Strategic Bitcoin Preserve
Not deployed. The address appears here first. CHAIN 4663  ·  reading…
BitcoinMethodRiskVerify 0 SAT
ROBINHOOD CHAIN  ·  4663  ·  $PRESERVE

No lid for us.
A spoon for you.

3% of every trade is taken in WETH, bought into Bitcoin, and sealed in a contract with no withdraw function. Nobody can open the jar. You can always take your own share out.

Buys open at 90% and halve to the 3% floor over about fifteen minutes. Sells are 3% from the opening block and never more.

Graduated, log scale. One satoshi is visible on purpose.
01The Bitcoin

Two tokens here are called WBTC. One of them is Bitcoin.

The one a search returns holds a fraction of one WETH against nine hundred million tokens, which aggregators render as roughly $4M of liquidity on one cent of daily volume. Both rows below are read from the chain as you look at them.

Not Bitcoin
The one a search returns
0x6a45 E05B
82FE 3cA9 0e92 a8b6 801E
27d3 8F41 D101
Decimals18
Supply here1,000,000,000
Its pool holds0.00098 WETH
In the
jar
The one the jar holds
0x6bac 0660
0D22 0Ac5 Ac28 1AD1 f504
D2Cf 0F90 F6e6
Decimals8
Supply here0.00368357
Its pool holdsthe reserve

Read live from Robinhood Chain, in your browser, at block . Both rows are one call each.

02What cannot happen

The four things you check before you read anything else.

Each one is the absence of a function, not a promise about behaviour. You cannot call something that was never written.

03The method
1

The hook charges 3%

Both directions, in all four ways a swap can be phrased. The four agree to within ten parts per million.

2

The desk collects

A contract that pays exactly one address and has no setter, so the destination is fixed before anybody buys anything.

3

It is bought into Bitcoin

Ethereum has a Bitcoin market. This chain does not. So a contract there buys it, bounded by that pool's own 30 minute average price, and the gateway brings it home. Nobody holds it.

4

Into the jar

No owner, no pause, no upgrade path, no withdraw function. Deposits are open to anybody.

5

You take your share out

Rounding runs toward the people who stay, by +0.00000096% on a half supply claim.

beforeSwap / afterSwap
fee on currency0
poolManager.mint(desk, wethId, fee)
Desk.remit()  →  Across  →  Uniswap  →  gateway
ReserveVault.deposit(amount, remitId)
redeem(amount)
pays amount × reserve ÷ effectiveSupply
A buy costs, right now
90.00%
falls to 3% by block 9,000
A sell costs, always
3.00%
fixed in code, never higher
Supply
1,000,000,000
minted once, no mint function
Of the fee, to the jar
100%
no operator cut, no LP fee
04Risk

What is actually held in code, and what is not.

There is no Bitcoin market on Robinhood Chain. Any project claiming its hook swaps fees into Bitcoin here is describing a market that does not exist.

So the conversion happens on Ethereum, in a contract, and comes home through the canonical bridge. Every step is permissionless. No key holds the money at any point.

Held in code
  • The desk pays one immutable address
  • Drawing is permissionless
  • One outstanding draw at a time
  • The jar has no withdraw function
  • Backing per token cannot fall
  • Liquidity cannot be removed
Not held in code
  • No oracle exists on this chain, so no contract can check a deposit is worth the WETH drawn
  • The reserve asset is a bridged proxy and its operator can upgrade it, the same trust this chain already takes for WETH
  • Anyone can open a pool with no hook and pay no fee
  • Backing rises in satoshis. Measured in WETH it moves with BTC against ETH
05Verify

Every figure on this page is one call away.

The two addresses in section 01 are callable right now, before anything of ours exists. Start there.

reserve()0xcd3293desatoshis held
backingPerMillion()0xdc2532d1satoshis behind a million
totalDeposited()0xff50abdcBitcoin in, lifetime
totalRedeemed()0xf35dad40Bitcoin taken out, lifetime
effectiveSupply()0x8fc47093supply that can still claim
totalSupply()0x18160dddminted once, no mint function
totalRemitted()0xc7b0c67fWETH drawn to be converted
awaitingSettlement()0x3c9a76cctrue while a draw is unanswered
feePips(bool)0x36074252true for a buy, false for a sell
Canonical address
Not deployed.

Published here and in the same post as the first public mention. Anything you see before this box has a value in it is a clone. The name is Preserve, not Reserve.