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How it burns

A Firepad coin is an ordinary Pons coin on Robinhood Chain whose fee stream is pointed at a contract that keeps it. That contract is the Furnace. Everything below is what it does, and what it does not.

The idea

On Pons, every trade pays a fee, and a coin's share of those fees goes to whatever address is its creatorFeeRecipient. When the coin is paired against a Robinhood Stock Token, that stream arrives as the stock itself.

A Firepad coin points its stream at its own Furnace, and the Furnace does not spend it. The coin accumulates real stock that its own trading paid for. The Furnace has no owner, no admin and no sweep. Money in it can reach exactly three places: the launcher, the coin's own curve, and holders who burn.

Three rules

01

Stoke

Anyone can call stoke(). It pulls accrued fees from Pons into the Furnace and splits each inflow three ways, as the launcher set it: their cut is paid on the spot, the autoburn share buys the coin on its own curve and burns it, and the rest stays as fuel. After graduation the autoburn share stays as fuel too. The cold clock resets only when real value arrives. Poking an empty furnace moves nothing.

02

Fire

At the flashpoint, the underlying's earnings date fixed at launch, anyone can call fire(). A set share of the fuel buys the coin on its own curve and the tokens go to the dead address. Once only.

03

Cold

No fuel for 30 days and the Furnace can be opened by anyone. Holders then burn their tokens for a pro-rata share of the stock inside. No oracle, no operator, nobody's decision.

Launching

  1. Pick the fuel. One of the stocks Pons approves as a quote asset.
  2. Name it. Name, ticker, and optionally a logo URL, description and links.
  3. Set the split. Drag the fee bar: your cut of each inflow (capped by the factory), the autoburn, and what the Furnace keeps. Then the creator tax (0 to 10% on top of Pons's 1%), and optionally an earnings date with an earnings-day burn: the share of the Furnace's stock spent, once, buying the coin back and burning it on that date.
  4. Sign once. FireFactory.light() launches the Pons coin, deploys its Furnace, and hands the fee stream to it in the same transaction. If any step fails, nothing happens.

You pay Pons's launch fee (about 0.0005 ETH, read live before you sign) and the gas. Firepad takes nothing, at launch or after. Light a fire.

Where the money goes

Pons charges 1% on each curve trade. It keeps 30% of that; 70% goes to the coin's fee recipient, plus all of the creator tax. On a Firepad coin that recipient is the Furnace. Before graduation the fees sit in the curve until swept; after graduation they accrue in Pons's Uniswap v4 hook. Either way they are credited to Pons's fee escrow, and stoke() claims them.

Launch with buyback off. Firepad forces it: with buyback on, Pons would only let its own operator sweep, and the Furnace could not.

Limits and open questions

  • Graduated coins cannot fire. Past the bell the curve cannot be bought from, and the Furnace carries no v4 swap path. A coin that graduates before its flashpoint never fires. It still keeps stoking and can still go cold.
  • After graduation, fees depend on the sweep. Pons's operator sweeps pool fees into the escrow routinely, and the Furnace tries the sweep itself when it can. If a graduated pool stops trading, the coin goes cold and opens. That is the mechanic working.
  • The exact size of the stream is not pinned down. On a fork the stream credited to a Furnace did not match the published fee split. Treat any estimate of fuel per trade as approximate.
  • Pons can redirect a stream. The Pons owner can propose a new fee recipient for any coin after a 3-day notice. Firepad cannot stop that; the change is public on chain while it is pending.
  • Not audited. Unit tests and fork tests against the live Pons factory cover the money paths. There has been no independent review.

Risks

Memecoins. You can lose everything you put in. Robinhood Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited, giving economic exposure to a share, not ownership of one. A coin rising against its fuel is not the same as rising against the dollar. The contracts are unaudited.

See the contracts.