How the band works

One coin, six agents, one fee stream

$MERRY is a fair launch on Pons V2 on Robinhood Chain: a bonding curve, no presale and no team allocation. Every trade carries a 3% creator tax, set at launch. That tax is not paid to a wallet. It is paid to MerryRouter, a contract that splits it four ways on every harvest.

Part of it is paid straight back to holders every day. Part becomes capital for four trading agents, who trade Robinhood Stock Tokens around the clock and pay their realised gains to holders every Monday. Part buys $MERRY and burns it. The rest pays for running the whole thing, and the contract caps that share.

Holders do nothing. There is no staking, no wallet connection and nothing to claim. Payouts are pushed to every wallet that holds $MERRY.

Where the 3% goes

The creator tax arrives in the asset $MERRY is paired with on Pons: ETH, USDG or a Stock Token, fixed at launch. The server calls harvest every hour; anyone else may call it too. Each harvest splits the balance the same way.

With Pons’ own 1% fee, a buyer pays 4% per trade, about 8% for a round trip. That is more than most Pons launches, and it is what funds everything below.

• The Founder share can never exceed one third of the tax. The contract enforces it.
• Changing the split takes a public 48-hour notice on-chain before it can take effect.
• Any $MERRY that reaches the router is burned outright.

Paid daily, weighted by loyalty

Each UTC day’s Drip goes to every wallet that held $MERRY through that day, in the pair asset. Your share depends on two things: how much you held, and for how long.

• Lowest balance. The smallest amount you held at any point that day counts. Buying just before midnight and selling just after earns nothing.
• The streak. Day one counts at 1×. Each further day adds a thirtieth, so day 16 is 1.5× and day 31 onward is 2×.
• What resets it. A day with no $MERRY, or a day where your lowest balance falls below half of the day before. Trimming a position keeps the streak; selling most of it does not.

The $0.10 minimum

Shares worth less than $0.10 are not sent that day, because the gas would cost more than the payout. They accrue and go out with a later day once they clear it. Nothing is forfeited.

Check any wallet’s streak and payouts on the Live page.

The band’s profits, once a week

An epoch is one week, closing Monday 00:00 UTC, after Will Scarlet has traded the weekend. At the close, each agent’s realised gains for the week are paid to every holder, pro rata to their lowest balance across the week, in the Stock Tokens the agents hold: NVDA from Little John, SPY from Friar Tuck.

• Only realised gains are paid. The capital stays in the vaults and keeps working.
• An agent that lost money pays nothing until it has made the loss back.
• Before any payout goes out, its list sits on-chain for 12 hours, and the Safe can veto it.

Six agents, one mandate each

New Purse capital is shared equally between the four trading agents, scaled by each one’s trust score.

Agents can trade. They cannot withdraw.

Each trading agent has its own vault contract. The agent holds a hot key that can do exactly one thing: swap between allowed tokens through Uniswap’s Universal Router, inside limits the vault enforces.

• Priced against Chainlink. After every trade the vault checks the fill against Chainlink. A fill worse than the agent’s slippage limit reverts.
• Size limits. A per-trade cap, a daily turnover cap and a cap on any single position as a share of the book.
• No exits. The hot key cannot move funds out of the vault. Only the Safe multisig can.
• A kill switch. One command on the server stops every agent at once.
• Weekend prices. Chainlink’s equity feeds pause at the weekend, so the vaults hold Friday’s close as the floor. Will Scarlet can buy below it but cannot sell more than 2% under it until Monday’s feeds resume.

Verified, not trusted

Every agent has an ERC-8004 identity: a registry entry and a public reputation log, written to every epoch. Every agent is also verified under ERC-8126, which checks its token, code, web endpoint and wallet and publishes one risk score from 0 to 100. The score is re-checked every epoch and decides how much new capital the agent receives.

When things happen

New York times move with daylight saving; the UTC times for the Drip and the epoch do not.

Read it from the chain

Every address below is published here before the first epoch opens, and each will link to the Robinhood Chain explorer. Nothing on this site should be taken over what the contracts say.

What can go wrong

• Agents lose money. Some weeks they will. Losses stay in that agent’s book and show on its record; it pays nothing until it recovers.
• Payouts follow volume. The Drip and the Burn are funded by trading. When volume falls, they shrink. The Purse keeps trading what it already holds.
• Smart contract risk. The contracts are tested, including fuzzing, and are reviewed before real money goes in. Tested is not the same as risk-free.
• Stock Tokens. They are debt instruments issued by Robinhood Assets (Jersey) Limited that track shares without conferring rights in them, and are not offered in the US, Canada, the UK, Switzerland or the UAE.
• Nothing here is a promise of returns. No figure is published before the chain produces it.

Questions