stock-distro(AMM(POOL))every buy is routed through Jupiter into tokenized equity before it ever touches the pool. the pair is AMM-S / xSPY. the reserve is never SOL — it is always stock.
sell, and you are pulling the S&P 500 out of the liquidity.SOL comes in, stock goes in the pool. the pool never holds SOL as its reserve.
short, on purpose.
AMM-S is a Solana token whose pool is paired against xSPY, a tokenized share of the S&P 500, instead of SOL. the name says it plainly: stock-distro(AMM(POOL)), an AMM pool that distributes stock.
every buy is routed through Jupiter into tokenized equity before it ever touches the pool. you pay in SOL, the route converts it to xSPY, and xSPY is what enters the pool.
// one buy, in order
SOL ──▶ Jupiter route ──▶ xSPY ──▶ pool(AMM-S / xSPY)
└▶ you receive AMM-S
the pair is AMM-S / xSPY. the reserve is never SOL — it is always stock. the more AMM-S gets bought, the more of the S&P 500 sits in the liquidity.
read the "stock in the pool" number above. that's the reserve, live.sell, and you are pulling the S&P 500 out of the liquidity. a sell takes xSPY out of the pool in exchange for your AMM-S.
the needle at the top reads the absolute 1h price change of the AMM-S pool from DexScreener. 0 is calm, 10%+ in an hour pins it to the right. it does nothing until the pool exists.