Every coin here opens as a claim on a vault you funded. Deposit the backing, launch the ERC-20 around it, and the capital keeps working while the coin trades.
A launch does not start as a bag of supply looking for a story. It starts as capital in a vault. The coin is minted against that vault, and it stays redeemable against it for as long as the vault holds anything.
The chain of events
Every step is a transaction you can look up afterwards. None of it runs on a keeper, an admin key or a promise from us.
Send the backing in first
Pick the backing and send it in. Ten thousand USDG, a stock token position, a live LP position, whatever the launch type calls for. The deposit is the launch budget, and it is the reason the coin is worth anything on its first block.
One transaction creates both
The launchpad creates the vault, then mints one ERC-20 that represents it. Name, ticker, supply and the creator buy are all set in that transaction. From then on the coin address and the vault address are bound together and neither can be pointed somewhere else.
Yield lands in the vault
Whatever the backing pays keeps arriving after the launch. Pool fees, staking yield, the rate on an approved strategy. It lands in the vault rather than in a treasury wallet, so the amount behind every token goes up without anyone distributing anything.
Open market from block one
The coin is a plain ERC-20 and it trades from the first block. It can run well above what the vault holds and it can sit below it. Either way the difference between the price and the backing is a number you can read off the chain.
Burn tokens, take your share
Burn your tokens, take your share of the vault. Nobody can pause that and there is no waiting period, which is why a launch nobody talks about any more is still worth whatever it is holding.
The launch type decides what the vault holds and where the yield comes from. Everything downstream, the minting, the trading and the redemption, works the same way for all four.
The vault holds a Uniswap v4 position instead of a pile of idle capital. Every swap through that pool pays a fee, the fee accrues to the vault, and the amount behind each token climbs on trading volume that has nothing to do with your own coin. The position stays in the vault, so nobody can pull the liquidity out from under the launch.
Example vault
The coin that launches
One ERC-20 over that positionPick a tokenized equity and the stablecoin it trades against. The vault holds that position and the coin is the claim on it. Dividends and splits arrive on Robinhood Chain as a rise in the stock token's multiplier rather than as new units, so the vault picks them up without anyone claiming anything.
Example vault
The coin that launches
One ERC-20 over that holdingChoose the constituents and the weights, and the vault buys them at launch. The coin that comes out is an index anybody can trade in one transaction, and it is redeemable into the underlying rather than into a promise. Weights are written once. A basket that drifts is a basket that drifted, not one that was quietly rebalanced into something else.
Example vault
The coin that launches
One ERC-20 over the basketThe deposit goes into an approved yield strategy and stays there. Redemption value tracks the vault's share price, which moves in one direction as the strategy earns. Only a short list of venues is accepted, so the backing cannot end up somewhere nobody has looked at.
Example vault
The coin that launches
One ERC-20 over the strategyMost launchpads produce a coin and hope a use turns up for it later. Here the act of launching is what creates the financial product, because the vault has to exist and be funded before the token can be minted at all.
Elsewhere
Supply appears, a chart appears, and the only thing underneath it is whoever is still buying. When attention leaves there is nothing left to measure the coin against, because there was never anything there to measure.
Here
Capital goes in first. The coin is minted against it, the backing earns while the coin trades, and holders can always take their share back out at whatever the vault is worth on the day.
Robinhood Chain is permissionless and EVM compatible, and the stock tokens on it are ordinary ERC-20s meant to be composed into lending markets and structured products. A vault holding NVDA needs no oracle feed, no custodian and no wrapper. It holds the token, the same way it would hold anything else.
Launching writes a row anybody can read back off the chain. This is the shape of that row, and it is the whole agreement between a coin and the thing behind it.
Backing
What the vault holds, by token address and amount, at the moment of launch
Source
Where the yield comes from: a pool, a holding, a basket or an approved strategy
Token
The ERC-20 address the vault is bound to, fixed in the launch transaction
Supply
Total minted at launch, with no mint function left behind it
Redemption
Burn a share of supply, receive that share of the vault, at any time
Owner
None. There is no address that can move the backing or turn redemption off
Longer versions of all of these live in the docs, together with the parts that are still being built.
The coin is the claim on the vault. Holding it entitles you to your share of whatever the vault holds, and burning it is how you take that share. The two addresses are bound at launch and neither can be repointed afterwards.
Yes. The market prices the coin, not the vault. Redemption gives anyone the option to take the backing instead of the price, which usually closes the gap on its own.
Nothing. This factory was deployed with the launch fee set to zero and no fee recipient, so a launch costs gas and nothing else. The backing and everything it earns belong to the vault, and therefore to holders.
Yield launches draw from a short approved list rather than any address a creator types in. Pool, stock and basket launches hold their backing directly, so no list is involved.
The factory is deployed on Robinhood Chain at 0xd495a9574534A48852CBF7358F420AD018EA3c67. Stock, basket and yield launches work. Pool launches do not yet, because a v4 position is an NFT and this vault holds ERC-20 balances. Nothing has been audited.