and the cooldown end. Anyone can also apply it.

Safety and risks

Every token has its own vault, custody contract and Aster account. One token’s losses can’t touch another token’s funds. Money moves along one path:

1. Tax revenue arrives in the token’s vault.
2. It is converted to USDT and held as strategy capital.
3. Capital is deposited from the token’s custody contract into its Aster account.
4. Withdrawals from Aster return to the token’s custody contract and then to the vault.

The Aster account

Aster accounts are ordinary wallets. Each vault has its own, bound to its custody contract, and the keeper holds its key to place trades. Withdrawals from Aster land in that wallet, and the custody contract pulls them back.

Risks

• Perp trading can lose money, and leveraged positions can be liquidated.
• Trading fees, funding payments and slippage reduce returns.

Contracts

Jibe’s contracts on BNB Smart Chain. Each token’s own vault and custody addresses are on its token page.

External contracts

FAQ

Do holders own a share of the vault?

No. Holders benefit through buybacks and dividends, not by owning vault shares.

Can the creator withdraw the vault’s money?

No. Strategy control only changes what the vault trades. Funds can’t be sent anywhere else.

What happens when the strategy loses money?

Losses reduce the vault’s capital. Later returns cover them before any new profit is paid out.

Can the tax or splits be changed after launch?

No. They are fixed at launch.

When do buybacks happen?

After profit comes back from Aster and is settled. They run in steps, so they are not instant.

Do tax dividends depend on the strategy?

No. The tax’s dividend share goes to the token’s dividend contract as trading happens. Only profit dividends depend on the strategy.

Do I need to claim dividends?

No. Flap sends them to your wallet once they reach $4. You can claim smaller amounts on flap.sh/me.

Where can I see a token’s positions?

On its token page, with links to the Aster account and BscScan.

Is there an API?

Yes. See the Developer API.