A meme community launchpad on tokenized stocks.

Supply

• One token, two chains

  1,000,000,000 DGV in total, minted once on Solana, with 500,000,000 of it on Robinhood Chain. Nothing can raise the total, and no protocol contract sells DGV.

  Each chain runs its own

  • Reservoir
  • Permanent liquidity
  • Comb
  • Flow multiplier
  • Locks and votes

  The council can

  • Move unspent emissions between the chains

• Permanent liquidity

  Permanent liquidity is one full-range DGV/ETH position, seeded with DGV and a quarter of the genesis sale's ETH, and nobody can remove its principal. The pool's fee rises with volatility from 0.30% to 1.50% and is paid in ETH.Permanent liquidity sits in a Raydium DGV/SOL pool, seeded with DGV and a quarter of the genesis sale's SOL.

• Opening the DGV pool

  The council opens each chain's DGV pool once. Before that, DGV has no market.

  1. 1BeforeDGV can't leave a Desk or be bought
  2. 2The council opens itonce
  3. 3Aftertrading, exits and emissions start

The Comb

• Where the cells sit

  Each cell bids a fixed step under the reference price. The reference price is the lowest of three prices, so it falls at once, and it rises at most 5% a day, so a pump can't drag the bids up.

  $$\underset{\text{cell k's bid}}{\underbrace{P_k}}=\underset{\text{reference price}}{\underbrace{R}}\times \underset{\text{5\% steps down}}{\underbrace{(1-0.05k)}},k=1\dots 5$$$$R=\min (\text{24-hour average},\text{7-day average},\text{spot})$$(7.1)

  Example, prices as an index

  Today

  24-hour average

  104

  7-day average

  100

  Spot

  110

  R, the lowest

  100

  The five cells

  Bids at

  95, 90, 85, 80, 75

  Tomorrow

  If spot jumps to 150

  R at most 105

  If spot drops to 90

  R is 90 at once

• How the Comb is funded

  Half of protocol revenue: three quarters refill the cells, and a quarter waits to pair the DGV they buy. The cells hold at most 25% of the ETHSOL in permanent liquidity, and while holders leave, new ETHSOL leans to the nearer cells.

  Cells 1 to 5, calm

  30%25%20%15%10%

  While holders leave

  45%30%15%6%4%

• What the Comb buys

  The flow regime splits the DGV the cells catch between permanent liquidity and the burn. The Comb never sells.

  Growth

  75% liquidity25% burned

  Cooling

  25%75% burned

Flow and emissions

• The flow multiplier

  $F$ is the net ETHSOL that trades put into the DGV pool over the last 7 complete days, and $b$ is 0.5% of the ETHSOL in permanent liquidity. It moves one step a day, and falls twice as fast as it rises.

  $$\underset{\text{tomorrow's multiplier}}{\underbrace{m_{d+1}}}=\{\begin{array}{ll}\min (1.25,m_d+0.025)& \text{if}F>b\text{Growth}\\ \max (0.25,m_d-0.05)& \text{if}F<-b\text{Cooling}\\ m_d& \text{otherwise}\end{array}$$(7.2)

  Net ETHSOL into the DGV pool over 7 days, as a share of the ETHSOL in permanent liquidity

  −2%−b+b+2%

  +1.0%Growth

  Tomorrow, from 1.00×

  1.025×

  Keeps going to

  1.25× in 10 days

  What the Comb buys

  75% kept, 25% burned

• Daily emissions

  Each UTC day a chain's reservoir releases a share of what is left, so it never runs dry. At 1.00× half of it is out in about 1,012 days.

  $$E_d=\underset{\text{DGV left}}{\underbrace{V_d}}\times \underset{\text{flow multiplier}}{\underbrace{m_d}}/\underset{\text{days in four years}}{\underbrace{\mathrm{1,461}}}$$(7.3)

  A reservoir with 100,000,000 DGV left

  Released today

  At 1.25×

  85,558 DGV

  At 1.00×

  68,446 DGV

  At 0.25×

  17,112 DGV

• Where daily DGV goes

  Only to Labs. Votes steer 80%, to Labs with at least 0.5% of all votes; a smaller Lab's share stays in the reservoir. 20% follows characters installed in a Lab for a whole session.

  Daily DGV

  80% by votes20%

  In each Lab

  95% to the stake pot5%

• What counts as flow

  Only trades. Nobody can move the multiplier with liquidity.

  Counts

  • Buys
  • Sells

  Never counts

  • Adding liquidity
  • Removing liquidity

Surge exit tax

• The rate

  Two buckets track DGV that left Desks, one fading over a day and one over a week, against $A$, the DGV the market can absorb while its price falls 25% from its 7-day average. The fuller bucket sets the rate.

  $$\text{tax}\left(q\right)={\int }_0^q\max (f\left(u_{\text{day}}\right),f\left(u_{\text{week}}\right))dz$$$$u_{\text{day}}=\frac{L_{\text{day}}+z}{\mathrm{50\%}A}{u}_{\text{week}}=\frac{L_{\text{week}}+z}{\mathrm{150\%}A}$$$$f\left(u\right)=\underset{\text{calm rate}}{\underbrace{\mathrm{3\%}}}+\underset{\text{rises with outflow}}{\underbrace{\mathrm{12\%}\times \min {(u,1)}^2}}$$(7.4)

  $$\text{tax}\left(q\right)={\int }_0^q\max (f\left(u_{\text{day}}\right),f\left(u_{\text{week}}\right))dz$$$$u_{\text{day}}=\frac{L_{\text{day}}+z}{\mathrm{50\%}A}{u}_{\text{week}}=\frac{L_{\text{week}}+z}{\mathrm{150\%}A}$$$$f\left(u\right)=\underset{\text{calm rate}}{\underbrace{\mathrm{3\%}}}+\underset{\text{rises with outflow}}{\underbrace{\mathrm{12\%}\times \min {(u,1)}^2}}$$(7.4)

  Recent outflow: how full the fuller bucket is

  calmhalffull

  6.00%on the next DGV out

  To other Desks' DGV books

  6.00%

  Burned

  0.00%

• A large exit, worked through

  A big exit pays the average of a rising rate, not the first one.

  A = 20,000,000 DGV

  Before

  Day bucket

  9M of 10M

  Week bucket

  20M of 30M

  Withdraw 2,000,000 DGV

  First 1M, 12.72% to 15%

  138,400

  Next 1M at 15%

  150,000

  Tax, 14.42%

  288,400

  Where it goes

  Other Desks, 10%

  200,000

  Burned

  88,400

  You receive

  1,711,600

• Who gets it

  The part up to 10% of the amount goes to other Desks' DGV books, by the DGV they hold; the rest burns. The Desk that leaves earns none of its own tax.

  Pays it

  • DGV to an outside wallet

  Never pays it

  • Locks
  • Lab items
  • Claims

Locks and votes

• Lock power

  One lock per Desk, filled from its DGV book with no exit tax. Its power falls in a straight line to zero at the end; a permanent lock keeps all of it.

  $$\text{power}\left(t\right)=\underset{\text{DGV locked}}{\underbrace{h}}\times \underset{\text{time left}}{\underbrace{(t_{\text{end}}-t)}}/\underset{\text{longest lock}}{\underbrace{156\text{weeks}}}$$(7.5)

  Lock 1,000 DGV for

  4 wk1 yr2 yrfor good

  333power at the start, 0 after 52 weeks

• No early exit

  Nothing ends a lock early. Switching off a permanent lock starts a 156-week countdown.

  1. 1DGV bookfills the lock, no tax
  2. 2Lock4 to 156 weeks, or for good
  3. 3DGV bookall of it, at the end

• Votes

  Votes are shares of power, split across up to 10 Labs. More DGV or a longer lock moves every vote from the next day.

  One lock, three Labs

  Lab A, 50%Lab B, 30%Lab C, 20%

• Two pots

  The lockers' pot pays each day by power, vote or not. A Lab's voter pot pays its voters by the power they give it, and anyone can add ETHSOL to it. A pot with nobody to pay rolls on, and funding a pot never changes a lock or a vote.

  Protocol revenue

  20% operations50% the Comb30% lockers