$cleave
The fee from the cut buys the token.
$CLEAVE is the token of the cut layer. It is not a second launchpad coin. On Robinhood Chain the launchpad already has a leader — Pons — and that token already captures issuance fees. Cleave captures something else: people switching between a cushioned claim and a leveraged claim on a coin that already exists.
Where the money comes from
Someone wants the wild half of a coin. They pay the ticket. Cleave takes 0.5 percent of that notional. That is the only fee Cleave earns. Launch is free. There is no funding rate.
- A trader buys or sells a shield or a probe.
- 0.5 percent of notional goes to the protocol.
- The protocol spends that fee on the open market for
$CLEAVE.
If nobody cuts, buy pressure is zero. That is the definition, not a bug. The engine is the same people coming back to the same coin to change exposure. It does not need a new ticker every day.
Split (in the locker)
| Share | |
|---|---|
| Open-market buy of $CLEAVE | 70% — constant BUY_BPS = 7000 |
| Cut insurance | 30% — constant INSURANCE_BPS = 3000 |
| Ticket | 0.5% of notional — constant FEE_BPS = 50 |
| Launch fee | none |
These numbers are constructor-checked: buy + insurance must equal 10_000 bps. There is no admin function to change them. Demo locker address is on the market page; mainnet is still unpublished.
What this is not
- Not “the team will buy it back.” The buyer is the protocol, spending fees it already collected.
- Not a claim on NVIDIA, gold, or any pair asset. Pair tokens are warehouse receipts. A Deep probe is elasticity on that curve.
- Not Pons. Pons sells the whole coin. Cleave sells the cut. Their fee line is issuance; ours is the ticket.
On this chain already
Approximate 24h fees on Robinhood Chain, DefiLlama snapshot around 2026-09-08 — the numbers move:
| Name | Lane | Why it matters here |
|---|---|---|
| Pons V2 | Launchpad | Issuance leader. Their token already eats launch-and-curve fees. Do not position $CLEAVE as “the next Pons.” |
| Uniswap V4 | Spot DEX | Where graduated coins trade. The cut reads the curve; it does not replace the AMM. |
| Lighter | Perps | Leverage leader in the wallet. Margin and liquidation. Different product. |
| Cut / shield-probe | — | No fee leader. probed published the same formulas with an off-chain ledger. Cleave is the on-chain version of that cut. |
Before it lists
CA is unpublished. There is no presale and no deposit. When it lists, it lists on a Pons curve like any other market, then gets its own ladder. Check Reference for the vault, the locker, and the token address — all three, or none.