Lumen1. Minted once
One billion tokens, 7 decimals, are minted to the locker. The token has no mint function after that.
No bonding curve
One pool. One position. Locked.
The opening price targets about a $5,000 market cap when XLM is near $0.25, or a Reflector mark inside a 20% band. The admin can change that XLM price before locking the factory config.
2. The pool is Aquarius
Fee tier 100 (1%) and tick spacing 200. A small seed of quote and tokens sets the opening price. The rest of the supply sits in a single-sided position on the expensive side, so there is no liquidity below the open.
3. The first buy
Optional. On the creation ledger, no more than 4% of supply can leave the pool, counting the first buy and any other swap in that same ledger. A direct Aquarius swap on a later ledger has no such cap and does not pay the Lumen tax.
4. Fees
The pool fee tier is 1% of volume (fee value 100 on a 10,000 scale). Aquarius diverts half of that fee to its own treasury before liquidity providers are paid. The deployed pools return protocol fee fraction 5000, and the pool divides that fraction by 10,000. Positions in range, including any position opened by someone else, share the remaining half. A claim sends the locked positions' share to the Lumen protocol address. That share is not a fixed 1% of the trade. On top of that, the creator can set a buy tax and a sell tax, each from 0 to 4%, frozen at launch. That extra tax is split across the creator, buyback and burn, and holders, and it is charged only on trades routed through Lumen. Wallet transfers are not taxed. A direct Aquarius swap skips the creator tax and still pays the pool fee, of which Lumen receives only the locker's share.