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PAIR is built to minimise the trust you need to place in any single party. Because the core protocol runs on Solana, the most important guarantees — that fees are routed as configured, that trades are processed fairly, and that token pairings are recorded accurately — are enforced by on-chain programs rather than by PAIR as a company. This page explains what that means in practice and where trust assumptions still exist.
Using any crypto protocol involves smart contract risk and market risk. On-chain programs can contain bugs even after review. Token prices can go to zero. Never invest more than you can afford to lose. Nothing in this documentation constitutes financial advice.

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What On-Chain Enforcement Gives You

When a PAIR is launched, the fee allocation — the percentage split between creator payouts, buybacks, and holder rewards — is set on-chain and enforced by the fee router program. This means:

Allocation Is Fixed at Launch

The fee split you see when you buy into a PAIR is the split enforced by the on-chain program. No party can silently redirect fees to a different destination after launch.

Transactions Are Auditable

Every fee routing event is a public Solana transaction. You can independently verify routing history using any Solana block explorer — you do not need to trust PAIR’s own UI.

Creator Fees Reach Intended Wallets

Creator wallet verification links X handles to specific Solana addresses. Fees are routed to those verified addresses, not to a pooled or custodial account controlled by PAIR.

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Trust Assumptions

No protocol is entirely trustless. The following are the key areas where you are placing trust in something outside of Solana’s base-layer guarantees.
The entire PAIR protocol depends on the Solana network functioning correctly. You trust Solana’s validator set, consensus mechanism, and runtime to process transactions faithfully. This is the same trust assumption made by every application built on Solana.
You trust that the fee router program, bonding curve program, and token pairing registry behave as documented. On-chain programs can contain bugs. Review the audit status section below for the current state of independent code review.
PAIR tokens that include a stock in their pairing rely on an external data feed for stock price information. External data feeds introduce oracle risk: if the feed is manipulated, delayed, or temporarily unavailable, any protocol behaviour that depends on that price data could be affected.
The specific oracle or data feed provider for stock price data has not yet been confirmed. Once the integration is live, the provider, data update frequency, and any staleness safeguards will be documented here. Until then, treat stock-price-linked protocol behaviour as a planned feature with an unconfirmed trust model.
Linking an X handle to a Solana wallet address requires an off-chain verification step — the protocol must confirm that the person claiming an X account actually controls it. This introduces a trust assumption around the verification process itself.
The creator wallet verification mechanism — including the off-chain verification step and how the link is recorded and updated on-chain — is in active development. The trust model for this component will be documented fully once the feature is live.

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Audit Status

Audit status is to be announced. PAIR will publish details of any independent smart contract audits — including the auditing firm, scope, and findings — as they become available. Do not assume that an audit has been completed based on any information not published in this documentation.
Until audit reports are published, you should treat PAIR’s on-chain programs with the same caution appropriate for any unaudited smart contract protocol.

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How to Verify Fee Routing Yourself

You do not need to trust PAIR’s interface to confirm that fees are being routed correctly. To independently verify:
1

Identify the PAIR Token Address

Find the Solana token address for the PAIR you want to verify. This is displayed on the PAIR token’s detail page.
2

Open a Solana Block Explorer

Use any public Solana block explorer to look up the token address and its associated program accounts.
3

Review Fee Routing Transactions

Look for transactions involving the fee router program address. Each routing event will show the amounts sent to each destination and the receiving wallet addresses.
4

Cross-Reference the Configured Allocation

Compare the amounts routed to each destination against the fee allocation percentages shown on the PAIR’s detail page. They should match.

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Responsible Disclosure

If you discover a security vulnerability in PAIR’s on-chain programs, application, or infrastructure, please report it responsibly rather than exploiting it. To report a potential issue, contact the PAIR team at [security contact to be published].
A formal security contact and responsible disclosure policy will be published here. In the meantime, reach out through the official PAIR community channels.

Disclosures

Full risk disclosures, including market risk, smart contract risk, and regulatory considerations.