Peg launchpad · Robinhood Chain Testnet
Turn anything
into a stablecoin.
A creator, a meme, a community, a moment. Peg it to a dollar of collateral and a token comes out at a dollar. Trade it wherever you like, or redeem it for the collateral whenever you want, out of a reserve held by the token's own contract that you can check on chain.
A live market
One token, one dollar, one reserve
Par, less the redeem fee, from the token's own reserve.
held by the token itself
The collateral
on Robinhood Chain Testnet
One dollar in, one token out, held by that token's own contract
Mint rate
The token holds the dollars that minted it. The invariant is asserted after every mint, every redemption and every fee claim, and if it would break, the call reverts.
The redeem fee, plus the pool fee once on each side, because arbitrage pays it on whichever leg closes the gap
How it holds
Four steps, and none of them is a hope.
01 4 steps · scroll
Capital deployment · target
Where the dollar actually sits.
One token, one dollar of , held by the token's own contract.
No owner withdrawal, no arbitrary call, no share price to game.
The reserve is the only thing that pays a redeemer, which is why a market is one reserve and not a pool shared with anyone else.
- Held as redeemable reserve Every dollar that minted a token, sitting in that token's own contract, withdrawable by redeemers and by nobody else. - 100%
- Lent into a yield sleeve Off in V1. The reserve sits idle so a redemption can never queue behind a withdrawal from somewhere else. 0%
- Owed out as fees A redemption fee is booked as a liability the moment it is charged and is counted against backing until it is claimed, so it can never be mistaken for collateral. - 0%
Arbitrage · the only enforcement
What closes the gap.
Minting and redeeming are open to everyone at a fixed dollar, so the only room the price has is the fee. Above the ceiling, minting and selling is free money. Below the floor, buying and redeeming is. Nobody promises the price; the trade does.
- Minting one token Free. Nobody is taxed for showing up, which is what makes the ceiling enforceable by anyone at any size.
- Redeeming one token The only revenue the protocol has, and the only reason the floor is not exactly a dollar.
- The pool's own swap fee Paid on the leg that closes the gap, so it widens the band on both sides rather than one.
Markets · live
Every market the factory has recorded.
Read from the factory on every load. Price tells you nothing here, because every token is worth a dollar, so what is ranked is how many dollars people put behind a subject.
| Market | Supply | Reserve | Owed in fees | Backing |
|---|
Figures are the token's own totalSupply, the
collateral balance of its contract, and its accrued fee ledger. Nothing here
is cached and nothing here is an example.
Questions
The short answers.
No jargon in the first line of any answer. The limits are in the answers rather than under them.