RAW

Mechanism

$RAW is a token whose trading fees buy real assets. Every trade in its pool pays a fee, and 5 bps of it goes to a treasury that buys tokenised equities. That equity sits behind every token in existence, and staking is how you claim a share of what it earns.

The protocol's number

—

Backing per token · treasury value ÷ circulating supply

It only rises. The treasury never sells to rebalance, and every burn removes tokens from the divisor. Empty until the first fee batch settles.

Your number

—

Your claim · staked weight ÷ total staked weight

Stake and you hold a slice of the equity the treasury owns, a share of what it earns, and after handover a vote on what it buys next.

In short

A trade pays a fee
5 bps of every swap in the $RAW pool goes to the treasury.
The treasury buys equities
Tokenised SPY, QQQ and large caps. Never sold to rebalance.
Holders and stakers get the upside
Backing per token rises. Stakers share what the equities earn.

Why it matters: the value behind each token only moves one way, you can check it on-chain, and nothing here is promised beyond what the treasury actually earns.

The idea in full

What this is

$RAW trades on pools.trade on Robinhood Chain. Its pool pays the creator 5 bps of every trade, five hundredths of a percent, and that is the protocol's only income. It arrives as stablecoin and buys tokenised equities: broad index exposure plus a few large caps.

Those equities stay bought. Nothing is sold to rebalance, so the pile behind each token grows with volume and never shrinks with it. Once a venue exists, that inventory is posted as maker liquidity on an on-chain order book and earns execution fees on top.

Stakers take a share of those earnings, paid in esRAW, an escrowed claim that cannot be sold or sent. After the multisig hands over, staked weight is also a vote on what the treasury buys.

What sits behind the token

Backing

Four values, one formula each. Every one is read from the chain, so none of them are here yet. Hover a row for what it means.

Backing

Awaiting first fee batch

Treasury value: —
Circulating supply: —
Backing per token: —

Source · Robinhood Chain, treasury contract and token contract. These read straight from the chain, so they stay empty until the pool is live.

How a trade becomes backing

The loop

Fee in · assets up · yield out

Hover a node to read that step.

Fee capture

5 bps creator fee

Every trade in the $RAW pool pays 0.25%. Most of it compounds back into liquidity; 5 bps, five hundredths of a percent, is the creator fee, and it goes to the treasury as stablecoin.

What the fees buy

Treasury

Every fee batch buys whatever position is furthest below target. The treasury only ever adds, nothing is sold to rebalance.

Target mandate

Pending deployment

SPY
S&P 500 index
Broad market exposure. Ticker and address publish at deployment.
QQQ
Nasdaq 100 index
Broad market exposure. Ticker and address publish at deployment.
NVDA
NVIDIA
Large-cap single name. Ticker and address publish at deployment.
AAPL
Apple
Large-cap single name. Ticker and address publish at deployment.
TSLA
Tesla
Large-cap single name. Ticker and address publish at deployment.
AMD
Advanced Micro Devices
Large-cap single name. Ticker and address publish at deployment.

Weights, token addresses and block-explorer links appear here once the treasury config is live. Until then, nothing is estimated or assumed.

Holdings, fee claims and batch history

No data yet

These numbers come straight from the chain, so they stay empty until the pool is live and the first fee batch settles. Nothing here is estimated.

Source · Robinhood Chain · creator-fee wallet + pool contract

Your position in the treasury

Staking

A claim on the equities, a share of what they earn, a vote on what comes next. Move the sliders.

Where yield comes from: Fees on index inventory
What backs it: SPY / QQQ exposure
Behaviour: Slow, low volatility

Your share of the treasury

0.104%

staked weight ÷ total staked weight

Time weight

1.25×

up to 1.50× at twelve months staked

Position: 250,000 $RAW

Time staked: 6 mo

Your reward depends on what the treasury actually earns. The only thing set here is your share: the longer and more you stake, the larger the slice of fees and market-making revenue that flows to you as esRAW.

The condition attached

Vesting gate

Drag through the stream. Leaving early burns whatever hasn't vested yet.

esRAW can't be transferred or sold. It only becomes liquid $RAW by vesting. To vest, you keep ten times the amount you're vesting staked for the whole stream: one month linear, or one week if you accelerate it.

Withdraw that collateral early and the stream stops. Whatever hasn't vested is burned; your collateral and everything already vested come back to you. The burn is not a punishment for its own sake: it removes supply, which lifts the backing behind everyone who stayed.

Day 7 / 7

Collateral locked: 100,000 $RAW · 10:1

Stream: 10,000 esRAW

Exit at

Vested $RAW: 10,000
Burned on exit: 0
Collateral returned: 100,000

Where it stands, and what moves it

Progress

Six stages, no dates. Each one flips when an on-chain event happens, not when a calendar says so. Volume funds the early stages; staked capital holds the later ones together.

Protocol position

Now at S0 · no dates, only events

Token deployed, liquidity locked

Pool live

The $RAW pool exists on pools.trade with locked liquidity and the creator fee pointed at the treasury wallet. Nothing can be minted after this point.

Every parameter in one place

Specification

Supply and burn

Source · token contract

Genesis supply: 1,000,000,000
Burned: —
Circulating: —

Burning is the second half of backing. The treasury only adds assets and the supply only shrinks, so the number of tokens sharing that treasury falls over time.

Chain	Robinhood Chain (EVM)
Launchpad	pools.trade
Pool	Uniswap v4 · locked liquidity
Ticker	$RAW
Pool fee	0.25% (25 bps)
Creator fee	5 bps → treasury
Reward token	esRAW (non-transferable)
Vesting gate	10:1 reserved capital
Ownership	3-of-5 multisig → DAO

What can go wrong

Disclosure

Backing is not a redemption right. It measures what the treasury holds per token; it does not entitle you to withdraw those assets. Target weights are targets, not guarantees. What gets distributed depends entirely on what the treasury earns, and that can be zero for a period. Equities carry market risk, so backing measured in dollars can fall even though the treasury never sells.

The contracts aren't deployed yet, so every parameter on this page can change until it's audited and published at a verified address. The price of $RAW can go to zero and stay there. None of this is investment advice: read the contract yourself before you send anything to it.