Your coin launches on pump.fun from your own wallet. 60% of its creator fees fill a pawn vault, so holders who need SOL pawn their bag instead of dumping it on your chart.
What pump.fun shows. Created from your wallet; you are the coin's creator.
Written on chain at launch. Holders see these rules on every quote.
Holders borrow this share of their bag's live value. Lower stretches the vault further; higher lends more per bag.
Your SOL into the vault at launch, so holders can pawn from day one. It stays in the vault.
Bought in the create transaction, from your wallet.