How Loxpad works

A normal memecoin's only asset is attention. A Loxpad coin also owns a small trading operation: its fees become collateral for a position the creator chose at launch — say 5x long BTC, 10x long TSLA, or a basket like 3x long SOL / short BTC. When that position is in profit, the profit is realised and sent back to the coin, where it buys and burns supply and pays holders in ETH.

• pons v2 — the launchpad. It mints the token, runs the bonding curve, graduates the coin into a locked Uniswap v4 pool, and pays creator fees to whatever address is registered as the coin's fee recipient.
• The CoinVault — one per coin, registered as that fee recipient. It splits incoming fees and holds the buyback and dividend reserves. It has no owner and no withdraw function.
• Lighter — Robinhood Chain's perp venue, where each coin's position lives in its own account.
• The keeper — an off-chain bot that harvests fees, manages the position, executes buybacks and pays dividends, following the published policy below. On-chain it can only do what the vault allows: spend the buyback reserve on the coin (and burn it) and pay dividends to holders.

1. 1

   A coin should hold something.

   Most memecoins are a ticker and a mood; when attention moves on, nothing is left behind. We think a coin should own something real — a live position that its own trading pays for, whose gains flow back to the people holding it. Volume becomes collateral. Conviction becomes a trade on the record.

2. 2

   Creators should not be able to rug.

   Not as a promise, but as an absence of functions. The token cannot be minted or frozen. Liquidity sits in a pons curve and then a locked pool. Fees belong to a vault with no owner and no withdraw function. What a creator keeps is small and bounded: a fixed share of fees and two dials on a timer — side and leverage once a day, the split once a week.

3. 3

   Everything should be verifiable.

   Every fee, split, buyback, burn and dividend is an on-chain transaction, and every position lives in its own account on Lighter. The figures on this site are read from those contracts and that venue. If a number here cannot be traced back to a transaction or an account, treat it as wrong.

Launch a coin, and it holds a position. Hold the coin, and you hold a share of what that position earns.

Launching is a single transaction to the launcher's launch function. Inside that transaction the launcher:

1. 1
   Deploys a fresh CoinVault as a minimal clone at a deterministic address derived from your wallet and a random salt (predictVault(creator, salt) shows it in advance).
2. 2
   Launches the token on pons v2 with the vault as creatorFeeRecipient and pons' own buyback switched off (buybackEnabled = false) — the vault runs its own buyback & burn instead.
3. 3
   Optionally makes your opening buy through pons' launch-and-buy helper in the same transaction, so nobody can snipe ahead of you. It reverts if you would receive more than 22.9% of supply; any unfilled ETH is refunded.
4. 4
   Initialises the vault with your fee split and strategy (both validated on-chain) and registers the coin.

The transaction also passes expectedEconomics — a hash from pons' previewLaunchEconomics. If pons changes fees or curve parameters between your preview and your transaction, the launch reverts rather than launching on terms you didn't see.

Before graduation the coin trades on its pons bonding curve; after it, in the v4 pool. The Loxpad router picks the right venue automatically and enforces your slippage limit either way. Fletch a coin →

Fees reach the vault from pons — from the curve before graduation, from the v4 hook after, and via pons' fee escrow. Anyone can call harvest() to pull everything owed and split it. The split has two fixed parts and one variable part:

Perp, buyback and dividends always add up to exactly 70%, and the perp share can never drop below 10%. The contract rejects any other split with BadSplit.

$10,000 of volume on a coin with a 3% creator tax
  creator fee  0.7% × 10,000 = $70
  creator tax  3.0% × 10,000 = $300
  into vault                  = $370

  creator   15%  → $55.50
  treasury  15%  → $55.50
  perp      30%  → $111.00   (default split)
  buyback   10%  → $37.00
  dividends 30%  → $111.00

Profit coming back

Realised perp profit is returned with depositProfit and split by a second fixed rule: 50% holders, 25% buyback & burn, 15% creator, 10% treasury. If the coin's dividend share is set to 0%, the holders' half goes to buyback & burn instead.

Community top-ups

Anyone can add ETH to a coin's perp collateral with topUp. It buys no tokens, earns nothing directly and cannot be withdrawn — it is a contribution to the position, nothing more.

The perp share of fees is forwarded to the coin's dedicated perp wallet, which is bound to the vault once and can't be changed. The keeper evaluates every coin every 15 seconds and applies this policy:

How take-profit sizes itself

At the trigger the keeper closes the fraction uPnL ÷ equity of the position. That realises exactly the profit, returns equity to the collateral level, and leaves effective leverage where it was — the position keeps running at the same risk, just without the gain sitting on it.

collateral $200 · 5x long · price +5%
  uPnL     = $50  (25% of collateral → trigger)
  equity   = $250 · notional $1,050 · eff. leverage 4.2x
  close    = 50 / 250 = 20% of the position
  after    = equity $200 · notional $840 · eff. leverage 4.2x
  $50 → vault → $25 holders · $12.50 burn · $7.50 creator · $5 treasury

Baskets

A two-leg coin (e.g. long SOL / short BTC) splits collateral across both legs at the same leverage, with the second leg always on the opposite side. Take-profit and top-ups look at the combined PnL.

Leverage means positions can be liquidated. A liquidation costs the collateral in that account — never the coin's liquidity, the reserves in the vault, or holders' tokens. After one, the engine deliberately slows down:

1. 1
   Cooldown. 6h after the first liquidation, 12h after the second, 24h after the third and later ones. Fees keep accumulating in the meantime.
2. 2
   Leverage decay. Each liquidation multiplies the leverage used for the next open by 0.6, with a floor of 3x (a strategy already below that keeps its own leverage).
3. 3
   Recovery condition. After the cooldown, the position reopens only once the market has traded back past the liquidation price — above it for longs, below it for shorts — so the engine doesn't re-enter straight into the same move.
4. 4
   Forgiveness. After 14 days without another liquidation, the count resets and the coin returns to its configured leverage.

10x strategy: 10x → liq → 6x → liq → 3.6x → liq → 3x (floor)

The buyback reserve fills from the fee split and from the buyback share of every take-profit. Once it holds at least $25, the keeper calls buybackAndBurn, spending at most $25 per tick so buys are spread out instead of landing as one block.

• Before graduation the vault buys on the pons bonding curve; after graduation it swaps in the coin's Uniswap v4 pool.
• Every token bought is transferred to 0x000000000000000000000000000000000000dEaD in the same transaction. There is no path for bought tokens to go anywhere else.
• While a coin is mid-graduation (curve swept, pool not yet live) buybacks pause and the reserve simply waits.
• The keeper can only spend the buyback reserve on the coin. It cannot withdraw the reserve or send it elsewhere.

Dividends are paid in ETH from the dividend reserve, in 12-hour windows. Within each window the keeper takes a balance snapshot at a random moment, so buying just before a known snapshot time doesn't work. The reserve is then divided pro rata among holders at that snapshot and pushed straight to their wallets.

Excluded from snapshots

These addresses hold tokens but are not holders, so they never receive dividends:

• Uniswap v4 PoolManager and the pons LP locker (graduated liquidity)
• The coin's bonding curve (unsold supply)
• The coin's own vault
• The dead address and the zero address (burned tokens)
• pons hook and buyback contracts

Shares worth less than $1 are carried forward to the holder's next window instead of being spent on gas. If a push to a wallet fails (for example a contract that rejects ETH), that amount stays in the reserve.

The creator role is intentionally small. It can do three things:

setStrategy(isLong, leverage)

Flip long/short or change leverage (up to the market's cap). Once per 24h. The market itself is fixed for life.

setSplit(perp, buyback, dividends)

Re-cut the 70% (perp ≥ 10%). Once every 7 days.

transferCreator(next)

Hand the creator role — and the 15% creator share — to another address.

Both cooldowns start at launch, so the terms a coin launches with hold for at least one full period.

What the creator cannot do

• Mint tokens or freeze transfers — the pons token has no such functions.
• Pull liquidity — the curve is pons', and graduated LP is locked by pons.
• Withdraw or redirect fees — the vault is the pons fee recipient, and it has no function to change that or to withdraw.
• Touch the buyback or dividend reserves, the treasury share, or the perp account's collateral.
• Change the creator or treasury percentages, which are constants in the vault.

A coin that already trades on pons can adopt the same machinery. Only the wallet currently set as the coin's pons creatorFeeRecipient can do it:

1. 1
   Call the launcher's registerExisting(token, split, strategy). This deploys the coin's vault (its address is shown before you sign) and lists the coin. The vault earns nothing yet.
2. 2
   Call pons transferCreatorFeeRecipient(token, vault). From this point pons pays the coin's creator fees and creator tax into the vault, and the engine switches on.

The launch page has a guided flow for both transactions.

Vault constants are fixed in the CoinVault contract. Engine parameters are the keeper's published policy; where the keeper reports its live thresholds in its heartbeat, the values below are read from it.

Stock, index, commodity and pre-IPO markets are perpetual futures that track those prices; you never hold the underlying asset. Their liquidity and funding can differ from crypto majors, especially outside US market hours.

Every coin's own vault, curve and perp wallet are linked from its coin page under Verify.

• Loxpad launcher

  Deploys each coin's vault, launches it on pons, registers existing coins.

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  0x815cC0…B69dE7⧉Explorer
• Loxpad router

  Single buy/sell entry point: routes to the curve, then to the v4 pool.

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  0xf3873d…ECFB2D⧉Explorer
• CoinVault (implementation)

  Logic every per-coin vault clone delegates to. Holds no funds itself.

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  0xEb287f…9bfDEa⧉Explorer
• pons factory

  Creates tokens and curves; records each coin's creator-fee recipient.

  0x7eD598BcEf8bd9Edd8C97A195C6d13f40801EC7e
  0x7eD598…01EC7e⧉Explorer
• pons launch & buy

  Launches a coin and makes the creator's opening buy atomically.

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  0xe33E9E…F62948⧉Explorer
• pons launch deployer

  Deploys token and curve contracts for the factory.

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  0x3711ce…6D1A42⧉Explorer
• pons meme hook

  Uniswap v4 hook on graduated pools; accrues creator fees and tax.

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  0xE5e702…6Be044⧉Explorer
• pons fee escrow

  Holds fees owed to recipients until they are claimed (the vault claims on harvest).

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  0xd3AFEB…16Ac9e⧉Explorer
• pons buyback vault

  pons' own buyback module — disabled for Loxpad coins; the CoinVault runs buybacks.

  0x42df2a798f82289E177311362e8f5ccC45c1219c
  0x42df2a…c1219c⧉Explorer
• pons LP locker

  Holds graduated liquidity so it can't be withdrawn.

  0x267444D099b10fB5Ed7c3Cc7B7c767AdcA574952
  0x267444…574952⧉Explorer
• Uniswap v4 PoolManager

  Singleton that holds every graduated pool.

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  0x8366a3…e40951⧉Explorer
• Uniswap v4 Quoter

  Used by the app to quote trades on graduated coins.

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  0x8Dc178…c98F94⧉Explorer
• WETH

  Wrapped ether on Robinhood Chain.

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  0x0Bd7D3…AcAD73⧉Explorer

• Leverage and liquidation. A coin's position can be liquidated in minutes. Profits are only taken at the trigger; an unrealised gain can disappear before it gets there.
• Venue risk. Positions live on Lighter. Outages, oracle problems, funding costs, auto-deleveraging or market closures there affect every coin backed by that market.
• Keeper risk. Harvesting, position management, buybacks and dividends depend on an off-chain keeper. If it stops, fees keep accumulating safely in vaults, but nothing is deployed or paid until it resumes. Its on-chain powers are limited to the actions described above.
• Smart-contract risk. The Loxpad contracts are unaudited. pons v2 audits are in progress. Bugs in any contract in the stack could lose funds.
• Chain risk. Robinhood Chain is a young network; congestion, reorgs or RPC issues can delay transactions and keeper actions.
• No guarantees. Buybacks and dividends only happen if the position is profitable or fees accumulate. There is no promised yield.