How RWAPad works

Overview

RWAPad runs on Robinhood Chain (chain id 4663, an Arbitrum Orbit L2, gas in ETH). Every token is an ERC20 with a fixed supply of 1 billion — no mint function, ever. There are two levels:

ASSET

Represents a priced real-world object — the Mona Lisa, a banana, your car. The creator sets a reference price per unit in $, converted once at deploy time into an ETH price and locked into the pool’s starting tick. Paired against WETH. Reusable by an unlimited number of memes.

MEME

Paired against one ASSET — never against WETH directly. Kaiten-style bonding curve: a fixed opening market cap, ~80% of supply sold as the range is walked. Anti-snipe caps any single transaction to 0.5% of supply for the first 5 minutes.

Both pool types are single-sided (unilateral) Uniswap V3 positions: 100% of the 1B supply goes in at deploy, at one edge of the range. Nobody — including the creator — provides matching liquidity on the other side. There’s no rug because there’s nothing held back to rug.

How a launch works

1 — Price an asset (optional if one already exists)

AssetFactory.createAsset(name, symbol, imageURI, lore, loreUrl, refPriceUsd, initialTick, salt), payable 0.01 ETH. initialTick is computed off-chain from your $ price and the live ETH/USD rate, then rounded to the pool’s 200-tick spacing. A single unilateral WETH/ASSET position opens at that tick, sized to make the price nearly fixed — deep enough that ordinary trading barely moves it.

2 — Launch a meme

MemeFactory.createMeme(asset, name, symbol, imageURI, description, startFdvInAssetUnits, initialBuyMinOut, salt). The starting FDV is converted through the asset’s own live WETH/ASSET pool price and checked against on-chain bounds (0.2–4 ETH equivalent). An optional same-transaction initial buy is supported via msg.value.

3 — Trade

Buys and sells route through SwapRouter02.exactInput, multi-hop WETH → ASSET → MEME (and back). RwapadRouter wraps this into buyWithETH / sellForETH for anything that just wants to spend or receive native ETH — see Trading via the router.

4 — Claim fees

Every LP position is minted straight to FeeLocker and never leaves — no withdraw-principal function exists on that contract. Pool fees accrue in whatever token sits on each side; claimFees swaps them to ETH before paying out, split 50/50 between creator and protocol, on both ASSET and MEME positions alike.

Fees

Creating an asset

0.01 ETH, paid to the treasury, once.

Launching a meme

No creation fee.

Trading

1% per swap, on both pool types (WETH/ASSET and ASSET/MEME). Split exactly 50/50 between the asset’s or meme’s creator and the protocol treasury — the creator earns 0.5% of every trade, in ETH, claimable anytime through FeeLocker.claimFees.

Opening market cap

Fixed at 3 ETH-equivalent for every meme (converted to $ at the live rate — currently well over $2,000 per ETH, so a few thousand dollars). Not a creator choice: everyone opens at the same real starting liquidity depth.

Trading via the router

RwapadRouter is the entry point for bots and scripts — it wraps the multi-hop swap so a caller only has to think in native ETH:

buyMemeWithETH(meme, minOut, deadline)

Payable. Sends msg.value ETH → WETH → ASSET → MEME in one transaction, and reverts if the meme received is below minOut.

sellMemeForETH(meme, amountIn, minOut, deadline)

Requires an ERC20 approve first. Sells MEME → ASSET → WETH → native ETH, sent back to the caller.

buyAssetWithETH / sellAssetForETH

Same shape, one hop (WETH ↔ ASSET) — for trading an asset directly, not through a meme.

Quoting

quoteBuyMeme / quoteSellMeme / their asset-side equivalents are QuoterV2-backed — call them via eth_call (a plain read, never a transaction) to get an expected output before setting minOut.

Anti-snipe

For a meme’s first 5 minutes, any single transaction is capped at 0.5% of supply (enforced via transient storage — EIP-1153 — so it resets per transaction, not per block). A trade over that cap reverts with Uniswap’s generic transfer-failure error, not a named error.

Contracts

All four are verified on Blockscout. None of them has a withdraw-principal function — the only owner powers are the treasury address, the asset creation fee, and a meme’s FDV bounds.

Risk

Reference prices are not appraisals

Anyone can price anything at any number. A $ figure on RWAPad is a creator’s claim, not a valuation, an offer to sell the real object, or advice.

Single-sided liquidity moves in one direction

A unilateral position only has price room to move away from its genesis tick. That protects against the price falling below where it started — it does not protect against volatility above it, or against a meme’s price going to zero if nobody’s buying.

Smart contract risk

Audited, but audited is not risk-free. No contract here is upgradeable — a bug found after deploy cannot be patched in place.

No recourse

RWAPad does not custody funds, does not sell tokens, and does not sell the objects tokens reference. Trading is peer-to-pool, permissionless, and final.

FAQ

Can two memes pair against the same asset?

Yes — unlimited. An asset is reusable by any number of memes.

Can a meme change which asset it’s paired to?

No. The pairing is set at createMeme and is permanent.

Who can claim creator fees?

Only the position’s original creator, or the treasury — claimFees is not permissionless, to stop a third party from griefing the swap with a bad slippage setting.

What happens if the platform owner disappears?

Every user-facing flow — create, buy, sell, claim — keeps working. The only things that stop are the two owner-only knobs (asset creation fee, meme FDV bounds), which simply freeze at their last value.

Is there a presale or team allocation?

No. 100% of every token’s supply goes into its pool at launch.