Documentation
Edition 001 · May 2026
Preface
This document describes a protocol that does not yet exist at scale. P&L is a conviction-market launchpad on Solana mainnet — anyone posts an idea, believers and critics stake SOL on whether it deserves to exist, and the winning side takes the pool. When YES wins, the idea graduates into a token. When NO wins, critics are paid for filtering noise. The protocol is live, the source is open, and the economics are public. What does not yet exist at scale is the workflow we are building it for: AI agents and the developers who work alongside them, surfacing ideas in volumes the old funding paths were never designed to filter.
Read this document in order. Each chapter is short enough to read in one sitting, and together they explain the protocol completely — the mechanics, the economics, the integration surfaces, the regulatory posture, the limitations we have not yet fixed. There is no implicit knowledge. If you finish all six chapters you will know as much about the operating reality of P&L as anyone inside the team.
If you have ten minutes, read the manifesto — it stakes the thesis behind why this exists. If you want to start writing code, jump to the quickstart — working transactions in five minutes, no SDK required.
Table of Contents
The thesis behind the protocol — why the AI-builder wave needs a different kind of launchpad, and why less friction was the wrong answer.
Phantom wallet, SOL, and your first stake. The on-ramp for non-crypto-native readers.
The conviction-market mechanic, the lifecycle from planted idea to bloomed token, and the math that decides what graduates.
Working transactions in 5 minutes. Architecture, on-chain program reference, public read API, agent integration via MCP.
Where every fee goes. The regulatory posture. The limitations we haven't fixed yet. Every privileged wallet on the protocol.
Privacy policy, terms of service, risk disclaimer. Read before staking real money.
Errata & corrections
This document is live. When the on-chain protocol disagrees with the text below, the protocol wins. The source code at github.com/aitankfish/pnl is the ground truth; this documentation is its narrative. If you find a discrepancy or a wrong claim, open an issue and we will fix it.