How it works
No custodian and no order book. A program on Solana holds the collateral, prices it from the token’s own market and enforces every limit.
Connect a Solana wallet. Pledge reads your balances from the chain; connecting moves nothing and grants no permissions.
Pick an eligible Pump.fun token. It is transferred into a token vault owned by the Pledge program, one vault per position.
Request SOL up to 50% of the collateral’s conservative on-chain value with one wallet approval. After a short price check a Pledge keeper sends it to you. A one-time origination fee and simple interest apply.
Repay the full debt and your tokens come back, in the same transaction if you like. Partial repayments reduce the debt but keep the collateral locked.
Custody
The rules below are enforced by the Pledge program, not by this website. They reduce specific risks; they do not remove market risk, liquidation risk or smart-contract risk.
Inspect authorities and parametersEach position’s tokens sit in a PDA token account whose only authority is the position itself. Tokens leave it through exactly two paths: your release after the debt is zero, or a liquidation under the published threshold.
No admin, guardian or treasury instruction can move collateral or change the terms of an existing loan. Parameter updates only apply to loans opened afterwards.
Prices come from the token’s canonical Pump.fun bonding curve or PumpSwap pool, smoothed by a time-weighted average with warm-up, staleness checks, a spot-vs-average circuit breaker, a liquidity floor and a price-impact cap. Each loan is priced again when a keeper pays it out, after a short delay.
The guardian can pause new deposits, borrows or liquidations. Repaying, unlocking collateral and closing a position cannot be paused by anyone.
Parameters
Every figure below is read from the Pledge program when the page loads, and refreshed while you stay.
Read live from the Pledge program on mainnet-beta
Full transparencyEach loan keeps the terms in force when it was opened. Changes apply only to new loans.
Meme coins are highly volatile and can lose most or all of their value quickly. If a loan’s debt reaches the liquidation threshold, anyone may liquidate it and you lose part or all of your collateral. Prices come from on-chain markets that can be thin or manipulated.
Your tokens wait in a program-owned vault, not a team wallet. Repay the full debt and they come back to you.