TBILLY
Fed +25 bp on 16 Sept · the floor earns the new rate

A floor made of Treasuries.

Every trade pays a fee. The fees buy US Treasuries. Burn your tokens whenever you want and take your share of them. The contract has no owner, so nobody can touch it. Not even us.

RedeemHow it works
Contract address
Not launched yet. It will be published here and on X, nowhere else.
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Treasury · live from Robinhood Chainconnecting
Redemption value per 1,000,000 tokens
$0
$0 per token · live once the treasury is deployed
$0treasury · 0 SGOV
—SGOV, Chainlink · —
—market price · mcap —
—nothing waiting · block —
Redeem
You receive: —
Approve, then redeem. Tokens are burned and SGOV is sent to your wallet in the same transaction.
Any address

Balance, share of supply and what a burn would return right now. Nothing is stored.

01 · EVERY TRADE

Every trade raises the floor.

Pons charges 1% on every trade and pays 70% of it to the token creator. Each Friday after the US close, 70% of the week's creator fees go to the treasury contract. The remaining 30% is founder revenue, stated here.

1%Pons fee per trade
0.49%of volume reaches the treasury
02 · SAME DAY

Fees turn into T-bills.

The contract swaps what it holds on Uniswap, WETH → USDG → SGOV, with a minimum output that blocks sandwich bots. SGOV is the iShares 0–3 month Treasury ETF, tokenized by Robinhood. Its on-chain price accrues the T-bill yield every day.

—SGOV liquidity on Uniswap
~4.2%T-bill yield, accrued in the price
03 · ANY TIME

Cash out whenever you want.

redeem(amount) burns your tokens and sends your exact share of the SGOV in the same transaction: amount ÷ circulating supply × treasury. No queue, no lock, no owner who can stop it. The contract never sells SGOV, so the value per token can rise or stay flat, never fall.

0owners
0withdraw functions
120lines of Solidity

Protocol

One contract. It receives fees, converts them into SGOV, and pays out on redemption.

Parameters

NetworkRobinhood Chain · chain id 4663
TokenPons launch · 1,000,000,000 fixed supply · no team allocation
Treasury assetSGOV · Robinhood Token (iShares 0–3 Month Treasury Bond ETF)
Price feedChainlink SGOV / USD, total-return value
Swap routeUniswap SwapRouter02 · WETH/USDG 0.3% · USDG/SGOV 0.3%
KeeperCreator wallet. Can trigger conversions only
OwnerNone. No withdraw, pause or upgrade function
Token
published at launch
Treasury contract
deployed at launch · source
Creator wallet · keeper
published at launch
No contract address has been published. Any token using this name today is unrelated to this project.

What the contract does view source

ReceivesETH or USDG sent by the creator wallet each Friday. Anyone can send, nobody can take back.
ConvertsSwaps its balance into SGOV on Uniswap, only when the keeper triggers it, with a minimum output.
HoldsSGOV, and never sells it. The balance is visible on the explorer at any moment.
Pays outOn redeem(amount): burns the tokens, sends amount ÷ circulating supply × SGOV balance. Same transaction, no approval from anyone.
CannotWithdraw, pause, upgrade, change fees or blacklist an address. These functions do not exist.

120 lines of Solidity, compiled with solc 0.8.26. Tested against a fork of Robinhood Chain: 0.5 ETH converted into 11.87 SGOV; redeeming 1% of the supply paid exactly 1% of the SGOV.

Ledger

Every conversion and every redemption, read from the contract's events.

Events

EventAddressInSGOVTx
Available once the treasury is deployed.

Supply and reserves

—circulating supply
—burned through redemptions
0 SGOVpaid out to redeemers
—SGOV volume on Uniswap, 24h

SGOV is issued on Robinhood Chain by Robinhood Assets (Jersey) Limited and priced by Chainlink with the accrued interest included. It trades against USDG on Uniswap.

Simulation

What the floor could look like. Inputs are yours; the fee split is Pons's; the yield is an assumption.

Pons fee 1% per trade, 70% to the creator, 70% of that to the treasury. Supply 1,000,000,000, no redemptions. Volume is not predictable and can be zero.

—creator fees per week
—to the treasury per week
—treasury after 12 weeks
—redemption value per 1,000,000 tokens

What this contract will never do

The constraints are the product. Each one is enforced by code, not by a promise.

  • Never sell the Treasuries. There is no function that swaps SGOV out. Reserves only leave through redemption, pro rata, to the caller.
  • Never let anyone withdraw. No owner, no admin, no upgrade, no pause. The keeper can convert what is inside into SGOV and nothing else.
  • Never block a redemption. Any amount, any wallet, any time, in one transaction. No queue, no whitelist, no minimum.
  • Never invent a number. The floor, the treasury and the ledger are read from the chain in your browser. When a feed is down, the page says so.