Pons has unveiled its V2 upgrade plan, introducing an ETH-based bonding curve, Uniswap V4 integration, creator payouts in ETH, and support for tokenized real-world asset trading pairs as Robinhood Chain’s competition among token launchpads continues to intensify.
Summary
- Pons has announced its V2 upgrade with an ETH based bonding curve, Uniswap V4 integration, and creator payouts in ETH.
- The update will support custom trading pairs including tokenized assets such as USDG, NVDA, AAPL, and HOOD while removing trading restrictions for regular wallets.
- The release comes as Robinhood Chain’s launchpad market continues to evolve after Noxa’s exit and growing competition among rival platforms.
According to an announcement published by the Pons team, the update is scheduled for next week and will redesign how tokens launch, trade, and transition into decentralized liquidity pools on Robinhood Chain. The team said the contracts are still undergoing audits with two partners, meaning every feature remains subject to change until deployment.
Pons said the latest version was shaped by user feedback gathered during the platform’s first weeks of operation. The team also said it had stabilized the protocol with infrastructure partners after dealing with several attacks following its launch and plans to continue building products for Robinhood Chain traders.
Bonding curve and new trading model
One of the biggest changes in Pons V2 is the replacement of its previous launch model with an ETH-denominated bonding curve.
The team said trading restrictions will remain configurable only for developer wallets while all other wallets will be able to trade freely. According to Pons, the change is intended to eliminate failed transactions experienced by third-party trading applications under the earlier version.
Developers will also be able to launch tokens against custom trading pairs instead of ETH alone. The announcement listed assets including USDG, NVDA, AAPL, and HOOD as examples, allowing deployers to create markets tied to tokenized real-world assets or other supported tokens.
The expansion comes as Robinhood Chain continues building infrastructure around tokenized financial products. As crypto.news previously reported, Robinhood has already introduced transferable stock tokens backed one-for-one by underlying shares while positioning the Ethereum Layer 2 network as infrastructure for tokenized securities and decentralized finance.
Earlier this week, a FalconX research primer found that Robinhood Chain had accumulated approximately $431 million in total value locked, nearly $400 million in stablecoin market capitalization, and close to $9 billion in cumulative decentralized exchange volume within three weeks of launch. The report also found that more than 80% of decentralized exchange activity still comes from memecoin trading despite the network’s long-term focus on tokenized assets.
New fee structure and automatic graduation
Pons also plans to redesign how creators and the protocol collect fees.
According to the announcement, V2 will use Uniswap V4 pools and Hooks so creators receive payouts in ETH by default instead of accumulating fees in the launched token. The protocol said fee conversion will occur within the liquidity pool, allowing creators to avoid receiving small balances of memecoins that might otherwise be sold on the open market.
Deployers seeking exposure to their own tokens will need to purchase them through the market like other participants rather than receiving them automatically through protocol mechanics.
Liquidity migration has also been redesigned. Instead of launching directly into Uniswap V3 pools, new tokens will remain on the bonding curve until reaching 4.2 ETH, the same graduation threshold used previously.
Once that level is reached, the protocol said an automated two-step process will transfer liquidity into a permanently locked full-range Uniswap V4 position. If a token is paired with an asset other than ETH, the accumulated ETH will first be swapped into the selected quote asset before the liquidity pool is created.
According to the team, permanently locking the resulting liquidity position is intended to prevent liquidity from being withdrawn after graduation.
Creator payouts and governance features
Alongside ETH payouts, Pons said creators will have the option at deployment to receive protocol fees in another supported asset, including stablecoins or tokenized real-world assets such as USDG.
The team said the feature allows deployers to receive more predictable payouts or gain exposure to different assets instead of relying entirely on their token’s market performance.
Governance tools are also being updated. Pons said V2 will introduce a CTO feature protected by a three-day timelock after an oversight in the V1 contracts prevented protocol administrators from changing the fee recipient. According to the announcement, the delay is intended to give communities advance notice and time to react if a malicious attempt is made to take control of a project.
Another planned addition is an optional transaction tax applied to token purchases and sales. The protocol said integration partners could use the collected fees for yield generation or other holder incentives through reflection-style token models.
Competition grows after Noxa’s exit
The update arrives as Robinhood Chain’s launchpad market continues to evolve following the departure of its earliest market leader.
As crypto.news previously reported, Noxa halted new token launches on July 11 after generating more than $12 million in protocol fees and supporting over 60,000 token launches, accounting for roughly 75% of all deployments on Robinhood Chain. The platform later became unavailable before announcing that future trading fees would be redirected entirely to token creators.
Noxa’s shutdown was followed by declines in several of the chain’s most actively traded memecoins, including CASHCAT, while rival launchpads such as flap.sh, trensh.today, bankr, and Pons began competing for displaced activity.
Although Robinhood Chain has continued attracting users and liquidity, FalconX said speculative memecoin trading remains the network’s largest source of decentralized exchange volume. The addition of custom RWA trading pairs alongside updated memecoin launch mechanics positions Pons to participate in both areas of the ecosystem as Robinhood Chain expands its on-chain financial products.
The Pons team said the V2 contracts are expected to be deployed next week after ongoing audits are completed, with token launches initially taking place through the platform’s ponsfamily.com domain.