fees always buy
whatever the vault
has least of.

Once all twelve slots hold at least one unit, burning $PHYL returns one unit of each of the twelve stocks. The vault never sells. No owner, no pause, no admin function, no oracle.

Follow along

Twelve slots

01———0
02———0
03———0
04———0
05———0
06———0
07———0
08———0
09———0
10———0
11———0
12———0

The roster of twelve tokenized stocks is fixed at deploy and can never change. It is not set yet, so every slot reads empty.

Status

One set costs: ———
Complete sets: 0
convert(): CLOSED
Last cycle: ———

These four values are read from the contract. The contract is not deployed, so they read empty.

How it works

01A launch on Pons designates a wallet that receives creator trading fees. PHYLUM points that wallet at an immutable contract instead of a person.
02The contract holds a roster of exactly twelve Stock Tokens, ERC-20s representing real equities, tradable 24/7 on Robinhood Chain. The roster is fixed at deploy.
03Whenever the contract holds at least 0.01 ETH in accumulated fees, anyone can call cycle(). It reads the twelve balances, finds the slot it holds the fewest units of, and spends the ETH buying that one. Always that one. Ties break by roster index. The caller keeps 0.5% as a gas reward.
04Once all twelve slots hold at least one unit, convert() opens. Burning circulating supply divided by the number of complete sets returns one unit of each of the twelve, transferred in kind.

Specification

Chain	Robinhood Chain, an Ethereum L2 built on the Arbitrum stack. Chain ID 4663.
Launchpad	Pons v2.
Roster	Twelve Stock Tokens, fixed at deploy, never changeable.
Unit	A fixed fraction of a share, identical across all twelve slots, set at deploy.
Cycle threshold	0.01 ETH of accumulated fees.
Caller reward	0.5% of the spent ETH, kept by whoever calls `cycle()`.
Selling	The vault never sells.
Controls	No owner, no pause, no admin function, no oracle, no off-chain keeper.

What can go wrong