How Gerbi works

Gerbi launches coins on Pons V2 and adds nothing to the trading side: no separate curve, no token standard, no custom AMM. What it adds is where the creator's fees point, and a basket of Robinhood Chain Stock Tokens declared in the same transaction as the launch.

A launch is one transaction against the Pons factory at 0x7eD598Bc…01EC7e. It deploys an ERC-20 and a bonding curve, mints the whole supply to the curve, and trading starts at once. Every figure on this page is read from that factory as the page renders.

Launching

Pons offers one launch configuration today. These are its live parameters.

Launch fee

0.0005 ETH

Paid to Pons, on top of gas.

Total supply

1,000,000,000 tokens

Minted to the curve at launch.

Base trade fee

1.00%

Charged on the quote leg of every buy and every sell.

Creator tax ceiling

10.00%

Set per launch, fixed for the life of the coin.

Virtual quote reserve

1.68 ETH

Never held, never withdrawable. Sets the opening price.

Graduation threshold

4.2 ETH

Real quote the curve must take in before it graduates.

Basket legs

2 to 8

Each between 2% and 75%, totalling exactly 100%.

The first 3 seconds

Every launch carries an anti-snipe tax that decays by fourteen successive halvings across a 3 second window, read live from the factory.

Charged against chain time, not your clock, so a quote made inside the window can be a second stale.

The bonding curve

The curve is a constant-product curve against a virtual quote reserve. It is not upgradeable and not a proxy.

quoteReserve = phantomQuote + realQuoteReserve
k            = quoteReserve x tokenReserve
price        = quoteReserve / tokenReserve
progress     = realQuoteReserve / graduationThreshold

• Fees come off the quote leg, in both directions. They are subtracted before the swap, so k is preserved exactly, up to integer rounding.
• There is no on-chain quote function. Every price shown before a trade is computed from the curve's reserves with the contract's exact arithmetic, fees and tax included.
• Progress in quote is not progress in tokens. Both reach 0% and 100% together, and diverge in between because the curve is a hyperbola. Gerbi shows the quote figure, the one the protocol graduates on.

Graduation

The curve never sells its whole supply. It reserves 28.5714% of supply, computed as supply times phantomQuote over phantomQuote plus threshold, so 71.4286% is all it can ever sell. That sells out the instant the raised amount reaches the threshold, and the factory then splits the reserved allocation permanently.

The pool is a Uniswap V4 position behind the Pons hook. Neither the creator nor Gerbi owns it, there is no unlock date, and the pool's static LP fee is zero because the hook is the graduated pool's fee policy.

Fees

Base trade fee

1.00%

Split between Pons and the creator-fee recipient.

Creator tax

0 to 10.00%

To the creator-fee recipient, in full.

Anti-snipe tax

99% to 0

Decays to zero over 3 seconds and stays in the curve.

Launch fee

0.0005 ETH plus gas

Paid to Pons at launch.

Gerbi fee

None

This interface takes nothing on top.

Fees are never pushed to the recipient. They accrue as a claimable balance in the Pons fee escrow at 0xd3AFEB2a…16Ac9e, which is what a harvest turns into the basket.

The basket

A Gerbi launch commits to its basket in the token's own description field, which the Pons token writes at creation and can never change. The line is machine readable and human readable at the same time:

Basket: NVDA 30% · TSM 22% · AMD 20% · MU 15% · MRVL 13%

• Between 2 and 8 legs. Each weight sits between 2% and 75%, and the weights total exactly 100%.
• Fixed at launch. The description is immutable, so the composition a buyer reads is the composition the coin launched with.
• Priced from the chain's own pools. Gerbi values each leg from the deepest Uniswap pool that leg trades in, never from a third-party quote.

The creator names the fee recipient at launch, and every trade books the creator's share to it in the Pons escrow. That balance is what buys the basket.

Risks

• Most launches go to zero. Coins launch constantly on this chain and the overwhelming majority never graduate. You can lose everything.
• The first 3 seconds are taxed heavily. Buying into a launch that is seconds old can cost most of the input.
• A creator tax of up to 10.00% applies to both legs, on top of the 1.00% base fee. Check the coin's own figures before a round trip.
• Tokenized stocks are not stocks. They carry issuer, custody and transfer-restriction risk on top of ordinary market risk.
• Smart-contract risk applies to Pons V2, to Uniswap V4 and its hook, and to the Stock Token contracts.

FAQ

Is the coin quoted in the basket?

No. A curve is quoted in one asset, native ETH or an approved ERC-20. The basket is what the creator's fees are meant for, separate from trading the coin.

Does Gerbi hold anything of mine?

No. You sign every transaction with your own wallet, and trades go straight to the coin's own curve contract.

Is the total supply always 1 billion?

Yes for the only launch configuration Pons offers today. One billion tokens mint to the curve at creation.

Can the creator pull the liquidity after graduation?

No. The position is created by the factory and locked through the Pons hook and locker. There is no unlock date.

Where do coin logos come from?

A coin's mark is the creator's own on-chain logo field, served through an IPFS gateway when it is an ipfs:// URI. A Stock Token's mark comes from Robinhood's address-keyed CDN.