diff --git a/src/pumpfun_cli/commands/launch.py b/src/pumpfun_cli/commands/launch.py
index 5e32549..4379845 100644
--- a/src/pumpfun_cli/commands/launch.py
+++ b/src/pumpfun_cli/commands/launch.py
@@ -16,6 +16,7 @@ def launch(
     image: str | None = typer.Option(None, "--image", help="Path to token image"),
     buy: float | None = typer.Option(None, "--buy", help="Initial buy amount in SOL"),
     mayhem: bool = typer.Option(False, "--mayhem", help="Enable mayhem mode"),
+    cashback: bool = typer.Option(False, "--cashback", help="Enable cashback for the token"),
 ):
     """Launch a new token on pump.fun (create_v2 + extend_account)."""
     state = ctx.obj
@@ -49,6 +50,7 @@ def launch(
                 image,
                 buy,
                 mayhem,
+                cashback,
                 **overrides,
             )
         )
@@ -63,5 +65,7 @@ def launch(
         typer.echo(f"  Mint:     {result['mint']}")
         typer.echo(f"  TX:       {result['explorer']}")
         typer.echo(f"  Pump.fun: {result['pump_url']}")
+        if result.get("is_cashback"):
+            typer.echo("  Cashback: enabled")
         if result.get("initial_buy_sol"):
             typer.echo(f"  Buy:      {result['initial_buy_sol']} SOL")
diff --git a/src/pumpfun_cli/core/launch.py b/src/pumpfun_cli/core/launch.py
index 84ec9bc..62bae83 100644
--- a/src/pumpfun_cli/core/launch.py
+++ b/src/pumpfun_cli/core/launch.py
@@ -58,6 +58,7 @@ async def launch_token(
     image_path: str | None = None,
     initial_buy_sol: float | None = None,
     is_mayhem: bool = False,
+    is_cashback: bool = False,
     priority_fee: int | None = None,
     compute_units: int | None = None,
 ) -> dict:
@@ -84,6 +85,7 @@ async def launch_token(
             symbol=ticker,
             uri=uri,
             is_mayhem=is_mayhem,
+            is_cashback=is_cashback,
         )
 
         # 4. Add extend_account instruction (required for frontend visibility)
@@ -121,6 +123,7 @@ async def launch_token(
             "ticker": ticker,
             "mint": str(mint),
             "metadata_uri": uri,
+            "is_cashback": is_cashback,
             "initial_buy_sol": initial_buy_sol,
             "signature": sig,
             "explorer": f"https://solscan.io/tx/{sig}",
diff --git a/src/pumpfun_cli/protocol/instructions.py b/src/pumpfun_cli/protocol/instructions.py
index 2689b85..35b0606 100644
--- a/src/pumpfun_cli/protocol/instructions.py
+++ b/src/pumpfun_cli/protocol/instructions.py
@@ -286,6 +286,7 @@ def build_create_instructions(
     symbol: str,
     uri: str,
     is_mayhem: bool = False,
+    is_cashback: bool = False,
     token_program: Pubkey = TOKEN_2022_PROGRAM,
 ) -> list[Instruction]:
     """Build create_v2 token instruction for pump.fun (Token2022).
@@ -307,6 +308,9 @@ def build_create_instructions(
     assoc_bc = derive_associated_bonding_curve(mint, bonding_curve, token_program)
     mint_auth = _derive_mint_authority()
 
+    mayhem_state = derive_mayhem_state(mint)
+    mayhem_token_vault = derive_mayhem_token_vault(mint)
+
     create_accounts = [
         AccountMeta(pubkey=mint, is_signer=True, is_writable=True),
         AccountMeta(pubkey=mint_auth, is_signer=False, is_writable=False),
@@ -317,21 +321,15 @@ def build_create_instructions(
         AccountMeta(pubkey=SYSTEM_PROGRAM, is_signer=False, is_writable=False),
         AccountMeta(pubkey=TOKEN_2022_PROGRAM, is_signer=False, is_writable=False),
         AccountMeta(pubkey=ASSOCIATED_TOKEN_PROGRAM, is_signer=False, is_writable=False),
+        # Mayhem accounts are always required by create_v2 per IDL,
+        # regardless of is_mayhem_mode flag value.
+        AccountMeta(pubkey=MAYHEM_PROGRAM_ID, is_signer=False, is_writable=False),
+        AccountMeta(pubkey=MAYHEM_GLOBAL_PARAMS, is_signer=False, is_writable=False),
+        AccountMeta(pubkey=MAYHEM_SOL_VAULT, is_signer=False, is_writable=True),
+        AccountMeta(pubkey=mayhem_state, is_signer=False, is_writable=True),
+        AccountMeta(pubkey=mayhem_token_vault, is_signer=False, is_writable=True),
     ]
 
-    if is_mayhem:
-        mayhem_state = derive_mayhem_state(mint)
-        mayhem_token_vault = derive_mayhem_token_vault(mint)
-        create_accounts.extend(
-            [
-                AccountMeta(pubkey=MAYHEM_PROGRAM_ID, is_signer=False, is_writable=True),
-                AccountMeta(pubkey=MAYHEM_GLOBAL_PARAMS, is_signer=False, is_writable=False),
-                AccountMeta(pubkey=MAYHEM_SOL_VAULT, is_signer=False, is_writable=True),
-                AccountMeta(pubkey=mayhem_state, is_signer=False, is_writable=True),
-                AccountMeta(pubkey=mayhem_token_vault, is_signer=False, is_writable=True),
-            ]
-        )
-
     create_accounts.extend(
         [
             AccountMeta(pubkey=PUMP_EVENT_AUTHORITY, is_signer=False, is_writable=False),
@@ -348,6 +346,7 @@ def build_create_instructions(
         + _encode_borsh_string(uri)
         + bytes(user)  # creator arg
         + struct.pack("<?", is_mayhem)  # is_mayhem_mode: bool
+        + struct.pack("<?", is_cashback)  # is_cashback_enabled: OptionBool
     )
 
     create_ix = Instruction(
diff --git a/tests/test_commands/test_smoke.py b/tests/test_commands/test_smoke.py
index 06c3357..2b2b16c 100644
--- a/tests/test_commands/test_smoke.py
+++ b/tests/test_commands/test_smoke.py
@@ -173,6 +173,14 @@ def test_tokens_no_subcommand_shows_help():
     assert result.exit_code == 0
 
 
+def test_launch_help_shows_cashback():
+    """Launch --help includes --cashback flag."""
+    result = runner.invoke(app, ["launch", "--help"])
+    assert result.exit_code == 0
+    out = _strip_ansi(result.output)
+    assert "--cashback" in out
+
+
 @pytest.mark.parametrize("limit", ["0", "-1"])
 @pytest.mark.parametrize(
     ("subcommand", "extra_args"),
diff --git a/tests/test_core/test_launch.py b/tests/test_core/test_launch.py
new file mode 100644
index 0000000..edd09ac
--- /dev/null
+++ b/tests/test_core/test_launch.py
@@ -0,0 +1,91 @@
+"""Tests for core/launch.py — cashback flag pass-through."""
+
+from unittest.mock import AsyncMock, patch
+
+import pytest
+
+
+@pytest.mark.asyncio
+async def test_launch_passes_cashback_false(tmp_keystore):
+    """launch_token passes is_cashback=False through to build_create_instructions."""
+    with (
+        patch(
+            "pumpfun_cli.core.launch.upload_metadata",
+            new_callable=AsyncMock,
+            return_value="https://ipfs.example.com/metadata.json",
+        ),
+        patch("pumpfun_cli.core.launch.build_create_instructions", wraps=None) as mock_build,
+        patch("pumpfun_cli.core.launch.build_extend_account_instruction"),
+        patch(
+            "pumpfun_cli.core.launch.RpcClient",
+        ) as mock_rpc_cls,
+    ):
+        mock_client = AsyncMock()
+        mock_client.send_tx = AsyncMock(return_value="fakesig123")
+        mock_rpc_cls.return_value = mock_client
+
+        # build_create_instructions needs to return a list of instructions
+        from unittest.mock import MagicMock
+
+        mock_ix = MagicMock()
+        mock_build.return_value = [mock_ix]
+
+        from pumpfun_cli.core.launch import launch_token
+
+        result = await launch_token(
+            rpc_url="https://fake.rpc",
+            keystore_path=tmp_keystore,
+            password="testpass",
+            name="TestToken",
+            ticker="TST",
+            description="A test token",
+            is_cashback=False,
+        )
+
+        mock_build.assert_called_once()
+        call_kwargs = mock_build.call_args
+        assert call_kwargs.kwargs.get("is_cashback") is False or (
+            not call_kwargs.kwargs.get("is_cashback", True)
+        )
+        assert result["is_cashback"] is False
+
+
+@pytest.mark.asyncio
+async def test_launch_passes_cashback_true(tmp_keystore):
+    """launch_token passes is_cashback=True through to build_create_instructions."""
+    with (
+        patch(
+            "pumpfun_cli.core.launch.upload_metadata",
+            new_callable=AsyncMock,
+            return_value="https://ipfs.example.com/metadata.json",
+        ),
+        patch("pumpfun_cli.core.launch.build_create_instructions", wraps=None) as mock_build,
+        patch("pumpfun_cli.core.launch.build_extend_account_instruction"),
+        patch(
+            "pumpfun_cli.core.launch.RpcClient",
+        ) as mock_rpc_cls,
+    ):
+        mock_client = AsyncMock()
+        mock_client.send_tx = AsyncMock(return_value="fakesig456")
+        mock_rpc_cls.return_value = mock_client
+
+        from unittest.mock import MagicMock
+
+        mock_ix = MagicMock()
+        mock_build.return_value = [mock_ix]
+
+        from pumpfun_cli.core.launch import launch_token
+
+        result = await launch_token(
+            rpc_url="https://fake.rpc",
+            keystore_path=tmp_keystore,
+            password="testpass",
+            name="TestToken",
+            ticker="TST",
+            description="A test token",
+            is_cashback=True,
+        )
+
+        mock_build.assert_called_once()
+        assert mock_build.call_args.kwargs["is_cashback"] is True
+        assert result["is_cashback"] is True
diff --git a/tests/test_protocol/test_instructions.py b/tests/test_protocol/test_instructions.py
index 8eb6485..810b113 100644
--- a/tests/test_protocol/test_instructions.py
+++ b/tests/test_protocol/test_instructions.py
@@ -3,14 +3,23 @@
 from solders.pubkey import Pubkey
 
 from pumpfun_cli.protocol.address import derive_associated_bonding_curve, derive_bonding_curve
-from pumpfun_cli.protocol.contracts import BUY_EXACT_SOL_IN_DISCRIMINATOR
+from pumpfun_cli.protocol.contracts import (
+    BUY_EXACT_SOL_IN_DISCRIMINATOR,
+    MAYHEM_GLOBAL_PARAMS,
+    MAYHEM_PROGRAM_ID,
+    MAYHEM_SOL_VAULT,
+)
 from pumpfun_cli.protocol.idl_parser import IDLParser
 from pumpfun_cli.protocol.instructions import (
     build_buy_exact_sol_in_instructions,
     build_buy_instructions,
+    build_create_instructions,
     build_sell_instructions,
 )
 
+# create_v2 must always have exactly 16 accounts (including mayhem accounts).
+_EXPECTED_CREATE_V2_ACCOUNTS = 16
+
 IDL_PATH = Path(__file__).parent.parent.parent / "idl" / "pump_fun_idl.json"
 _MINT = Pubkey.from_string("EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v")
 _USER = Pubkey.from_string("11111111111111111111111111111112")
@@ -81,3 +90,78 @@ def test_buy_exact_sol_in_discriminator():
     )
     buy_ix = ixs[-1]
     assert buy_ix.data[:8] == BUY_EXACT_SOL_IN_DISCRIMINATOR
+
+
+def test_create_instructions_cashback_false():
+    """create_v2 with is_cashback=False encodes OptionBool as 0x00."""
+    idl = IDLParser(str(IDL_PATH))
+    ixs = build_create_instructions(
+        idl=idl,
+        mint=_MINT,
+        user=_USER,
+        name="Test",
+        symbol="TST",
+        uri="https://example.com",
+        is_mayhem=False,
+        is_cashback=False,
+    )
+    assert len(ixs) == 1
+    create_ix = ixs[0]
+    # Lock account layout to prevent AccountNotEnoughKeys regressions
+    assert len(create_ix.accounts) == _EXPECTED_CREATE_V2_ACCOUNTS
+    assert create_ix.accounts[9].pubkey == MAYHEM_PROGRAM_ID
+    assert create_ix.accounts[10].pubkey == MAYHEM_GLOBAL_PARAMS
+    assert create_ix.accounts[11].pubkey == MAYHEM_SOL_VAULT
+    # Last byte should be 0x00 (is_cashback_enabled = false)
+    assert create_ix.data[-1:] == b"\x00"
+    # Second-to-last byte is is_mayhem_mode = false
+    assert create_ix.data[-2:-1] == b"\x00"
+
+
+def test_create_instructions_cashback_true():
+    """create_v2 with is_cashback=True encodes OptionBool as 0x01."""
+    idl = IDLParser(str(IDL_PATH))
+    ixs = build_create_instructions(
+        idl=idl,
+        mint=_MINT,
+        user=_USER,
+        name="Test",
+        symbol="TST",
+        uri="https://example.com",
+        is_mayhem=False,
+        is_cashback=True,
+    )
+    assert len(ixs) == 1
+    create_ix = ixs[0]
+    assert len(create_ix.accounts) == _EXPECTED_CREATE_V2_ACCOUNTS
+    assert create_ix.accounts[9].pubkey == MAYHEM_PROGRAM_ID
+    assert create_ix.accounts[10].pubkey == MAYHEM_GLOBAL_PARAMS
+    assert create_ix.accounts[11].pubkey == MAYHEM_SOL_VAULT
+    # Last byte should be 0x01 (is_cashback_enabled = true)
+    assert create_ix.data[-1:] == b"\x01"
+    # Second-to-last byte is is_mayhem_mode = false
+    assert create_ix.data[-2:-1] == b"\x00"
+
+
+def test_create_instructions_mayhem_and_cashback():
+    """create_v2 with both is_mayhem=True and is_cashback=True."""
+    idl = IDLParser(str(IDL_PATH))
+    ixs = build_create_instructions(
+        idl=idl,
+        mint=_MINT,
+        user=_USER,
+        name="Test",
+        symbol="TST",
+        uri="https://example.com",
+        is_mayhem=True,
+        is_cashback=True,
+    )
+    assert len(ixs) == 1
+    create_ix = ixs[0]
+    assert len(create_ix.accounts) == _EXPECTED_CREATE_V2_ACCOUNTS
+    assert create_ix.accounts[9].pubkey == MAYHEM_PROGRAM_ID
+    assert create_ix.accounts[10].pubkey == MAYHEM_GLOBAL_PARAMS
+    assert create_ix.accounts[11].pubkey == MAYHEM_SOL_VAULT
+    # Last byte = cashback true, second-to-last = mayhem true
+    assert create_ix.data[-1:] == b"\x01"
+    assert create_ix.data[-2:-1] == b"\x01"
diff --git a/tests/test_surfpool/test_launch.py b/tests/test_surfpool/test_launch.py
new file mode 100644
index 0000000..fd31f16
--- /dev/null
+++ b/tests/test_surfpool/test_launch.py
@@ -0,0 +1,81 @@
+"""Surfpool integration: token launch with mayhem/cashback flag combinations.
+
+Tests launch_token() against a surfpool fork, covering the full matrix of
+is_mayhem x is_cashback (with and without initial buy), verifying that
+tokens are created on-chain successfully.
+
+The IPFS metadata upload is mocked — the on-chain program does not
+validate URI content, so a fake URI is sufficient for testing the
+create_v2 instruction serialisation.
+"""
+
+from unittest.mock import AsyncMock, patch
+
+import pytest
+
+from pumpfun_cli.core.info import get_token_info
+from pumpfun_cli.core.launch import launch_token
+
+FAKE_URI = "https://example.com/test-metadata.json"
+
+_UPLOAD_PATCH = patch(
+    "pumpfun_cli.core.launch.upload_metadata",
+    new_callable=AsyncMock,
+    return_value=FAKE_URI,
+)
+
+_LAUNCH_MATRIX = [
+    pytest.param(False, False, None, id="default"),
+    pytest.param(False, True, None, id="cashback"),
+    pytest.param(True, False, None, id="mayhem"),
+    pytest.param(True, True, None, id="mayhem+cashback"),
+    pytest.param(False, False, 0.001, id="default+buy"),
+    pytest.param(False, True, 0.001, id="cashback+buy"),
+    pytest.param(True, False, 0.001, id="mayhem+buy"),
+    pytest.param(True, True, 0.001, id="mayhem+cashback+buy"),
+]
+
+
+@pytest.mark.asyncio
+@pytest.mark.parametrize("is_mayhem,is_cashback,initial_buy_sol", _LAUNCH_MATRIX)
+@_UPLOAD_PATCH
+async def test_launch(
+    _mock_upload,
+    surfpool_rpc,
+    funded_keypair,
+    test_keystore,
+    test_password,
+    is_mayhem,
+    is_cashback,
+    initial_buy_sol,
+):
+    """Launch token with given mayhem/cashback/buy combination."""
+    kwargs = {}
+    if is_mayhem:
+        kwargs["is_mayhem"] = True
+    if is_cashback:
+        kwargs["is_cashback"] = True
+    if initial_buy_sol is not None:
+        kwargs["initial_buy_sol"] = initial_buy_sol
+
+    result = await launch_token(
+        rpc_url=surfpool_rpc,
+        keystore_path=str(test_keystore),
+        password=test_password,
+        name="Test",
+        ticker="TST",
+        description="parametrized launch",
+        **kwargs,
+    )
+
+    assert "error" not in result, f"Launch failed: {result}"
+    assert result["action"] == "launch"
+    assert result["is_cashback"] is is_cashback
+    assert result["signature"]
+
+    if initial_buy_sol is not None:
+        assert result["initial_buy_sol"] == initial_buy_sol
+
+    info = await get_token_info(surfpool_rpc, result["mint"])
+    assert "error" not in info, f"Token not found: {info}"
+    assert info["graduated"] is False