Peg
A launchpad where every coin is pegged to an asset from another chain, on Solana.
Every coin on Solana trades against SOL, so every new launch competes for the same SOL, and the biggest narratives on other chains reach Solana as copies. Peg lets you launch a Solana coin against an asset from another chain: PEPE on Ethereum, NVDA on Robinhood, HYPE on HyperEVM, TRX on Tron and 61 more.
Each of those assets has a peg on Solana, a token that follows the asset's live price. Your coin's curve, and its pool after graduation, are priced in that peg. When PEPE moves on Ethereum, the PEPE peg moves on Solana and every coin paired with it moves in SOL with it, on top of its own buys and sells.
Buyers pay with SOL and sellers receive SOL. On peg.cx the whole route from SOL through the peg to your coin runs in one Solana transaction.
Peg everything
Peg covers 65 assets on nine chains: the 10 largest coins native to Robinhood, Ethereum, BNB and Base, and the 5 largest on HyperEVM, Arbitrum, Avalanche, Tron and Sui. Each one is priced from the market every few seconds.
Robinhood10 pegsPONS, CASHCAT, AI, ORBIO and more
BNB10 pegsBNB, M, BTW, ASTER and more
Base10 pegsVVV, VIRTUAL, AERO, AWE and more
Ethereum10 pegsETH, LINK, UNI, QNT and more
HyperEVM5 pegsHYPE, KNTQ, BRIDGE, HFUN and JOFF
Arbitrum5 pegsRAIN, ARB, GMX, CHIP and MAGIC
Avalanche5 pegsAVAX, FOLKS, HUNDRED, JOE and QI
Tron5 pegsTRX, JST, BTT, SUN and WIN
Sui5 pegsSUI, WAL, MAGMA, TRUTH and DEEPThe live list with prices is on peg.cx/pegs, and Chains and assets explains how the list is chosen.
How it fits together
A coin on Peg is made of two pools that work as one.
| Part | Runs on | What it does |
|---|---|---|
| The peg's pool | Meteora DLMM, peg against SOL | Turns SOL into the peg and back at the asset's live price |
| Your coin's curve | Meteora Dynamic Bonding Curve, quoted in the peg | Sells your coin for the peg as it is bought |
| Your coin after graduation | Meteora DAMM v2, against the same peg | Keeps trading at the same price with its liquidity locked |
| Peg prices | Up to 9 exchanges, or the asset's deepest pools on its own chain | Gives a median USD price every 5 or 20 seconds |
| Moving each peg to its price | The Peg program | Moves the peg's pool to a signed price in one transaction |
The Peg program owns every peg's supply and its pool position. It has two instructions: one registers a peg and the other moves its pool to a new price. The Peg program lists every check it makes.
Why a peg holds its asset's price
A peg's whole supply sits in its DLMM pool, in price bins 0.1% apart, and the supply is sized to be worth about $250M or more of the asset. Peg tokens sit in the bins from the price up, and the SOL that buyers pay in sits in the bins below it. When the asset's price moves, the Peg program takes the position out, moves the pool to the new price and puts everything back, in one transaction.
In testing, $10M of SOL bought into a single peg moved its price by 0.1%, the smallest step the pool can take. Depth shows the test.
Where to start
- Launch a coin shows how to pick a peg, name your coin and sign one transaction.
- Buy and sell explains how a trade is routed and what it costs.
- What a peg is covers how a peg is created and what holds its supply.
- Prices explains where each price comes from and how often it updates.
- Curve and graduation covers the curve's settings and what happens when it fills.
- Fees lists every fee and where it goes.
- Risks is worth reading before you trade.
Status
Prices for all 65 assets are live on peg.cx. Launches on a peg open as soon as that peg's pool is live on Solana mainnet, and the site marks every peg as Open or Soon.