Pons · Robinhood Chain · Substrate 4663

SPORE

A token that grows on other people's liquidity.

Every buy and every sell of SPORE pays a creator fee into a treasury that cannot be emptied. The treasury sends liquidity into pools across the chain, draws their trading fees back in, and spends everything it earns buying SPORE. A closed loop with a receipt for every step.

Status
PRE-LAUNCH
Contracts unwritten. Nothing deployed.
Creator fee
5.00%
Half the Pons v2 ceiling (maxCreatorTaxBps 1000). Set once at launch, immutable.
Treasury
0.0000 ETH
Grows only from SPORE's own trading.
Sporulated
0 SPORE
Spore print opens at first trade.

Colonisation map

Where the mycelium reaches

The treasury colonises pools that pay their liquidity providers, and routes everything they yield back into SPORE. Read from the chain at block 56,259,154.

Fruiting body · SPORE Colonised pool Hypha · liquidity position Harvested fee, travelling inward

Substrate survey

Which substrates bear fruit

  • USDG / PORT 4.0000% Global Dollar against a graduated memecoin, on a non-Pons hook
  • DJT / USDG 0.2057% Dynamic tier; observed charging 0.2396% at time of read
  • AMC / MEME dynamic Dynamic-fee pool (flag 0x800000), hook-managed
  • ETH / USDG 0.0100% Deep, boring, and the most reliable turnover on the chain
  • Any graduated Pons coin 0.0000% ETH/EarnPad, ETH/Oxa, ETH/Robot, ETH/PORT, ETH/WHATC — every one identical

Sterile substrate

Where nothing grows

The obvious version of this idea provides liquidity to the biggest graduated Pons coins and lives off their trading fees. That cannot work, and it is not a judgement call — Pons pools pay liquidity providers nothing at all.

Pons attaches a hook to every graduated pool. Its address encodes its permissions in the low 14 bits, and 0xe044 & 0x3FFF = 0x2044 sets AFTER_SWAP_RETURNS_DELTA — the hook takes the entire swap fee for itself after graduation. The pool's own fee tier is set to zero, so nothing is left to accrue to anyone providing liquidity.

poolKey.fee
0
Swap event fee field
0
feeGrowthGlobal0 / feeGrowthGlobal1
0 / 0
BEFORE_ADD_LIQUIDITY permission
not set — outsiders allowed in
Distinct outside LPs, all pools
none, ever

feeGrowthGlobal only ever counts upward, for the life of a pool. Reading zero means no liquidity provider has earned a single wei in any Pons pool since the day it opened. Every graduate also carries the same 2.9277×1022 of active liquidity — Pons's own position, and nobody has ever joined it. There was never a reason to.

Life cycle

Life cycle

Four stages, in order, because the money genuinely moves through them in this sequence. Each one is a Pons or Uniswap V4 primitive that already exists on chain.

  1. 01

    Inoculation — SPORE launches at 5%.

    Pons lets a launch nominate a creatorFeeRecipient and a tax of up to 1000 bps. SPORE sets 500 — half the ceiling, because a fee this size suppresses the very volume it feeds on. The curve pays that address on every buy and every sell, automatically, with no invoice and no counterparty. Both values are fixed at launch and can never be changed — including by us.

  2. 02

    The vault — fees land somewhere that cannot be emptied.

    The recipient is a contract with no withdraw function and no owner. The only code path that moves ETH out of it opens a liquidity position or buys SPORE. There is no transaction, signed by anyone, that sends the treasury's balance to a wallet.

  3. 03

    Colonisation — the mycelium reaches into pools that pay.

    Capital goes into fee-charging Uniswap V4 pools, never a Pons-hooked one. Positions, ranges and harvests are all on chain and timestamped, so the book can be checked against the pool rather than against our word for it.

  4. 04

    Sporulation — everything earned buys SPORE.

    Harvested fees are swapped back to ETH and spent buying SPORE on its own curve. The buy is the price impact; the receipt is the point. Every purchase posts to a public spore print with its transaction hash.

Yield calculator

What the fee actually feeds

The creator fee is the one income stream here already proven to work — no counterparty, no impermanent loss. Size it before committing, because the rate is immutable once SPORE launches.

Creator fee rate

Into the treasury, daily

$12,500

4.9886 ETH

Thirty days

$375,000

149.6587 ETH

Spent buying SPORE, yearly

$4.56M

1,820.8484 ETH

Priced at ETH = $2,505.70, read from Robinhood Chain at block 56,259,154. A projection from a volume you choose, not a forecast and not a promise. SPORE runs at 5%. The 10% ceiling is shown so you can see what it would raise, not because we use it — a fee that heavy is punishing to trade against and suppresses the volume it taxes.

Lab notes

Read from the chain, not from a deck

Pons v2 factory
0x7eD598BcEf8bd9Edd8C97A195C6d13f40801EC7e
Pons meme hook
0xe5e702641ea86f4ae6cc3cdaed2b886f976be044 — flags 0x2044
V4 PoolManager
0x8366a39CC670B4001A1121B8F6A443A643e40951 — canonical deployment
V4 StateView
0xF3334192D15450CdD385c8B70e03f9A6bD9E673b
Curve economics
1% curve fee · 1.68 ETH phantom quote · 4.2 ETH graduation
Snipe tax
9900 bps, decaying over 3 seconds
V4 swap traffic
~540 swaps per 100 blocks — 12,693 swaps across 1,220 pools in a 2,400-block sample
Pons state
991 coins on the curve · ~10,120 graduated
Common quote assets
USDG · cbBTC · NVDA · AMD · NFLX · QQQ · SPCX · UPS · INDA — Pons coins are mostly priced in tokenized equities, not ETH