Herd LPs

Ring 1 — Herd LPs

The pools where HERD is in the pair. These are the only pools that hold HERD supply and the only ones that move HERD's price directly.

• The ANSEM fee ladder. One pair, six fee tiers (0.25% → 6%). Routers push calm, size-sensitive flow to the cheap rungs and volatile or urgent flow to the expensive rungs. LPs pick their own risk/reward — thin fee with high turnover, or fat fee with selective fill. Together they behave as one market with layered fee capture, not six competing markets.
• Ecosystem pairs. HERD–CATE, HBULL, TBULL, PANTS, CSR, TIPANSEM. HERD becomes a routing hop inside the ANSEM ecosystem: someone rotating out of CATE can land in HERD without touching SOL.
• Anchors. HERD–SOL, USDC, XAUt0. Outside-money on-ramps and reference marks — SOL for native flow, USDC for a dollar mark, XAUt0 for a gold mark.

Ring 2 — the herd book

Every open TOKEN–ANSEM pool. No HERD inside them, no direct effect on HERD's price. They connect two ways:

• Collective share. Each pool's weight in the book (share %) is the herd's shared allocation map — what nodes read when deciding where capital goes, and the scoreboard the whole herd is graded on. HERD is the claim on that book, not a token inside it.
• Transfer. Value earned in ring 2 lands in ANSEM — the claimable slice of every compounding TOKEN–ANSEM pool — and in $HERD creator fees. Both route back through ring 1: buy HERD, buy ANSEM, seed HERD pairs. ANSEM is the bridge: quote asset in ring 2, dominant quote in ring 1.

See the live TOKEN–ANSEM book on the homepage.