Every trade pays a fee. On RH Pads that fee is never paid to a person — it is split between the coin's own liquidity and a redemption vault that any holder can burn into at any time. The vault has no withdraw function. It only fills.
Each stone is one compound. The pad is quote-asset backing per token: ETH, USDG,
or actual tokenized NVDA, held in a contract with no owner and no exit.
A holder can burn tokens for their share of it whenever they like. That makes the floor
arithmetic rather than a promise — pad ÷ circulating supply — and it only moves up,
because fees add to the top and every redemption burns supply off the bottom.
pons runs the curve and locks the graduation liquidity. RH Pads decides what happens to the fee stream on top of it.
One immutable number set at launch decides how each fee divides between liquidity and the pad. All depth is a Wheel-style coin. All pad is a pure floor coin that trades thin. Most will sit in between, and the split becomes part of the coin's character.
Redemption is unconditional and permissionless. That is what turns a pile of fees into a floor: below pad ÷ supply, buying to redeem is free money, so the price does not stay there.
The liquidity half goes in as single-sided quote depth just under spot, and the band only ever lifts. A bid wall that climbs with volume and never retreats, drawn as a staircase under the chart.
Real arithmetic — this runs rhpads/pad.py on the server, the same module the
contracts will mirror. Volume is deliberately unkind: a launch spike that decays away.
Watch the floor keep climbing after the attention leaves.
Connect a wallet on Robinhood Chain. The split below carries over from the simulator.
Shortlist from docs/DESIGN.md. The first three are the ones I would build;
the last two are on the list mainly so we can say why not.
| Mechanism | What it gives you | Verdict |
|---|---|---|
| Redemption pad | An arithmetic floor that only rises. The core spin. | v1 |
| Basket-backed pad | Fees buy a basket of tokenized equities, so a memecoin's floor is an index fund. Impossible on any other chain. | v1 |
| Ratchet depth | A bid wall that climbs and never steps down. | v1 |
| Creator bond | Seized into the pad if the creator dumps early — rug protection that pays the victims. | v1 |
| veRHP gauge + bribes | Holders vote where the protocol pot flows; creators bribe for it. Curve's flywheel, never applied to a launchpad. | v2 |
| Equity-denominated staking | Stake $RHP, get paid in fractional NVDA and SPY. | v2 |
| Time-weighted redemption | Rewards conviction, but breaks fungibility and composability. | no |
| Volume lottery | Attention, at the cost of inviting wash trading. | no |