Nine tokens, three cards.
Twenty-seven pairs on day one.
A token either has a Chainlink feed or it does not. That decides who quotes its pair, how deep it is, and when it is open. The hour on the other side is on whichever card you pick.
| Pair | Priced by | Other side | Open | Hours per token |
|---|
Reading the eight stock feeds on Robinhood Chain.
One side is any token.
The other side is an hour on a card.
A pair needs a price, someone on the other side, and a way to settle. The token side gets those in one of two ways. The hour side gets them from the reserve that runs the cards.
The token
- With a feed
- NVDA, AAPL, TSLA, MSFT, GOOGL, AMZN, META and SPY have a Chainlink feed on Robinhood Chain. Their price in hours is the feed price divided by the card's USDG rate. The reserve quotes it, takes the token, and holds it.
- Without a feed
- Any other ERC-20, Pons launches first. Launch the token on Pons, then anyone can open its pair on any card by seeding a pool with the token and some of that card's hours. The pool's ratio is the price, and a swap moves it.
- Both ways
- Every pair trades in both directions. Hours go back into a pair and come out as the token.
- Open
- Feed pairs keep market hours, 9:30 to 16:00 ET, and close when the feed goes stale. Pools never close.
- Fee
- 0.3% of the hour side of every swap. A feed pair pays it to the reserve. A pool pays it to whoever seeded it.
- Slippage
- None on a feed pair, up to the reserve's depth. A pool gives what constant product gives.
The hour
- What it is
- One hour of one RTX card, each card its own ERC-20: 5090h, 4090h, 3090h. Eighteen decimals, so a tenth of an hour is a tenth of an hour.
- Minted
- By the reserve only, against rig capacity it has measured, card by card. Never against a token, a feed, or a promise.
- Redeemed
- Burn any amount and a key with that many hours on that card appears on the gateway. The key does not expire. Time is drawn as the key runs, by the minute.
- Rate
- The reserve posts a USDG rate per card. Today 0.89 on the 5090, 0.59 on the 4090, 0.29 on the 3090. Every feed pair is priced through its card's number.
- Depth
- 2,400 h on the 5090, 8,000 h on the 4090 and 6,000 h on the 3090 unsold today. That is the most a feed pair on that card can take in one swap. A pool takes what it holds.
- What it is not
- A claim on one particular card in the rack, or a share of the reserve. An hour on the 4090 is an hour on whichever 4090 is free.
Pick a token.
Read its pair.
Choose a stock, USDG, or paste any token address, and a card. Set an amount and a direction, and see what the rules above make of it. Feed prices are live. The rates, the depths, and the pool are made up.
into gives .
You get
Price
Cost
Where this breaks first.
The reserve, the pools, and the pairer are live on Robinhood Chain, with capacity on each card measured against the rigs' stock and price. Burned hours redeem through the gateway for a key that books the card. The feed prices on the board are live. The rates on this page are the reserve's posted rates; the depths in the builder are invented.
An hour is only as real as the rig
The reserve mints against capacity it says it has measured. If it mints more than it can serve, h turns into a queue ticket. The metering has to be public, and someone other than the reserve has to check it.
The reserve fills up with stock
Every swap into a feed pair leaves a stock token in the reserve. Rigs are paid in dollars, so the reserve has to sell that stock on a chain where every book is thin. That makes it a trading desk before it is a compute business.
Pools hold what one person put in
An open pair for a Pons launch is usually seeded by one wallet, on one card. Price impact is the only market signal it gives, and one large swap out of hours empties it.
The feed sleeps
A stock pair closes at 16:00 ET and stays closed over the weekend. Anyone holding stock who needs hours on a Saturday has to find a pool for it, and there may not be one.