> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/pool/the-floor.md). # The sGAGE floor The GAGE launch pool on Pons pays a creator share of its swap fee. Half goes to the team's operations. The other half builds a floor under sGAGE. ## How a clip works 1. Anyone triggers a clip once the creator wallet holds more than a threshold, and earns a small bounty. 2. Half the ETH goes to operations. 3. The other half buys GAGE on the launch pool, within a 1% impact bound. 4. That GAGE is parked as GAGE-only liquidity in the GAGE/sGAGE pool, in a band about 5% under the market price. 5. The band belongs to the splitter contract and can never be withdrawn. A GAGE-only band just under the market is a standing bid: anyone selling sGAGE into it receives GAGE at the floor. ## The ladder Later clips top up the same band or, once the market has moved up, open a higher one. Older bands stay where they are. The floor ratchets up and leaves a ladder of bids behind it. ## Sweeping When the market falls through a band, that band has bought sGAGE at its floor. Anyone may sweep it: the sGAGE it holds is burned and the GAGE fees it earned are kept for the next band. The ladder only ever bids for sGAGE. It never sells it back. ## What it means for holders and providers * Every sGAGE holder sees a floor in GAGE, funded by trading on the launch pool. * Liquidity providers keep emissions and the pool's 3% swap fee. Floor bands carry no LP score and take nothing from the emissions. * The Pool page shows the floor: `supportFromGAGEperSGAGE`, the active bands, the GAGE backing, and the sGAGE burned all time. The splitter can only send to the operations wallet and the floor, in the fixed 50:50 split. It is a contract invariant. The entire 1% deal fee also buys GAGE for these floor bands. Both fee routes accumulate before execution: the initial trigger is 100 USDG per bucket, with creator ETH valued in USDG. Purchases can run in smaller clips to respect the 1% price-impact limit. The maintenance worker waits when gas would exceed 1% of the amount being converted. Seed-position swap fees compound separately into the seed. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.gage.cash/pool/the-floor.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.