01What Makers is
Makers is a Pons launchpad on Robinhood Chain where every coin launches with its own market maker. You can also put one on a Pons coin launched elsewhere. A maker is one market maker on one coin: a treasury and 1 to 10 trading wallets that buy dips and sell rises by settings its owner can change at any time.
A maker is funded by the ETH its owner puts in and, for a coin launched here, by that coin's creator fees. Your share of the fees and of the profits is paid to your wallet. Market making can lose money: the wallets buy into falls, and a price can keep falling.
How ETH moves through a maker
| 1 · Launch | Your wallet creates the coin on Pons with the maker's treasury as its creator-fee recipient, and makes your dev buy if you set one. |
| 2 · Funding | Your wallet sends the maker its starting ETH, in a second transaction. On a coin launched elsewhere, you deposit it. |
| 3 · Claim | Trades on the coin pay its creator fee into the Pons fee escrow, credited to the treasury. The treasury claims it; of each claim 80% goes to the maker and 20% to Makers. A maker on a coin launched elsewhere has no claims and runs on deposits. |
| 4 · Fund | The treasury spreads its ETH evenly over the trading wallets. |
| 5 · Trade | Each wallet buys dips and sells rises by your settings, on the Pons curve and later in the coin's Uniswap v4 pool. |
| 6 · Harvest | When a sell realizes a profit, your share of it moves back to the treasury. |
| 7 · Payout | The treasury pays what it owes you to your wallet, on its own once it passes your payout minimum or when you ask. |
| Status | What |
|---|---|
| Yours to change, any time | Every setting: triggers, sizes, frequency, stop-loss, wallets, where fees and profits go. Pause, withdraw, liquidate, close. |
| Fixed for good | The owner wallet and the treasury address. Pons keeps the coin's name, ticker, image and creator fee as launched, and its fee recipient (the treasury) can only be moved by the treasury's key, which the engine never uses for that. |
| Public | Every wallet of every maker, every trade, claim, transfer and payout, and every settings change. |
02Launching a coin
You launch from your own wallet. Makers first creates the maker (its treasury and trading wallets); then your wallet sends one transaction to the Pons factory that creates the coin with the treasury as creator-fee recipient (with your dev buy inside it if you set one, through the Pons launchAndBuy helper), and a second plain ETH transfer that funds the maker.
| Step | What |
|---|---|
| 1 · Coin | Name (up to 32 characters), ticker (up to 10 letters or digits), image (pinned to IPFS so Pons shows it), description and optional website, X and Telegram links, and the creator fee (0.5% to 5% here). Pons keeps these for good. |
| 2 · Dev buy | ETH your wallet spends on the coin inside the launch. The tokens go to your wallet; the maker never holds or sells them. |
| 3 · Funding | ETH for the maker, at least 0.001 ETH. The treasury keeps its reserve and 0.0003 ETH for its own fees; the rest is capital, split evenly between the trading wallets, and a wallet buys only once it holds a min trade plus 0.0005 ETH of gas. |
| 4 · Strategy | A preset or your own values. Every one can be changed later. |
| 5 · Treasury | How much of each claim funds the maker, how much profit is reinvested, and how you are paid. |
| 6 · Review and sign | The page lists what each transaction does; then your wallet asks you to sign them. |
After the launch, Makers reads the transaction back from the chain: it must come from your wallet, and the coin must pay its creator fees to this maker's treasury. Then the maker page goes live. If your browser closes before that, the engine finds the launch by itself. Before every claim, the engine checks on chain that the coin still pays its fees to the treasury; if it ever does not, the maker stops claiming and its page says so.
| Item | Amount | Goes to |
|---|---|---|
| Pons launch fee | 0.0005 ETH | Pons |
| Dev buy | What you set, or nothing | The Pons curve. The tokens are yours. |
| Funding | At least 0.001 ETH | The maker's treasury. Close returns all of it. |
| Makers | Nothing at launch | Later, 20% of each creator-fee claim. |
03A maker on any coin
You can put a maker on a Pons coin you did not launch here, paired with ETH, on its curve or in its Uniswap v4 pool. It trades by the same rules and settings. It has no creator fees, so it runs on the ETH you deposit.
Paste the coin, choose the settings, sign in (a signature that moves no funds) and the engine makes the treasury and the trading wallets. Then send ETH to the treasury address shown on the maker page; deposits can come from any wallet, and ETH and tokens only ever leave the maker to its owner. One maker per wallet per coin: two makers of one owner on one coin could trade against each other. A maker nothing funded within a day of opening is closed.
04How the market maker trades
Each trading wallet runs the same rules on its own book: what it bought, at what average price, and what it sold. Every pass, 15 seconds apart by default, the engine reads the coin's market once and asks each wallet one question: buy, sell or wait? Sells are checked before buys, a wallet makes at most one trade per pass, and it never has two transactions in flight. Settings are read fresh every pass.
The maker trades on the Pons bonding curve and, once the coin graduates, in its Uniswap v4 pool (through the Universal Router; sells go through Permit2). While a coin is between the two, the wallets wait.
The high and the reference
While a wallet holds nothing, its reference is its high: the highest price since its last sell, or since it first had ETH to trade. While it holds tokens, the reference is the price of its last buy.
Buying the dip
A wallet buys when the price is at least the buy trigger under its reference. The buy spends the buy intensity share of the wallet's free ETH, kept between the min and max trade size and inside every limit. Under the min trade size, it does not buy, and its status line says which limit stopped it.
Taking profit
A wallet sells when the price is at least the sell trigger over its average entry. Before it sells, the engine prices the sale after the fee on that side (on the Pons curve, the 1% Pons fee plus the coin's creator fee; in the v4 pool, the creator fee the Pons hook takes) and compares it with what those tokens cost. Under the profit target, it keeps waiting. It sells the sell intensity share of its position, never leaving less than a min trade behind.
Stop-loss
With a stop-loss set, a wallet sells its whole position once the price is that far under its average entry, in pieces of at most one max trade, ignoring the cooldown and the profit target, but never within a minute of another wallet of the same maker buying. While a stop-loss is due, no wallet of the maker buys. In a fast drop the price can fall far through the stop line between two passes.
Averaging down, cooldown, limits
With average down on, a wallet that holds buys again each time the price falls another full buy trigger under its last buy. Trading frequency is the least time between two buys of one wallet (and between take-profits). Every buy also passes the price range, the ETH/token ratio, max exposure and the daily spending limit; when one leaves room for less than a min trade, there is no buy.
The ladder
With several wallets, the ladder sets wallet n to n times the maker-wide triggers, capped at 90%: a shallow dip moves one wallet, a deep one brings in all of them, each at its own price.
A worked example
One wallet, Balanced triggers and sizes, ratio 0%, min trade 0.05, max trade 1, 2.00 ETH free, a 1.25% fee a side; prices as market cap (price × 1 billion). The engine reproduces these numbers exactly in its tests.
| Time | Mcap | The wallet |
|---|---|---|
| 12:00 | 100 | Holds nothing. Its high is 100: it buys at 90 or lower. |
| 12:20 | 90 | Buys for 1.00 ETH and gets 10.97M tokens (half of its 2.00 ETH). |
| 12:22 | 85 | Waits: it holds, so its reference is its last buy, 90; it buys more only at 81. |
| 12:40 | 81 | Averages down for 0.50 ETH, 6.10M more: 17.07M tokens that cost 1.50 ETH, an average entry of 87.88. New lines: sells above 96.67, stop below 57.12, buys more below 72.90. |
| 13:10 | 96.7 | Sells half, 8.53M, for 0.815 ETH: +0.065 realized, 0.032 credited to the owner (profit reinvested 50%). |
| 13:30 | 76 | Waits, between its buy-more line and its stop. |
| 14:05 | 50 | Stop-loss: sells the other 8.53M for 0.421 ETH, −0.329 realized. Result −0.264 ETH; the owner's +0.032 is never charged the loss. |
05Settings reference
Every setting can be changed at any time from the maker page by its owner. Each save is a new version: the maker page shows what changed, from what to what and when.
| Setting | Patient | Conservative | Balanced | Aggressive | Adaptive | Degen |
|---|---|---|---|---|---|---|
| Buy trigger | 30% | 20% | 10% | 5% | 5% | 5% |
| Sell trigger | 30% | 20% | 10% | 5% | 12% | 5% |
| Buy intensity | 20% | 25% | 50% | 100% | 50% | 100% |
| Sell intensity | 50% | 50% | 50% | 100% | 70% | 100% |
| Average down | Off | Off | On | On | Off | On |
| Trading frequency | 15m | 10m | 3m | 45s | 1m | 15s |
| Profit target | 12% | 8% | 4% | 2% | 3% | 1% |
| Stop-loss | 40% | 25% | 35% | Off | 40% | Off |
| ETH/token ratio | 80% | 70% | 50% | 30% | 40% | 0% |
| Trailing exit | Off | Off | Off | Off | 15% | Off |
| Trend filter | Off | Off | Off | Off | On | Off |
| Setting | Range | What it does |
|---|---|---|
| Deeper steps / from | 1–90% or off / 1–100% | Once open buys cost that share of the maker, every buy waits for at least this dip under the last one. |
| Buys step down | on or off | While another wallet holds a buy, a wallet buys only its own trigger under the lowest of those buys. |
| Lines follow the price | 5–1,440 min or off | The dip is measured from the high of the last this many minutes. |
| Buy size from the whole maker | 0.1–25% or off | Every buy is this share of the maker's whole value. |
| Min / max trade size | 0.0005–50 ETH | The smallest and largest trade a wallet makes. |
| Slippage | 0.5–15% | A trade whose price moves more than this fails instead of filling worse. |
| Stop from first buy | on or off | Measure the stop from the position's first buy instead of its average entry. |
| Trailing exit | 1–90% or off | After a first take profit, the rest rides the move and sells once the price falls this far from its high since then. |
| Trend filter | on or off | Down 25% or more in half an hour and still falling: no new buys. Up 40% or more and still rising: half-size buys. |
| Price range | $1K–$100B | Buy only inside this market-cap band (USD). |
| Max exposure / daily limit | up to 50,000 ETH or no cap | Caps on open positions at cost, and on all buys in the last 24 hours. |
| Close all at profit | up to 50,000 ETH or off | Once selling everything would fetch this much more than it cost, every wallet sells and nobody buys until flat. |
| Trading wallets | 1–10 | Each keeps its own book and lines; removing one stops its buys and returns its ETH once flat. |
| Fees to the maker | 0–100% | Share of each claim that stays as capital; the rest is credited to you. |
| Profit reinvested | 0–100% | Share of each realized profit that stays as capital; the rest is credited to you. |
| Auto payout / minimum | on or off / 0.0005–500 ETH | Pay what you are owed once it reaches the minimum. |
| Treasury allocation / reserve | up to 50,000 ETH | The most ETH handed to the wallets, and ETH the treasury never hands out. |
06Money: claims, payouts, withdrawals
A maker keeps two kinds of ETH apart: what it owes you (payable), and the capital it trades with. Only two things credit what it owes you: your share of each claim, payable += claim × 80% × (100% − fees to the maker), and your share of each realized profit, payable += profit × (100% − profit reinvested). Losses are never charged to what you are owed.
About once a minute, the treasury sweeps the coin's curve into the Pons fee escrow and claims what is waiting for it, once at least 0.0003 ETH is there. At most every 10 minutes, the engine spreads capital evenly over the active wallets. Withdraw capital sends ETH not in open positions to your wallet; Liquidate sells positions at market; Close sells everything and pays it all to your wallet. Pause stops all trades, stop-losses included; claims, harvests and payouts go on. Apart from trades, ETH leaves a maker only for your wallet, its own wallets, or the platform wallet (its 20% of claims).
07Fees
| Fee | Amount | Paid to, and when |
|---|---|---|
| Share of creator fees | 20% of each claim, on coins launched here | The Makers platform wallet, at each claim, by the engine. |
| Profit fee | none | — |
| Launching a coin | No Makers fee | You pay the Pons launch fee (0.0005 ETH), gas, your dev buy and funding. |
| A maker on any coin | No Makers fee | A deposit costs its gas. |
| Pons trading fee | 1% on the curve, plus the coin's creator fee | Pons and the coin's fee recipient, on every buy and sell. |
| Gas | A fraction of a cent a transaction | Robinhood Chain. Each trading wallet keeps 0.0005 ETH for it. |
On a coin launched here, the maker's own trades pay the creator fee to its own treasury, which claims most of it back.
08Transparency
Every maker has a public page: the treasury and every trading wallet, each linked to Blockscout, with its ETH, holding, average entry and lines; every trade with its reason; every claim, transfer and payout; every settings change; the engine's latest note. The chart marks the maker's buys (▲), sells (▼) and claims (◆).
No wash trading. A maker's wallets never trade with each other: a wallet does not buy within 60 seconds (or its cooldown) of another wallet of the same maker selling, and does not take profit within that window of one buying. The rule is in the engine; owners cannot turn it off. A maker has no volume target: it trades only when the price crosses its lines.
09Trust model and security
Every maker key is encrypted with AES-256-GCM under a 32-byte master key and bound to the record it belongs to, so a sealed key copied to another maker does not open. A key is decrypted in memory only to sign. Every transfer is checked against a pinned list (the maker's own wallets, its owner, the platform wallet) before it is signed.
| Rule | Enforced by |
|---|---|
| The coin pays its creator fees to the treasury | The chain: Pons, set at launch. |
| The 80/20 split of each claim | The Makers engine, off chain, logged with every claim. |
| A change to a maker is one you approved | Your wallet's signature of a message naming exactly that change, used once. A sign-in alone can only pause, pay you what you are owed, or cancel a request. |
| Settings, caps, cooldowns, no wash trading | The Makers engine, off chain. |
| ETH leaves a maker only for its owner | The engine's transfer check, off chain. |
| Every event is kept | An append-only audit log, each entry carrying the hash of the one before. |
What could go wrong: someone who takes the server and its master key can empty every maker; bugs; downtime (nothing trades, no stop-loss fires); Makers stopping for good with its keys lost (funds unrecoverable); Pons changing its contracts or fees; and market risk. If a server holding the keys to a maker's wallets is not acceptable to you, do not use Makers.
10The native token
$MAKERS is the platform's own Pons coin, with a maker like any other here: the same engine and rules, every wallet and trade public. Holding it pays you nothing from Makers: no share of fees or revenue, no vote, no claim. It is a memecoin, with every risk in the risk disclosure.
11FAQ
Can I change settings after launch?
Yes, every one, at any time, from the maker page. The owner, the treasury and what Pons keeps (name, ticker, image, creator fee) cannot change.
Can I turn it off?
Pause stops all trading at once, stop-losses included, while claims and payouts go on. Close sells every position and pays everything to your wallet; later creator fees are then all credited to you.
What if the price only falls?
The maker loses money. Each wallet buys its first dip; with averaging down on, it buys again at every further trigger until its free ETH or a limit stops it. Set a daily spending limit or a max exposure.
Why is my maker not buying?
Each wallet's line on the maker page says why: the price has not fallen enough, cooldown, the window after another wallet sold, a limit, the price range, too little free ETH, a pause or request, a transaction in flight, the coin between its curve and its pool, or a failed transaction (it waits 5 minutes).
Does it keep trading after graduation?
Yes, in the coin's Uniswap v4 pool. While the coin moves from curve to pool, the wallets wait.
Which wallets work?
EVM wallets such as MetaMask and Rabby, on Robinhood Chain. Signing in signs a message, costs nothing and cannot move funds.
12Glossary
| Average entry | What a wallet paid per token for what it holds, fees included. |
| Capital | Everything a maker holds for market making: treasury ETH above payable and reserves, the wallets' ETH, open positions at cost. |
| Claim | Collecting a coin's creator fees from the Pons fee escrow. |
| Harvest | Moving the owner's share of a realized profit from a trading wallet to the treasury. |
| High | The highest price since a wallet's last sell: its reference while it holds nothing. |
| Ladder | Per-wallet triggers that grow with the wallet's number. |
| Pass | One round of the engine over a maker, every 15 seconds by default. |
| Payable | ETH the treasury holds for the owner. |
| Reference | The price a wallet measures dips from. |
| Treasury | A maker's main wallet: the coin's creator-fee recipient on Pons. |