Questions worth asking first
If something here is unclear, the docs go further and the code will go further still.
Is the coin the same thing as the vault?
The coin is the claim on the vault. Holding it entitles you to your share of what the vault holds, and burning it is how you take that share. The two addresses are bound at launch and neither can be repointed afterwards.
Can the price fall below the backing?
Yes. The market prices the coin, not the vault. Redemption gives anyone the option to take the backing instead of the price, which usually closes the gap on its own.
What stops a creator from taking the deposit back?
There is no function that would let them. The backing moves into the vault in the creation transaction and the only path out is redemption, which is open to every holder on the same terms.
What does Ona take?
Nothing. This factory was deployed with the launch fee set to zero and no fee recipient, so a launch costs gas and nothing else. The backing and everything it earns belong to the vault.
Do I have to redeem to get the yield?
Eventually, yes. Yield is not distributed, it raises the backing per token. You realise it either by selling into a price that reflects it or by redeeming against the vault.
Who chooses the yield venues?
Yield launches draw from a short approved list rather than an arbitrary address. Pool, stock and basket launches hold their backing directly, so no list is involved.
What happens if everybody redeems?
The vault empties and the supply burns down to nothing. That is a clean ending: nobody is left holding a token whose backing walked out with somebody else.
Why Robinhood Chain?
It is permissionless and EVM compatible, and the equities on it are ordinary ERC-20s meant to be composed. A vault holds NVDA the same way it holds anything else, with no oracle, custodian or wrapper in the middle.
Which wallets work?
Any EVM wallet that can add a custom chain. MetaMask and Phantom are both detected automatically through EIP-6963, and the site will offer to add Robinhood Chain if your wallet does not have it yet.
Is any of this live?
The factory is deployed on Robinhood Chain at 0xd495a9574534A48852CBF7358F420AD018EA3c67. Stock, basket and yield launches work. Pool launches do not yet, and nothing has been audited.