Pons
Every Snowman is an ERC-6551 wallet holding a growing position in a Pons v2 pair. Creator fees become liquidity. The liquidity belongs to the NFT. Sell the NFT, and the whole balance sheet goes with it.
Fees become liquidity
Pons v2 pays creator fees in the quote asset. The Snowball controller buys the token with part of it, keeps the rest, and adds both to the pool.
Liquidity belongs to the NFT
Instead of one protocol treasury, LP is allocated to 5,000 token-bound wallets, 1,000 per pair. Each Snowman is its own compounding market maker.
Snowballs merge
Combine two Snowmen. One survives with everything, one is burned. Supply only goes down while the survivors get bigger.
#13 was minted holding about $12. Its owner has merged 9 smaller globes into it and otherwise left it alone. Every fee the pair generated was routed into its wallet, converted, and deposited as liquidity. The artwork above is drawn from these numbers, and nothing else.
| Wallet contents | Value | Drawn as |
|---|---|---|
| JENSEN token | $33.51 | Smile, if in profit |
| NVDA stock token | $6.05 | Snow on the ground |
| LP position | $43.69 | How fat the belly is |
| Unclaimed fees | $0.65 | Falling snow |
| Merges | 9 | Snowballs stacked |
| Generation | 10 | Coal buttons |
| Assets under NFT | $83.89 | Size of the snowman |
On most launchpads, creator fees are sell pressure with a delay. Here they are routed into a controller that buys, pairs, and deposits. The pool deepens with every trade, and the depth is owned by the Snowmen.
Read the mechanism- ↓Pons v2Token trades against its quote asset
- ↓Creator feesPaid in the quote asset (USDG, NVDA, AAPL…)
- ↓Snowball controllerBuys the token with part, keeps the rest
- ↓Add liquidityBoth sides deposited into the pool
- ↓LP owned by NFTsPosition credited to Snowman wallets by gene
- ↓Trading feesThe deeper pool earns more per trade
- ↺CompoundBack into the controller. Repeat.
Pick two you own. The survivor's wallet receives every asset from the other, then the other is burned. Supply has gone from 5,000 to 4,217 so far.
Open the merge deskEach globe carries a gene that decides how the controller splits its fees. The gene is fixed at mint and inherited by the survivor of a merge.
Buys the token with most of every fee. Provides a little liquidity.
Almost everything goes to the pool. Earns the most trading fees.
Keeps half of every fee as the tokenized stock. Slow, steady, dividend-like.
Concentrated liquidity, compounds every block it can. Highest variance.
Pons v2 can launch against custom quote assets, and it pays creator fees in that asset. Pair a meme with the tokenized stock it is about, and the Snowman slowly fills with both.
| Pair | Snowman accumulates | Globes |
|---|---|---|
| JENSEN/NVDA | NVDA + $JENSEN + LP | 842 |
| APPLE/AAPL | AAPL + $APPLE + LP | 835 |
| TESLA/TSLA | TSLA + $TESLA + LP | 851 |
| HOOD/HOOD | HOOD + $HOOD + LP | 835 |
| PONS/USDG | USDG + $PONS + LP | 854 |
Each tile is painted live from that wallet's balances. Hover one to shake it. Each has its own hat, scarf, eyes, nose, arms and accessory.
Mint opens with each Pons v2 launch on Robinhood Chain. 1,000 globes per pair. Then never again.
Launch a pair