How It Works
Bextree auctions ownership rights to on-chain assets — Streamflow and Jupiter Lock vesting positions, and LP positions — never the underlying protocol account itself. Buying and selling are different flows. Here's exactly what happens on each side, and why the mechanics differ depending on what you're trading.
For Buyers
You never pay to bid. You only pay once you've already won.
Connect your wallet
Connect a Solana wallet — Phantom, Backpack, or Solflare. Nothing is shared or moved by connecting alone.
Browse auctions
Future Assets are Streamflow or Jupiter Lock locked/vesting positions. LP Positions are Orca, Raydium, or Meteora DAMM v2 liquidity positions. Each listing shows its custody model up front.
Place a bid
Bidding is free and non-binding. No funds are taken when you bid — nothing moves until you actually win.
Fund escrow if you win
Winning starts a payment step, not an automatic charge. You deposit the full winning bid in USDC into on-chain escrow.
Settlement
LP positions transfer to you immediately once escrow is funded — the asset was already vaulted before the auction began. Streamflow and Jupiter Lock positions transfer once the seller completes the on-chain transfer within their settlement window and it's verified.
If delivery fails
For Streamflow and Jupiter Lock positions: if the seller doesn't deliver within the settlement window, you're refunded in full automatically — no dispute process, no ticket to file.
For Sellers
What you commit up front depends entirely on what kind of asset you're listing.
Connect your wallet
Same wallet connection as buyers — Phantom, Backpack, or Solflare.
Choose an eligible asset
Bextree scans your wallet and shows what qualifies. A Streamflow or Jupiter Lock position only qualifies if it's still open, transferable by you as the current holder, and can't be cancelled out from under you by its original creator — anything that fails those checks is excluded automatically. Meteora DLMM positions may show up as detected, but they aren't listable yet — DLMM positions have no on-chain ownership-transfer instruction, unlike Meteora DAMM v2's NFT-based positions.
Verify ownership
Bextree confirms on-chain that you actually control the asset before a listing can be created.
Set reserve & length
Choose your reserve price and how long the auction runs. Reserve price is also what any settlement bond is calculated from.
Post a settlement bond (Streamflow & Jupiter Lock only)
Listing a Streamflow or Jupiter Lock position requires posting a refundable bond — 5% of your reserve price — before the auction can go live. LP positions skip this step entirely.
Publish
LP positions are deposited into Bextree's on-chain vault immediately at publish time. Streamflow and Jupiter Lock positions stay in your wallet — you only transfer if and when you win a buyer, during the settlement window.
Get paid on completed settlement
Once settlement completes, you're paid the winning bid minus the platform fee. For Streamflow and Jupiter Lock listings, you must transfer within the settlement window — miss it, and your bond is forfeited: 70% to the platform, 30% to the buyer.
Why LP and Future Assets work differently
LP positions can be handed over instantly, so a seller locks theirs into Bextree's vault before the auction even begins. Once it's in the vault, there's nothing left for the seller to do — so no deposit is needed to guarantee delivery. A listing sells the whole position — the original deposit plus whatever trading fees it has earned since — not a fees-only claim.
A locked or vesting position can't be handed over that way — only the seller can move it, and only after the auction ends. That creates a short window where the seller has to follow through manually.
To protect buyers during that window, sellers of these positions put down a refundable deposit — 5% of their asking price — before their auction can go live. It's returned in full once they deliver. If they don't deliver in time, the deposit is forfeited (70% to Bextree, 30% to the buyer) and the buyer is refunded automatically. LP sellers skip this deposit entirely, since there's no window where they could fail to deliver in the first place.
Fees
Fees are only ever charged on a successful settlement — never on bids, and never on a listing that fails to sell or fails to settle.
The standard fee is a flat 3% of the final sale price, the same rate whether you're trading an LP position or a Streamflow/Jupiter Lock vesting position. During the current public beta, that rate is discounted to 1.5%— and a listing keeps whatever rate was in effect when it was created, even after the standard rate takes over. It's deducted from the seller's proceeds at settlement — the buyer pays exactly their winning bid amount into escrow, and the seller receives that amount minus the fee.