Communitymaxxing

Pons has quickly become the platform of choice for Robinhood Chain traders. We are grateful for the response from our community so far, and intend to continue building great products.

We've faced multiple attacks since deploying the Pons protocol, and have since stabilized the platform with the help of our infrastructure partners. Despite setbacks, our community remains committed, not just to us, but to the growth of the chain itself.

Robinhood Chain has grown quickly over the past two weeks and has signaled its intention to compete alongside other major chains like Base and Solana.

Over the last week, we have listened closely to feedback from our users. All of it shaped what comes next.

This is Pons V2.

1. Liquidity + Protection

The number one complaint we heard: liquidity and trading restrictions. . Pons V2 now introduces a proper bonding curve denominated in ETH. Developer wallets are limited through global configuration, adjustable as the protocol matures. Everyone else can trade freely without any trading restrictions, which resolves issues that third-party trading apps encountered with failed buys and sells. Trading on Pons will always be fluid and efficient.

2. RWAs on Robinhood

With memestocks becoming part of the broader narrative on Robinhood, Pons will support custom pairs for all V2 tokens. Deployers will have the flexibility to deploy against any pair they choose, for example USDG, NVDA, AAPL, or HOOD. Our integration partners will be able to build on top of this functionality.

3. 'Dev is dumping on me': A New Fee Structure

We have redesigned the fee structure using our new UniV4 pools and hooks. Creators will now be able to collect fees in ETH by default, while receiving a similar overall amount as under the V1 contracts. The same rule applies to us as the protocol. If a deployer wants exposure to their own coin, they buy it on the open market like everyone else.

4. Graduation

V2 tokens no longer deploy straight into UniV3 pools. They start on the bonding curve, and at 4.2 ETH, the same threshold as before, graduation triggers automatically, in two phases:

a) graduate(): the bookkeeping step. It sweeps the remaining ETH and token reserves out of the bonding curve,halts further trading on it, and stages everything for the pool.

b) createGraduatedPool(): the pricing step. If the token is paired against something other than ETH, the swept ETH is first swapped for that pair token on the open market. A full-range Uniswap V4 position is then seeded at the correct starting price, and the resulting position is permanently locked, so that liquidity can never be pulled.

5. Implementing UniV4 Hooks

This is a significant upgrade for Pons, allowing creator payouts to be made entirely in ETH, using the 1% fee applied across all pairs, while converting memecoin pairs back into the quote currency within the pool. This conversion happens against the pool's own liquidity and is batched, rather than being processed on every swap.

As a result, neither creators nor the protocol ever receive memecoin-denominated dust upon collection. This is what allows creators to be paid in ETH rather than receiving tokens they might otherwise be tempted to sell on the open market.

6. CTO (Most Requested, Previously Announced, but Paused)

On the current V1 contracts, an oversight on my part prevented the protocol owner from changing the fee recipient. This will change with V2, which will allow CTOs to be announced with a 3-day timelock at our discretion. This timelock gives the community advance notice, which was the reason for implementing it in the first place, and allows time to respond in the event of a malicious attempt to take over a coin.

7. Payouts in Stablecoins

As noted above, creators can now collect fees in ETH only. However, at the time of deployment, there will also be an option to receive payouts in a token of their choice, including any RWA or USDG. This gives creators the ability to secure a stable payout without depending on market conditions, or to gain exposure to other assets through their fees.

8. Reflection Tokens Are Coming to Pons

Based on requests from our users, we will implement an optional tax on each buy and sell transaction. This tax is designed to allow integration partners to collectively use it for yield generation or other forms of value for holders.

Everything outlined here is subject to change, and this represents an overview of the update planned for next week. The contracts have not yet been deployed and are currently undergoing audits with two partners.

The domain where these tokens will first be used is ponsfamily.com.

I want to thank everyone for the feedback, support, and criticism shared over the past few days. The team is grateful for the level of support we have received, and we are committed to continuing to improve the experience. Another update will follow shortly.

All the best,

Ozzy & Team