How Fletch works

A new token opens with its whole supply on a bonding curve — a formula, not an order book. Each buy moves ETH into the curve and pushes the price up along a fixed path; each sell moves it back down. Because the curve is math, there is always liquidity and always a price — no one has to make a market, and the creator can't pull it.

Price and market cap are a pure function of how much ETH has entered the curve. You can watch a token climb its curve in real time on the board.

When a token's curve fills (a fixed amount of real ETH raised), it graduates — around here we call it splitting the arrow: the ETH and tokens are seeded into an official Uniswap V4 pool at the exact final curve price, as a full-range position whose NFT is owned by 0x…dEaD — permanently locked, never withdrawable, and verifiable by a single ownerOf read. This happens inside the buy that crosses the threshold — there is no separate migration step for anyone to front-run, and no locker contract you have to trust. The position is gone for good — neither Fletch nor the creator keeps any claim on the reserves.

Tokens that launched earlier graduated to Uniswap V2 with the LP burned to the same dead address and no post-graduation fee — that's still how those specific coins work, and their pages say so.

A flat 1% fee on curve trades, split 40% to the token's creator and 60% to the protocol. A 3% fee at graduation. After graduation, a shared immutable hook charges a flat 1% fee on every Uniswap V4 swap (hard-capped at 3%), split 80% to the creator and 20% to the protocol treasury — claimable to the creator's wallet, dual-currency (ETH on sells, the token on buys). The pool's own LP fee is 0%, so all disclosed post-grad revenue is that hook fee. It's charged on trade volume — a real cost felt in every swap — and never touches the locked reserves. The token contract itself has no tax, no mint, no blacklist, no owner — the numbers above are fixed at deploy and can't be changed. See Trust for the exact, verifiable details.

Coins that graduated earlier trade on Uniswap V2, whose 0.3% swap fee goes to the burned LP (i.e. nobody) — those specific tokens carry no Fletch post-graduation fee.

Robinhood Chain orders transactions first-come-first-served at the sequencer with no public mempool — so there's no gas-bidding war and no mempool sniping. On top of that, every launch has an immutable anti-snipe window (a max-wallet cap for the first two minutes) so a bot can't vacuum the supply at block zero. A creator can seed their own bag with an atomic dev-buy inside the launch transaction — disclosed, and the only sanctioned front-run.

Fletch tokens come with on-chain exit orders (stop-loss / take-profit that fill without escrowing your tokens), referrals (claim a code and earn on every curve buy you bring — forever, not just the first), and callouts & holder rooms where a wallet that holds the coin can call it or chat, every message a signed on-chain act.

Fletch works with any EVM wallet that can reach Robinhood Chain — connect from the top-right and pick your wallet, or scan the WalletConnect code from a mobile wallet. On a phone, the smoothest path is Robinhood Wallet's in-app browser: it supports Robinhood Chain natively, so opening fletch.bond inside it connects in one tap.

You'll need ETH on Robinhood Chain — it pays gas and buys tokens. Fund with Apple Pay / Google Pay in Robinhood Wallet, or bridge in from Ethereum, Arbitrum or Base via Relay / Across (seconds) or the canonical Arbitrum bridge. Fletch never touches your funds — these are the wallet's and bridges' own surfaces.