A market with memory, a floor made from arithmetic, and rules nobody can rewrite.

In an ordinary launch, volume produces fee extraction and nothing else. Yesterday's trading is worth nothing today; the energy that built the market survives only as a chart of what already happened. Every cohort has to be replaced by the next one, and when replacement stops, so does the market.

UNIPAD begins from a different rule: every successful trade must leave the redemption floor higher than it found it. The floor is a quantity of WETH, held per token, that any holder can claim at any time. It is not a target, an oracle reading, or a promise from a person — it is a ratio enforced by the contract.

The hook records two separate WETH reserves. The floor reserve backs redemption and is reduced by nothing except redemption itself. The band reserve pays sellers while the market trades above the floor.

The hook may also hold tokens it bought back from sellers. That inventory belongs to the market, so it is excluded from redeemable supply — the protocol never reserves backing for tokens it already owns. This detail is what makes a sale into the band accretive rather than dilutive.

Raw balances do not set the floor. Only recorded reserves and recorded inventory count, so tokens or WETH sent directly to the contract cannot move a quote, the backing, or the depth — and cannot be recovered, because no rescue function exists.

Floor reserve

WETH committed to redemption. Only redemption reduces it.

Redeemable supply

Total supply minus tokens the hook itself holds.

Permanent anchor

One token locked at the dead address against one wei, so the ratio stays defined forever. Accounting dust, not supply.

Redeeming pays you the floor value of your tokens, less the fee, and burns them permanently. The floor reserve falls — but redeemable supply falls proportionally more, because part of the fee stays behind in the reserve. The ratio therefore rises.

That is the whole trick, and it is why redemption is never gated, rate-limited by us, or discouraged. A floor you cannot leave through is not a floor. Every exit makes the position of the remaining holders arithmetically stronger.

Before the cap, new supply enters on a fixed exponential curve whose scale is set at deployment and can never change. Adding WETH to the market can deepen trading, but it can never cheapen unissued supply or lower the terminal price.

A buy takes existing hook inventory first, then continues into new issuance. Sells walk down through the band; tokens absorbed there become inventory for the next buyer rather than a burn. If a sell exhausts the band it crosses into redemption in the same transaction, without a second call.

Public issuance ends at 900 million tokens. At that exact boundary the remaining 100 million is minted to the hook as post-cap inventory — market infrastructure, not an allocation to any person. After that, minting is impossible and the market is derived from what the hook actually holds.

0.50% to the floor

Immutable. Not configurable by the creator, by us, or by anyone.

1.00% configurable stream

Split across named recipients at launch, then frozen. Defaults to 0.85% creator and 0.15% protocol.

Paid in WETH, always

A creator never has to sell the token into its own holders to realise revenue.

Being paid in the settlement asset rather than in the launched token is the single biggest structural fix against the usual launchpad deal, where a creator receives an allocation they can only monetise by selling it to the people who bought in. That arrangement makes the creator and the holder adversaries on day one.

The underlying Uniswap pool fee is zero. All fee logic lives inside the hook so that its destination and its effect on the floor stay explicit and auditable rather than buried in liquidity accounting.

Anyone can contribute WETH permanently to a market's floor reserve. No shares are issued, nothing can be withdrawn, and there is no rescue path. A creator or an autonomous agent can therefore point product revenue at their own token and convert it into backing that holders can verify and claim.

The protocol reports two separate figures: backing that came from trading, and backing that came from routed revenue. The first can be inflated by wash trading, though doing so costs 3% round trip in real WETH with a third of it trapped in the floor. The second cannot be faked without actually earning the money and permanently giving it away.

Market discovery ranks on the second figure. It is the only signal in this category that can be climbed solely by earning revenue, surrendering it, and surviving.

Fixed at deployment

Pair, fee, split, cap, curve, pinned math, hook bytecode, and every recipient address.

No admin surface

No owner, governance, upgrade proxy, pause switch, rescue function, fee switch, or cap reset.

No human allocation

The post-cap tail belongs to the hook and can leave only through buys.

The factory verifies the exact creation code and pinned arithmetic used by every market it launches, and rejects anything that does not match. A market cannot quietly substitute different math behind the same interface.

This interface is not a controller. Anyone may read the contracts, trade through another front end, or build a replacement. If our hosting disappears, the market keeps working.

Guaranteed

The floor ratio rises after every successful canonical trade.

Not guaranteed

That market price rises, holds, or stays above any particular level.

Your responsibility

Verify the network, the contract address, the quote, and your minimum output.

Nothing here depends on believing a team. It depends on arithmetic, custody, and code that cannot be rewritten — including by us.