Plumbing manual · rev 1
How the pipes work
Mosh in plain English, seven short pages. Facts come from Mosh's docs, its live contracts (checked Sep 29, 2026) and linked reporting. Where we're not sure, we say so. Screenshot the tl;dr cards freely.
Chapter 01 · The water main
What is a bundle?
On most launchpads, "the bundle" is the pile of tokens insiders buy in the first block, usually quietly and usually to dump. Mosh turns that inside out. A Mosh bundle is a public raise: anyone allowed in can fund it, and everyone can see it filling.
When the bundle reaches its target, one transaction creates the token, creates the market, and makes the bundle's early purchase, all at once. Nobody gets to front-run the launch, because the launch is the bundle.
Sources: Mosh docs: bundles · mosh.trade
Chapter 02 · Into the main
Where your money goes
A live Mosh bundle has a target and a deadline of 12 to 72 hours. You deposit, and your claim on the bundle is simply what you put in. Fees are later split in proportion to deposits, so entering early doesn't buy a bigger share. Speed only matters because a capped or whitelisted bundle can fill up without you.
When the target is hit, the bundle launches. Mosh takes a one-time 5% fee on the filled raise. Bundles can overfill a little past their target.
Mosh's docs also describe a future "share curve" version where early shares are cheaper. As of our last check no live bundle uses it. We'll update this page if that changes.
Sources: Mosh docs: bundles
Chapter 03 · The pumps
Agent vaults
The tokens the bundle buys don't go to funders. They get locked in Mosh's agent vaults. AI agents trade that inventory inside strict hourly limits. Their job is keeping the market working, not dumping on it.
On Bundle Cat, reporting counted about 71% of supply locked across three named agents (Stage Diver, Front Row and Crowd Surfer), with another ~8% locked elsewhere and ~21% in circulation.
Sources: mosh.trade · CoinGape on $BUN supply
Chapter 04 · The tap
Funder fees
Each trade pays a pool fee: Pons's 1% base plus a creator fee the bundle sets. Pons keeps 30% of its 1%; the rest goes to the bundle. Of that, Mosh takes 20%, the team takes its fee out of the other 80%, and funders split what's left in proportion to their deposits. Fees are paid in the pair asset, so a BUN-paired bundle pays funders in BUN.
For scale: Bundle Cat raised 8 ETH, and reporting put lifetime funder fees at ~76.65 ETH. That's one launch's history, in a hot week for Robinhood Chain. It is not a forecast for any other bundle, ours included.
Sources: Mosh docs: fees · CoinGape on $BUN fees
Chapter 05 · The one-way valve
Refunds: when yes, when no
If a live bundle misses its target before the deadline, it goes into a refund state and contributions can be claimed back through Mosh. About half of Mosh's bundles so far ended that way.
If it hits its target and launches, your deposit becomes a permanent fee claim. It can't be withdrawn. Only fund what you're fine never seeing again as principal.
Sources: Mosh docs: bundles
Chapter 06 · What's in the pipes
ETH vs BUN pairing
Most Mosh bundles raise in ETH. Some, like $PLUM, raise in BUN: funders bring BUN, and the token trades against BUN.
What that means (and doesn't mean): every funder needs BUN, and the $PLUM pool holds BUN as its backing. BUN is not burned. When someone sells $PLUM, they get BUN back out of the pool. "BUN fills our pipes" is accurate. "We remove BUN supply" is not.
Sources: Mosh bundles list
Chapter 07 · The inspection checklist
Inspect a bundle before you fund it
- What is it paired with (ETH or BUN)? Do you hold that asset already?
- How full is it, and how long until its deadline? A miss means refunds, a hit means locked.
- What is the team fee (a cut of the funders' 80%), and what does it pay for?
- What is the pool fee (1% + creator fee)? It sets how much fee each trade produces.
- Who can fund it (whitelist or open)? Is there a per-wallet cap?
- Who made it, and do they say whether the team is funding too?
- Can you afford to never withdraw this amount?
Sources: Mosh docs: bundles