Fixed and final

Supply

Every launch deploys a standard ERC-20 with a supply of one billion and no mint function. There is no inflation lever, no pause and no blacklist, so after deploy the only direction supply can move is down, through burns the keeper performs on the coin’s behalf.

Nothing about the coin can be changed once it is out: not the backing market, not the direction, not the leverage. Those three are chosen at launch and they are what the engine trades for as long as the coin exists.

Fees from the first block

Curve

Coins trade against a bonding curve from the first swap. Every swap pays a flat 1%, which is what funds the engine before the coin has any pool of its own. At 4.2 ETH raised the coin graduates and its liquidity migrates into a full pool.

Graduation moves liquidity and nothing else. It does not touch the position, the sub-wallet or the split, so a graduated coin is simply a coin whose engine has been running longer.

One wallet per coin

Sub-wallet

Each coin owns a sub-wallet derived from the router and its own token address. Fees claimed for that coin land there, margin for its position is posted from there, and its burns are executed by it.

No two coins share a wallet. That is the whole point of the design: one coin’s position cannot put another coin’s balance at risk, however badly it goes. The keeper is the only actor permitted to move those funds, and only along the four paths below.

Crypto and tokenized equities

Markets

A launcher picks from a curated list of markets in two kinds: crypto, which trades around the clock, and tokenized equities, which follow the underlying market’s hours. Outside those hours an equity-backed coin keeps trading normally; only its position sits still.

Leverage is chosen at launch and capped per market. The cap shown in the console is the lower of ours and the venue’s own, so a launch can never open at a size that would be clamped on the way in.

50 / 15 / 15 / 20

Fee split

Every claim divides the same way: half becomes margin on the coin’s own position, 15% goes to whoever launched it, 15% to the protocol treasury, and 20% buys the coin back off the market and burns it.

The shares are stored in basis points and must sum to 10000 or the claim reverts, so there is no path by which a claim is split some other way. Nothing is minted to pay any of the four.

• 50% margin
• 15% creator
• 15% treasury
• 20% burn

Four moves, no discretion

Keeper loop

A keeper service ticks every fifteen seconds. It holds no view on any market and cannot act outside this loop.

1. Claim. Creator fees are claimed from the curve or, for a routed coin, from its sub-wallet.
2. Split. The claim divides 50 / 15 / 15 / 20, and the burn share buys the coin back and destroys it.
3. Take profit. If floating profit has passed +50% of collateral, a quarter of the position is closed and what it realised is routed 75% to burn, 25% to treasury.
4. Add margin. Otherwise the margin share tops the position up at the same leverage.

There is no rebalancing step, no path that flips a position, and no path that closes one at a loss.

Opens once

Position lifecycle

A position opens once $20 of fees have accrued, which at a 1% fee is about $2,000 of trading, and roughly a $2,500 market cap. From then on every claim adds $20 of margin at the same leverage: size grows, leverage does not.

Each time floating profit passes +50% of collateral the keeper closes a quarter of the position. In drawdown the position only ever receives margin, and a top-up strictly increases collateral, so adding margin can never itself be the cause of a liquidation.

A liquidation is still possible: the market can move far enough, fast enough, between ticks. If it does, that coin’s position is gone and its engine restarts from the next claim. Nothing else about the coin changes and no other coin is affected.

Coins launched elsewhere

External coins

A coin that launched somewhere else can point its creator fees here and run the same engine. Its creator derives a sub-wallet from the router and the token address, then directs fees at it. From the first claim onward it behaves exactly like a native launch: same split, same keeper, same burn schedule.

Deriving the address requires no wallet connection and grants nothing, so the mechanic can be inspected in full before anything is pointed anywhere.

All of it in one table

Parameters

Parameters are protocol level and identical for native launches and externally routed coins.

Nothing deployed yet

Contracts

Addresses appear here the day they are live on the explorer, and nowhere before that. Anyone can deploy a token and call it ours: an address that is not on this page or posted from @usedustdotfun is not ours.

Said plainly

What can go wrong

The position can be liquidated. Leverage does that. The design never closes at a loss, but the market can still take a position out between ticks, and a coin whose position is gone has to rebuild it from the next claim.

Positions execute at a venue, not on this chain. Fees, splits and burns happen on Robinhood Chain and you can open every one of them in the explorer. The leveraged leg is filled where that market actually has depth, which means it carries that venue’s risk as well as ours.

A quiet coin has no engine. Everything here is powered by trading fees. A coin that does no volume accrues nothing, opens nothing, and burns nothing.

None of it is audited yet, and none of it is advice. Smart-contract risk and market risk are both real, and a coin backed by a leveraged position is not a safer coin, it is a coin with one more way to go wrong.