Who enforces what
Some rules live on-chain, where nobody can bend them for a single launch. Others are run by ZeeBonds and published so you can check them.
| Rule | Enforced by |
|---|---|
| Bond size, cliff and unlock | LaunchLab curve rules on the ZeeBonds platform |
| Locked liquidity after graduation | Raydium's LP lock |
| Fee rates on every trade | The ZeeBonds platform config on LaunchLab |
| First-buy cap and moderation | ZeeBonds servers, before a launch is co-signed |
| Holder reward payouts | The ZeeBonds ledger, with published epochs; on-chain claims later |
On mainnet, the platform admin is a multisig, and the platform and treasury addresses are published.