$SMLT · Solana
Real leverage, refined into a burn.
Smelt runs one real, disclosed leveraged position per three-minute round from a treasury funded only by its own creator fees, and refines every win into an automatic buyback-and-burn of $SMLT. Every round stays on the record, under one name.
Interface preview: round not started yet
Cycle
Not started
Position
N/A
Treasury
Not connected
One real position. One visible outcome.
Smelt opens one real leveraged position per three-minute round from a public treasury wallet on a third-party perps venue, and shows it live: collateral, mark price, ROE, liquidation level. You don't have to trust a number on a chart: the wallet is public and the position is checkable.
Why it's different
Most projects reset to a new identity when attention fades. Smelt keeps every past round's entry, exit and burn amount on the record, under one stable name, a track record instead of a one-shot event.
What it isn't
Smelt never asks for a wallet connection, a deposit, or custody of user funds. You watch; you don't deposit. No price, return or yield is promised.
What you get
Live position dashboard
Price, collateral, ROE and liquidation level update in real time for the length of the cycle.
Real treasury-funded position
Opened automatically, on a fixed rule set, from a disclosed treasury wallet, not simulated.
Fixed-cycle rounds
Every round has a start and a resolution point. No moving goalposts.
Automatic buyback-and-burn
Profitable rounds fund an on-chain $SMLT buyback-and-burn, shown live as it happens.
Public treasury wallet
The wallet address is on the page. The mechanism is checkable, not just claimed.
Persistent round history
Every past cycle's entry, exit and burn amount stays visible under one name, indefinitely.
How a round works
- 01
A cycle opens
The treasury wallet opens one disclosed, rules-based leveraged position on a third-party venue.
- 02
You watch it live
Price, collateral, ROE and liquidation level update on the dashboard for the length of the cycle.
- 03
The cycle resolves
Win or lose, at a fixed point, not whenever the number looks best.
- 04
Profit becomes a burn
Any profit automatically buys back and burns $SMLT on-chain.
- 05
The round is logged
Entry, exit and burn amount stay on the record, permanently, under one stable name.
See it live
The dashboard, the treasury wallet, and the round history all live at /app. Empty now, real once the treasury connection goes live.
Status
What works today and what's still being built, no dates we can't keep.
No token has launched yet. This page will never show a contract address until one is real.
Nothing to watch yet. That's next.
The interface is built. The treasury connection is what comes next. Check the app, or read the docs for how a round will resolve.