Robinhood Pair Pad documentation

Robinhood Pair Pad is a permissionless launchpad on Robinhood Chain. A launch creates a fixed-supply token and opens its markets in a single transaction. What makes a token here different from one anywhere else is the basket: it is paired against tokenised shares rather than against a bare quote asset, so what stands behind it is on chain and can be read by anyone.

This venue is non-custodial. Your own wallet signs and submits every transaction. Pair Pad Labs never holds funds and never controls your tokens.

Architecture

Launchpad

The entry point. Creates the token, its vault and its locked markets in one transaction.

Token contract

A fixed-supply ERC-20. 1B minted once, minter role renounced immediately.

Markets

One concentrated-liquidity market per basket leg, opened at launch and locked.

Vault

Holds fee accounting and applies the route chosen at launch.

A launch takes three decisions and one signature. You name the token, choose the shares behind it and their weights, and pick where the trading fee goes. All three are written into the contract, and none of them can be revisited afterwards.

Supply is 1B and is minted once. The authority to mint more is destroyed in the same transaction, so the number of tokens in existence on the day of launch is the number that will exist forever.

A basket holds between one and 5 legs. Each leg names a tokenised share and a weight, and the weights add up to exactly 100%. One market opens per leg, so a token backed by three shares trades against three markets at once.

Because fees are collected in the asset a market is quoted in, the basket also decides what holders are paid in. A token backed entirely by an index fund distributes that index; a token backed by a stablecoin distributes dollars.

Every trade pays 1%. Where that goes is the route chosen at launch, recorded on chain, and visible on every market page.

Creator fees

Every trade pays a fee and the creator's share lands in the creator's wallet. No distribution and no ceremony: the wallet that opened the market is the wallet that collects, and the ledger shows every claim.

Fee sharing

The fee is divided at a ratio fixed when the market opens. Part of it settles to the creator, the rest is paid across the book in proportion to balance. Neither side can be moved afterwards.

Buyback & burn

Fees accumulate and are spent on the token's own market, and everything bought is sent to an address nobody holds the key to. Supply removed this way is counted on the token page and never returns.

Holder distribution

Nothing is kept back for the creator. The fee is distributed to holders in proportion to balance, in the asset the market is quoted in, so a token backed by shares pays out in those shares.

A market climbs toward $50K. Reaching it migrates the market to permanent liquidity, and the position is locked rather than held by anyone. A migrated market is marked on the floor and cannot return to the curve.

• Supply, once minted, never changes.
• The fee route is set at launch and cannot be edited.
• Basket weights cannot be rebalanced.
• Migrated liquidity is locked and nobody holds the key.
• This venue never takes custody. Every transaction comes from your own wallet.