In the fast-paced world of Solana DEXes, HeavenDEX is making waves with its aggressive strategy to attract token migrations. A recent thread by Soju from Meteora sparked a lively discussion about where the funds for these incentives are coming from. Let's break it down in simple terms and see how it ties into the meme coin ecosystem.
HeavenDEX, a new automated market maker (AMM) and launchpad on Solana, is offering to subsidize liquidity provider (LP) migrations for select tokens. This means they're covering the costs to move trading pairs from other DEXes to their platform, ensuring a 1:1 swap without diluting holders. Any unmigrated supply gets burned after a month, keeping things fair. As HeavenDEX's builder peacefuldecay explained, this approach avoids giving extra tokens to devs and focuses on smooth transitions.
But the big question raised by Soju is: where's the money coming from? HeavenDEX is not just paying for migrations; they're also committing 100% of their revenue to buy back their native $LIGHT token, plus tapping into their Starseed ecosystem fund. Starseed is designed to support projects on HeavenDEX, from memes to AI ventures, acting like a booster for quality launches.
Replies in the thread point to the likely sources: proceeds from their $20-30M ICO (initial coin offering) and upcoming token unlocks. The vesting schedule for $LIGHT shows that team, community, foundation, and investor allocations start unlocking on August 25, 2025, after a short cliff period. This means fresh tokens will be available weekly, potentially funding these initiatives.
As seen in the schedule above, shared by Witch in the thread, the Genesis ICO portion is already fully unlocked, providing immediate liquidity. However, some community members speculate this could be like drawing a "daily salary" to keep $LIGHT prices high through buybacks— a clever but risky play.
For meme coin creators and holders, this is intriguing. HeavenDEX's anti-MEV (miner extractable value) features and tiered fees aim to create a more reputable trading environment on Solana, which could benefit volatile meme tokens by reducing rug pulls and front-running. If successful, migrating to HeavenDEX might mean better liquidity and exposure, especially with Starseed backing.
Yet, the thread highlights potential pitfalls. With unlocks looming, will the music stop if market conditions sour? It's a high-stakes bet, but as one reply noted, putting money back into the ecosystem is a bold move that could pay off long-term by driving volume and fees back into the flywheel.
If you're into Solana memes, keep an eye on HeavenDEX—this migration push might just elevate your favorite tokens to new heights. What's your take on this strategy?