Fees in.
NVIDIA out.
Wafer is a utility coin on Robinhood Chain with one rule etched into a contract: 0.75% of every trade buys NVIDIA Stock Tokens that stream to stakers. Lock for two years and earn 8x the unlocked rate.
pre-launch Launches on Pons. The WAFER address and the buy link are posted here the moment it is live.
Fee 2.00% per trade · 0.75% to NVDA buybacks · lock up to 8x · treasury owner has no withdrawal path
How it works
Four steps. Two are yours, two the treasury does by itself. Nobody has to run it, and nobody outside the contract can.
Trade on Pons
Every swap pays 2%: 1% to Pons and the 1% dev fee, which is owed to the treasury.
Auto-harvest
The treasury pulls its own fees in whenever a staker acts. A quarter goes to the dev wallet, three quarters stay for the buy.
Auto-buy NVDA
In the same transaction the ETH is swapped for NVDA on Uniswap under a 30-minute average price floor.
Trickle to stakers
Bought NVDA trickles to every staker by the second, in proportion to stake times lock multiplier. Claim any time.
The market the treasury buys into
A live depth ladder and swap tape from the NVDA / ETH pool on Robinhood Chain. This is not a WAFER market.
| Recent swaps | Size NVDA | Price ETH | Block |
|---|---|---|---|
| Reading the book… | |||
| One trade end to end, on a mainnet fork | Contract call | Who | Amount | Status |
|---|---|---|---|---|
| Trade 1 ETH into WAFER | PonsV2BondingCurve.buy() | any trader | 370,786,516 WAFER | filled |
| Fee swept to escrow | sweepFees() | Pons operator | 0.0100 ETH | filled |
| Escrow pulled in, dev paid | auto-harvest | the treasury, inside the next stake | 0.0025 ETH dev · 0.0075 ETH kept | filled |
| ETH swapped for NVDA | auto-buy | the treasury, TWAP floor | 0.076761 NVDA | filled |
| Trickled and claimed | claimRewards() | each staker, by stake weight | 0.076761 NVDA | filled |
rehearsal Real numbers from a full run on a fork of Robinhood Chain mainnet on 2026-09-10: a real Pons launch, a real 1 ETH trade, a real Uniswap V3 fill. Not mainnet history. Fourteen fork tests pass, including a pool-manipulation test that the floor rejects. No audit has been done.
Tokenomics
Supply, curve fee and graduation are Pons V2 launch configuration 0, read from the factory on chain today. The fee split, the lock multipliers and the buy floor are treasury constants. No team allocation, no presale, no admin mint.
Supply and launch
The whole supply mints to the Pons bonding curve when WAFER launches. Anyone, including the creator, buys from the curve at the same price schedule. There is no allocation to the creator.
Where the 2% fee goes
Per 1 ETH traded, 0.0200 ETH is fee: 0.0100 ETH to Pons and 0.0100 ETH dev fee, of which 0.0075 ETH buys NVDA and 0.0025 ETH goes to the dev wallet. At today's price the buyback is … NVDA per ETH traded.
Weight = stake x multiplier. Every buyback trickles to stakers by weight, so the same WAFER locked for two years earns eight times what it earns unlocked, out of the same pool of bought NVDA.
What would your stake earn?
An estimate from assumptions you control, priced at the live NVDA/ETH rate. It assumes volume and total staked stay constant, which they will not. Not a promise.
Weight = stake x lock multiplier. Your share = your weight / (your weight + everyone else's, assumed at 2x). ETH to buybacks = volume x 0.75%.
No withdraw.
No mint.
No pause.
What the owner can do
Change the dev wallet, the buyback operator, the Uniswap fee tier and the buy floor inside hard limits. Nothing else.
What anyone can do
Stake, unstake, claim, and read every number on this page from the chain. Nobody outside the contract can pull fees or trigger a buy; the treasury does that by itself.
What is not done yet
No third-party audit. The rehearsal above is a fork run, not mainnet history. Mainnet addresses appear here on launch.
Treasury, live
Every figure is read from the contracts over public RPC and refreshed every 15 seconds. When a value changes it counts to the new number and flashes like a fill.
| Recent fills | Event | Amount | Block |
|---|---|---|---|
| Reading the book… | |||
Stake. Lock longer, earn up to 8x.
Every buyback trickles to stakers by the second, split by weight. Weight is your stake times your lock multiplier. Locked positions cannot be withdrawn before they unlock; rewards can be claimed at any time.
Stake WAFER Robinhood Chain
Stake is an approval plus one transaction. Adding to a locked position re-locks the whole position for the chosen length, which must be at least the time remaining. Each stake, unstake or claim also lets the treasury harvest its fees and buy NVDA by itself once enough has built up; you never have to run anything.
Example: two stakers with the same amount, one unlocked and one locked two years, split a buyback 1 to 8. Staking after a buyback only earns the part of the stream still to come.
Questions people ask
Short answers, no spin.
What is WAFER, really?
A utility coin launched on the Pons launchpad on Robinhood Chain. Its utility is the fee pipe: every trade funds a treasury contract that buys NVIDIA Stock Tokens and streams them to stakers, with a higher rate for longer locks. The token carries no claim on NVIDIA, Robinhood or Pons, and its price is set by trading like any other coin.
What is an NVDA Stock Token?
A note issued by Robinhood on Robinhood Chain that tracks NVIDIA stock. It is an ordinary ERC-20 you can hold in any wallet and trade on Uniswap. It is not a share: no voting rights, no direct claim on the company, and it is only offered in some countries.
Where do the rewards come from?
Only from trading fees. Every WAFER trade pays 2%: 1% to Pons and 1% dev fee, of which 0.75% buys NVDA and 0.25% goes to the dev wallet. The treasury is the creator, so that ETH accumulates in Pons's escrow. The treasury pulls it in and swaps the buyback share into NVDA on Uniswap by itself, under an on-chain price floor, whenever stakers act and enough has built up. Nobody has to run it, and nobody outside the contract can. If nobody trades, nothing accrues.
How do locks and yield work?
Your weight is your stake times a lock multiplier: 1x with no lock, 1.5x for 30 days, 2x for 90, 3x for 180, 5x for a year and 8x for two years. The curve is steep on purpose: a two-year lock earns eight times what the same WAFER earns unlocked, from the same pool of bought NVDA. Each buyback trickles to stakers by the second in proportion to weight, so staking right before a buyback only earns what is still to come. Locked positions cannot be withdrawn until they unlock; rewards can be claimed any time.
What can the owner do to my stake?
Nothing. The contract has no function that moves staked WAFER or bought NVDA anywhere except to the staker who owns them. The owner can change the dev wallet, who runs manual buybacks, the Uniswap fee tier, and the buy floor within hard limits (never looser than 5% under the TWAP, never shorter than a 5-minute window). There is no pause, no mint and no withdraw.
Is it audited?
No. The contract is under 350 lines of Solidity with fourteen tests that run against a fork of Robinhood Chain mainnet, including a full rehearsal on the real Pons factory. That is evidence, not an audit. Treat it accordingly.
Why is the book on this page NVDA/ETH and not WAFER?
Because WAFER has not launched yet, and because NVDA/ETH is the market the treasury actually buys into. After launch, WAFER trades on the Pons curve and then in a Uniswap V4 pool, and the WAFER market link will be posted here.
What happens at graduation?
Once the curve has raised 4.2 ETH, Pons moves the reserves into a full-range Uniswap V4 pool and locks the liquidity position permanently. Trading continues there with the same fee split, so the treasury keeps receiving its share.
Contracts
Verify everything on the explorer. The treasury has no function that moves staked WAFER or bought NVDA anywhere but to stakers.
WAFER is a utility coin whose utility is the fee pipe described on this page; it carries no claim on any company and its price is set by trading. NVDA Stock Tokens are notes issued by Robinhood that track NVIDIA stock; they are not shares, carry no voting rights, and are only available in some countries. Fees depend on other people trading. The book above is the NVDA / ETH pool, not a WAFER market. The calculator is an estimate under assumptions you set. Nothing on this page is investment advice.