What is PHAT?
PHAT is the Solana token launchpad built on Meteora's Dynamic Bonding Curve (DBC). We offer the deepest liquidity of any launchpad in crypto — $149K graduation market cap, 675 SOL raise, and 39% paired liquidity at graduation.
Unlike other launchpads where a $100K sell can crash a token 70%+, PHAT's deep liquidity means the same sell only moves price ~16%. This is what “phat liquidity” means — real depth that protects traders and rewards holders.
How Meteora DBC Works
Meteora's Dynamic Bonding Curve is a next-gen AMM that concentrates liquidity along a customizable curve. Tokens start on the bonding curve where early buyers get the best prices. As more SOL flows in, the price rises along the curve. At 675 SOL raised, the token “graduates” — liquidity migrates to a full Meteora DLMM pool with deep, concentrated liquidity.
PHAT's fee recycler continuously adds trading fees back into the liquidity pool, making liquidity grow deeper over time. This self-reinforcing mechanism means the longer a token trades, the better the liquidity gets.