The contracts were not audited at launch. The source is in the repository. Read it before you put in money you cannot lose.

The open is not an exit

The launch pool starts with no quote in it. A sell can only take out what buyers have put in, and it stops at the opening price. When the price is back there, holders who are still in cannot sell until someone buys again. The Updraft Wall does not bid under that open. The open is the full version of this.

The quote can go to zero

A token priced in another token carries that token’s risk. If the stock, or the quote in a multi pool, goes to zero, the new token’s pool against it is worth nothing in that quote.

A rebate is not a sale

Payments stop at break-even and only if fees were collected and the wallet still qualifies. One sale, or a send to a normal wallet, ends future payments on that token.

What an admin key can do

The Labs admin can pause future launches, and can name the keeper that later treasuries copy. That pause does not touch a pool that already exists, the locked position, a funded rebate round, or the fee of a token that has launched.