The whole idea, in one picture
Picture all the JitoSOL inside Reactor as one pie. rxSOL is the slices. Four steps, and each one ends with the word Reactor uses for it.
- Two ways to get rxSOL: JitoSOL into it here, or buy it from someone on an exchange.
- Two ways out: your rxSOL back into JitoSOL here, or sell it on an exchange.
An exchange sets its own price for rxSOL, which can be more or less than the JitoSOL behind it. Here you always get the JitoSOL behind it, minus a small fee.
The pictures below move. This stops them.
You put JitoSOL in and get rxSOL back
It is one step. Your JitoSOL goes into Reactor's vault and, at the same time, you get rxSOL for it. Only the program can open the vault.
That rxSOL is your slice: every rxSOL is an equal slice of all the JitoSOL in the vault. Holding rxSOL is the whole product, if you want it to be.
There is no lock-up and no minimum. Hand your rxSOL back and you get your slice of JitoSOL out, minus a small fee.
Reactor calls it
- Containment
- the vault
- Fuse
- putting JitoSOL in
- rxSOL
- your slice
- Split
- handing rxSOL back
Every move pays a tiny fee
— to put in, — to take out, and — every time rxSOL is sent or traded, including every swap on an exchange. The fee is taken in rxSOL.
The transfer fee is a rule written into the rxSOL token itself, so no app can skip it. It waits on the account that received the rxSOL, and about every ten minutes a housekeeping job sweeps it up. Anyone can run that job. It is not a special power, and it is not us.
Each fee is then split three ways, in this order: — of the fee pays the team that builds and runs Reactor, — of the fee is burned, and — of the fee goes into a reward pot.
Part of a fee can be burned
Burned rxSOL is gone for good, but the JitoSOL behind it stays in the vault. The same pie is now cut into fewer slices, so every slice left is a little bigger. Yours too.
Nobody's rxSOL is taken to do this: the burned rxSOL comes out of the fee. And nothing is created out of nothing. It is division, not magic.
Reactor calls it
- Burn-off
- the part of every fee that is burned
The rest keeps the market going
People want to swap rxSOL for the pool's other token in seconds, without waiting for somebody who wants the opposite trade. That takes a pool stocked with both rxSOL and the pool's other token, on Raydium, an exchange Reactor does not run. Somebody has to stock it.
So the reward pot pays the people who stock the pool. It drips out slowly, all the time, rather than all at once.
More trading means more fees, more drips and more reason to keep the pool stocked. That loop is the reactor. With no trading there is nothing to drip, so the reward can be zero.
Reactor calls it
- the Core
- the reward pot
- Enrich
- stocking the pool
- fuel
- your share of the pool
- Load
- signing your share up for the drips
- Output
- the drips, paid in rxSOL
- Harvest
- collecting them
Where the picture is not quite right
- A bigger slice means more JitoSOL, not more money. What one rxSOL sells for is decided by whoever is trading it, not by Reactor.
- The pool is not part of Reactor. It is Raydium, a different business with its own rules and its own risks.
- The pot does not drip at a steady rate. It releases a share of whatever is in it all the time, so it slows as it empties and speeds up when new fees arrive.
JitoSOL
rxSOL