What Stadium is

A launchpad on Arbitrum. Anyone can create a token; it starts trading immediately on a bonding curve, and once enough has been raised it graduates into a Uniswap v4 pool and trades there for good.

That much is not new — it is roughly how pump.fun works, and it works. Two things here are different.

A token can be paired with something other than the chain's own money. Most launchpads pair everything against ETH or SOL. Stadium treats what a token trades against as a choice, and the long-term aim is to pair against tokenised stocks. A token whose price is quoted in NVDA behaves differently from one quoted in ETH, and that is the point.

A launch can carry mechanics. The creator picks them before anyone buys, they are stated on the token's page, and they are fixed for the life of the launch. What those are is a short list today and is meant to grow.

What it is not

It is not live on Arbitrum One. Everything described here runs on a test network, with test money, while it is being built. Nothing on this site is an offer, a prediction or investment advice.

Where to start

• How a launch works — the whole life of a token, start to finish
• Mechanics — what a creator can attach to a launch
• Pairing — what a token trades against, and why it matters
• The system — the pieces and how they fit together