Launch on Pons
A coin is created through the Pons launchpad, on Pons’s terms.
Pons is the launchpad on Robinhood Chain that Abra builds on. It is non-custodial — your wallet submits the transaction — and every launch is a fixed supply of 1,000,000,000 tokens. In Pons v2 the coin trades on an ETH bonding curve: the whole supply is minted to the curve, the price rises with buys and falls with sells, and a 1% fee is charged on every trade.
When the curve reaches 4.2 ETH it graduates: the reserves move into a full-range Uniswap v4 position that stays locked. Trading continues there and the fee keeps flowing — now charged by the Pons hook instead of the curve. The creator’s share of that fee accrues in ETH, and it is the raw material for everything that follows.
At launch, one setting decides whether a coin is an Abra pair or an ordinary meme coin: where its creator fees go. For a pair, the fee recipient is set so the keeper can claim them and route them into the companion stablecoin’s vault.
Create its stablecoin
The coin gets a companion stablecoin with a vault of its own.
The companion gets its own name, ticker and artwork, and one decision that cannot be undone: the backing asset, chosen from the protocol-approved list. USDG — the Paxos-issued Global Dollar — is the default. GLD and the Robinhood Stock Tokens are the alternatives, 26 assets in total.
Three contracts will be deployed for each pair: the stablecoin (an ERC-20 with 6 decimals that only its vault can mint), the vault that holds the backing asset, and the gateway that converts ETH into it. The chosen asset becomes the pair’s permanent reserve — it cannot be swapped for another later.
A USDG-backed stablecoin targets one US dollar, because USDG is a dollar stablecoin issued and redeemed by Paxos. One backed by another approved asset tracks that asset instead and is not a dollar: a TSLA-backed companion moves with the token it holds. Abra’s own pair will be $ABRA and $, “the stablecoin”, backed by USDG.
Fees build the reserve
Creator fees are converted into the backing asset, deposited, and matched with newly minted stablecoins.
Every trade on the coin pays the Pons fee, and the creator’s share of it accrues in ETH. Those fees are first swept into the Pons fee escrow — from the curve before graduation, from the pool hook after it — and only then can they be claimed.
Abra’s keeper will run every 10 minutes: claim whatever the escrow holds for the pair, convert the ETH into USDG on the Uniswap v3 WETH/USDG pool (0.01% fee), deposit the USDG into the vault, and let the vault mint the same number of units of the stablecoin. Claim, convert, deposit, mint — ordinary public transactions, readable on the explorer.
Because the vault mints only against deposits, reserve and supply move together: every unit in circulation exists because a unit of the backing asset was deposited for it. Anyone minting directly through the gateway adds to the reserve exactly the same way.
From Pons fees to
Two ways into
Both mint straight against the vault, and both open at launch — there is no vault to deposit into yet.
ETH route
One transaction- Enter an ETH amount. The ETH leg is priced against the live Uniswap v3 quoter, and the minimum output is set 1% below that quote, with a five-minute deadline.
- Confirm one payable call to the gateway, carrying your ETH.
- Receive . The gateway swaps ETH into USDG, deposits it into the vault and the stablecoin is minted to your address. If the price moves more than 1% or the deadline passes, the transaction reverts and you keep your ETH.
USDG route
Approve + deposit- Enter a USDG amount. One USDG becomes one ; there is no price, so there is nothing to quote.
- Approve the vault to spend exactly that amount. Skipped if your allowance already covers it.
- Confirm the deposit. The vault pulls your USDG and mints the same number of units of to your address.
Both routes will need a wallet on Robinhood Chain (chain id 4663). The full mechanics are in the docs.
Two tokens, two different kinds of backing
A pair is one volatile coin and one stablecoin, and they are not backed by the same thing. Both will be checkable on the explorer.
| Token | Backed by | Backing comes from | Where to check |
|---|---|---|---|
| $the stablecoin · companion stablecoin | USDG in the vault, 1:1Issued and redeemed by Paxos, not by Abra | Keeper fee cycles and direct mintsEvery deposit mints the same amount | |
| $ABRAlauncher token · Pons v2 | Nothing — it is a volatile coinAfter graduation its liquidity sits in a locked Uniswap v4 position | The Pons marketGraduation at 4.2 ETH | |
| USDGthe reserve asset | Dollar reserves held by the issuerPaxos publishes its own reserve reporting | PaxosNot issued, held or redeemed by Abra | USDG on Robinhood Chain — live today |
vault reserve ÷ stablecoin supply
Two public numbers, once the contracts exist. Until then there is no reserve and no supply to divide — this site prints neither.
What is live right now
Three steps from a Pons launch to a stablecoin that only exists against its reserve
$ABRA has not launched. When it does, the addresses appear here and on every page of this site.