FLEAT

PUBLIC TRACK · OWN CAPITAL · NO APY

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● PHASE 1 · OWN CAPITAL

Solana Jito bundles Raydium Orca Meteora Jupiter Marginfi liquidations sim-gated send

Equity

1.000 SOL

Max drawdown

2.40%

Races won / lost

14 / 9

Tips burned

0.018 SOL

Equity curve · drawdown first

equity high-water drawdown

Scanner · long-tail

quotes

412

thin pools

edges

sim fail

Raydium / Orca / Meteora thin TVL.
Token-2022 traps filtered. No sim → no send.

$FLEAT · seat in the cap

Scarcity is not yield — it is capacity. The strategy has a hard TVL ceiling; past it, edge dies. $FLEAT is the right to put capital into a working capped vault, proportional to stake. Vault share = NAV claim. $FLEAT ≠ share.

cap fill

0% · phase 1

Phase 1 · now Own capital. Public race ledger. No deposits. No mint.

Phase 2 · vault Cap · per-depositor HWM · trade key cannot withdraw.

Phase 3 · $FLEAT Seats by stake · operator bond slash · fee buyback TWAP.

Why the token matters: without $FLEAT, seats become a waitlist — i.e. allocation by familiarity. Stake is the only fair meter for capped capacity. Mint is a manual gate after a live vault season — not Phase 1 code.

Race ledger

Time	Route	Outcome	Gross	Tip	Net