What it is
Aqueduct is a launchpad on Elysium, the Kinetiq L2 on Hyperliquid. Your token trades on Montra, in its own Uniswap v4 pool, from the first block.
On Montra a token pays its creator fee to a wallet. On Aqueduct that fee goes to the refill contract, and the refill contract puts it back into the same pool. Nobody takes it out.
Launching
You pick a name, a ticker, a picture and a trading fee: 1, 2, 3, 5 or 10%. Montra keeps 0.4% of every trade on every tier. The rest of the fee is the creator share, and that share is what refills the pool.
Supply is 1,000,000,000. The whole supply goes into the pool as one position, so the token opens at a fixed market cap: the launch page reads it live from Montra.
Today the form takes one wallet signature. The refill contract opens at launch, and signed tokens go live on Montra with it.
The refill
Every trade pays a fee in HYPE. The refill takes the creator share, splits it in two, buys the token with one half through the pool itself, and adds both halves back as liquidity over the same range as the launch position.
Whatever does not fit at the current price waits for the next refill. The swap pays the pool fee like any other trade.
The code is on the home page next to the reservoir. Press run and it reads a real pool, waits for its next real trade on Elysium and runs each step in your browser.
The floor
The floor is the price that would be left if every holder sold everything back into the pool. For one position it is (L / supply)², where L is the pool liquidity.
Buys and sells move the price but not L, so they do not move the floor. Only liquidity moves it. Every refill adds liquidity that stays in the pool, so the floor only goes up.
Example from a live Montra pool: Jellysium paid 10.5 HYPE to its creator in its first hour. Poured back, the same fees would have lifted its floor by about 9%.
What the site reads
Trades: Montra’s launch hook logs every fee on Elysium. The site reads those logs from the Elysium RPC about once a second, and each one pours into the scene.
Pools, prices and tiers: Montra’s public API. HYPE price: Hyperliquid.
The bar on the home page: Montra’s own 24 hour fees and trades and its pool count, ticking up with every fee read from chain, and HYPE from Hyperliquid.
Aqueduct’s own totals (tokens page): the refill contract’s logs and the pools whose creator fees it receives. They start when the contract is live.
Elysium
Chain id 99901. Gas is paid in HYPE. Blocks every 100 ms. The site adds the network to your wallet when you connect.