How a feat works.

Overview

Feat is a launcher built on Pons V2, the main launchpad on Robinhood Chain. You launch a coin exactly as you would on Pons, with one extra choice: an asset to pair it with. It can be a stock token, a stablecoin or any coin on the chain.

That choice connects your coin to the asset's community in both directions:

• Their holders get your airdrop. A share of your opening buy is reserved for the holders of the asset, who claim it on Feat.
• Your holders earn their asset. Your coin's trading fees buy the asset and pay it to your holders, for as long as the coin trades.

A slice of every coin's fees buys $FEAT and burns it.

Launching

One transaction, signed by you, does everything:

1. Feat deploys your coin's vault, a contract that will receive its fees.
2. Your coin is created by the official Pons V2 factory, with the vault as its creator-fee recipient. Same bonding curve, same graduation, same locked liquidity as any Pons coin.
3. Your opening buy happens in the same transaction, at the first price on the curve. Pons exempts the launcher from its snipe tax, so nothing is lost. The airdrop share stays in the vault, the rest goes to your wallet.

The launcher simulates the transaction against the live contracts before your wallet opens, and shows the exact cost: the Pons launch fee (currently 0.0005 ETH) plus your opening buy.

Pairing

Pons-approved assets (stock tokens, ETFs, USDG and cbBTC) can be used as a coin's quote asset. If you pair with one of them, your coin's official Pons market is quoted directly in it, its fees arrive in it, and your holders earn it with no swap at all.

Every other asset (memes, Pons coins, $FEAT) works through ETH: your coin trades against ETH on Pons, and its vault buys the asset with the fees, on its Pons curve, its Uniswap v4 pool or its deepest Uniswap v3 pool.

There is always one market: the official Pons one. Feat never creates side pools that split your liquidity.

The airdrop

You choose what share of your opening buy is airdropped, from 0% to 100%. Feat takes a snapshot of the pairing asset's holders at the exact block of your launch (buying the asset afterwards does not earn a share) and splits the airdrop by the square root of each balance: the more you hold, the more you get, but small holders receive a real share instead of dust and the airdrop does not pile up in a few whales.

• Pools, vaults, bridges and other contracts among the largest holders are left out, and so are tiny balances (under $1).
• No single wallet receives more than 2% of an airdrop. Whatever a whale would have received above that is shared among everyone else.
• The snapshot is published within hours, at most three days after launch. Holders then have seven days to claim on the Claim page.
• Whatever is not claimed after seven days is burned. If no snapshot is published within three days, the whole airdrop is burned. A coin whose holders earn ETH itself has no airdrop: ETH has no holder list to snapshot.

Holder rewards

55% of everything a vault receives goes to the coin's holders, in the pairing asset. Rewards are counted in epochs. In each epoch, a holder's share is their time-weighted balance: how much they held, multiplied by how long they held it.

• 24-hour warm-up. Tokens only start counting once they have been held for a full day. Snipers who buy and sell within hours earn nothing; their share goes to holders.
• The coin's curve, its Uniswap pool, the vault and other contracts never earn.
• Rewards from every coin are combined: one claim pays everything you are owed, in every asset.

Rewards accumulate forever. You can claim whenever you want; there is no deadline.

Fees

Every trade on a Feat coin pays the standard Pons fee of 1% plus the creator tax chosen at launch (0.5% to 3%, 1% by default), on the curve and in the pool alike. Pons keeps 30% of its 1% fee. Everything else reaches the coin's vault:

Feat charges nothing else: no launch fee of its own and no fee on claims.

$FEAT

$FEAT is the hub of Feat, launched on Pons like any other coin.

• Every launch burns it. 20% of every vault's fees goes to the FeatHub contract, which buys $FEAT and sends it to the dead address. Fees in other assets are first sold for ETH.
• Coins can pair with it. Then their holders' share also buys $FEAT: 75% of their fees go into it.
• Its holders receive airdrops. Every coin paired with $FEAT airdrops to $FEAT holders.

Keeper & trust

Two things cannot happen on chain alone: computing a snapshot of thousands of holders, and choosing a fair moment to swap. A keeper does them, within strict limits:

• It harvests vaults (collects fees, swaps the holders' share into the pairing asset with a minimum output taken from a fresh quote) and burns $FEAT through the hub.
• It publishes the airdrop snapshots and the reward trees. The full trees are published as files, so anyone can recompute them from public chain data and check the roots.
• A vault only ever pays holders, the creator and the hub; there is no admin withdrawal. Who gets what among the holders comes from the keeper's lists, so the keeper is a trusted role: that is why every list is published in full, for anyone to recompute from chain data and check against the root on chain. The rewards contract can never pay out more of a token than vaults funded in it.
• If the keeper stops for a week, anyone can collect a vault's fees and pay the creator and the hub. Swaps always wait for a keeper, so nobody can sandwich the holders' share, and the owner can appoint a new keeper.
• Swap routes for assets outside Pons are public. A route can only go through ETH and USDG, and once an asset has had a route, any change to it waits 48 hours on chain before anyone can apply it, so a vault's swaps can never be re-routed quietly. If a swap fails (slippage, a pool down), the harvest still pays the creator and the hub, and the holders' share waits for the next one.

Pons

Feat does not replace Pons: every Feat coin is a Pons coin, created by the official Pons V2 factory and listed on Pons like any other. Pons handles the bonding curve, graduation at the threshold, the Uniswap v4 pool and the permanently locked liquidity.

Pons V2 factory 0x7eD598BcEf8bd9Edd8C97A195C6d13f40801EC7e

Contracts

Four contracts, verified on Blockscout:

The contracts were tested against a fork of Robinhood Chain mainnet, with the real Pons V2 factory, curves, fee escrow, Uniswap pools and stock tokens.

Risks

• Memecoins are extremely volatile and most go to zero. Earning an asset does not protect the value of the coin itself.
• Rewards depend on trading volume. No volume, no rewards.
• Smart contracts can have bugs. Feat's contracts are tested but not audited.
• Feat depends on Pons, Uniswap and Robinhood Chain working as they do today.
• Stock tokens track a share price; they are not shares and carry no shareholder rights. Pairing with an asset does not mean its issuer endorses your coin.
• Feat is independent and not affiliated with Robinhood Markets, Pons or any issuer. Nothing here is financial advice.