Docs
Aether is a launch interface, not a venue. Everything below describes what it actually does.
What is Aether?
Aether launches tokens that trade against ETH. The markets themselves live on StonkFun, which runs on Raydium’s LaunchLab program. Aether builds the launch transaction, indexes its own launches, and routes the creator-side fee stream into a buyback that destroys $AETHER.
You interact with Aether using a Solana wallet. Aether is an ETH-denominated launchpad — ETH is the quote asset every market is priced in — not an Ethereum-network protocol.
Launching
A launch is one transaction, signed by you. Aether builds it, signs it as the new mint, and hands it back; your wallet adds the only other signature. Aether never holds a key that can move your funds.
- Aether reads StonkFun’s live curve pricing for the ETH quote asset.
- It builds a LaunchLab create instruction matching the shape StonkFun adopts — the venue’s own config, supply, curve rule and raise, used verbatim.
- You sign. A dev buy, if you asked for one, is in the same transaction. Entered in SOL, it is swapped to ETH first — the pool is priced in ETH.
- Once the transaction confirms, the coin is live on Aether and tradeable. StonkFun indexes it on its own page a few minutes later; that is shown on the coin page but does not gate anything.
Aether charges no launch fee. You pay Solana’s rent and network fees, and your dev buy if you make one.
ETH markets
Every Aether market is TOKEN / ETH — there is no quote asset picker, and there will not be one.
On Solana, ETH is represented by a wrapped token. Aether displays it as ETH throughout the interface and discloses the real mint on each token page’s technical tab:
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That mint is pinned in configuration and re-checked against StonkFun on every read. If the venue stops offering it as a LaunchLab-ready quote asset, launching is disabled rather than quietly redirected to SOL or anything else.
Fees
Trading an Aether market charges a fee set on chain by Raydium and StonkFun — at the time of writing 0.25% to the Raydium protocol and 1% to the platform. Aether sets neither and takes no cut of either.
What Aether does control is the creator account on the pools it launches. On StonkFun, the venue forwards the creator’s share of the platform fee to that account automatically. Aether sets it to the buyback treasury instead of to the person launching the coin.
If you launch a coin on Aether you do not receive its fee stream. That is the trade: the fees buy and burn $AETHER, and pay ETH to $AETHER holders.
StonkFun’s own platform revenue belongs to StonkFun. Aether makes no claim on it, and nothing on the engine page counts it.
The Aether Engine
Fee revenue accumulates in ETH and is split two ways:
- 30% buys $AETHER on the open market and burns it.
- 70% is paid to $AETHER holders in ETH.
Both sides are funded from the same pot — the creator-side fee StonkFun forwards to the treasury — so a buyback can never spend ETH owed to holders.
Distribution and buybacks are currently performed manually by the operator. The ledger reports what has been allocated to each side separately from what has actually been burned or paid, and nothing is counted as done without a transaction behind it.
Because the creator share is forwarded off chain by the venue rather than paid by the program at a published rate, Aether does not quote a percentage for what it earns. It measures what actually arrives at the treasury and reports that. The 30/70 split is applied to that measured amount.
Buybacks
A cycle reads the treasury balance, gets a real swap quote, checks it against the configured slippage ceiling, swaps, confirms, and reads back how much $AETHER actually landed before anything is burned.
Every step fails closed. A quote that will not price, slippage past the ceiling, a swap that does not confirm, or a balance that does not move by the expected amount stops the cycle and records why.
Burns
A burn is an SPL BurnChecked against the $AETHER mint, which reduces total supply. Sending tokens to a treasury or to a dead address is not a burn and Aether does not describe one as such.
Nothing is counted as burned without a confirmed burn signature. A cycle that swapped and then failed to burn is shown as failed, with its swap transaction, rather than being rounded up into the burn total.
StonkFun
StonkFun is the venue. It runs the launch infrastructure, indexes the markets, sets the platform fee and decides which pools it adopts. Aether builds launches to StonkFun’s published shape so they are adopted as ordinary StonkFun markets — the same token page, chart and fee handling as one launched there directly.
Aether is not operated by StonkFun and does not speak for it. Their developer docs describe the integration.
Contracts
- ETH quote asset
- 7vfCXTUXx5WJV5JADk17DUJ4ksgau7utNKj4b963voxs
- Buyback treasury
- hdvtFvf7RLUwqbvdWkNcZCyJvxnXRg6jGvye6BQkki8
- Raydium LaunchLab
- LanMV9sAd7wArD4vJFi2qDdfnVhFxYSUg6eADduJ3uj
Risks
- Memecoins go to zero. Most of them do. Nothing on Aether is an investment product or a claim on anything.
- Aether depends on StonkFun and Raydium. If either changes its requirements, launches may stop being adopted until Aether is updated.
- The ETH quote asset is a wrapped representation with its own bridge risk, which is not Aether’s to control.
- $AETHER has no revenue claim and no redemption. The buyback is a use of protocol fee revenue, not a dividend.
- Aether does not audit the tokens launched through it. Anyone can launch anything.