What is Degenland

A creator picks a name, a ticker and an image, pays a flat launch fee of 0.002 ETH, and gets a token with a fixed supply and no owner powers. The token trades on a bonding curve - a formula, not an order book - where every buy moves the price up and every sell moves it down. When enough has been bought, the token graduates: the raised ETH and the reserved supply are deposited into a Uniswap V3 pool whose liquidity position the launchpad holds forever. Every trade pays a fee, and most of that fee goes to the token's creator - who can take it in ETH, burn it, share it with stakers, or (on Robinhood Chain, once live) convert it into real tokenized stock.

• Launch. One transaction deploys the token, opens its curve, and can include an atomic first buy for the creator (capped at 2% of supply). Name, ticker, supply and every economic setting are fixed at this moment, permanently. See Launching a token.
• Bonding. The token trades against the curve. Price is deterministic: it depends only on how much has been bought, never on a market maker. An optional anti-sniper cap limits any single wallet to 2% of supply during this phase.
• Completion. The curve has a hard target - by default it fills after 4 ETH of net buying. The buy that reaches the target is charged only what the curve still needs; anything extra is refunded.
• Graduation. A keeper moves the raised ETH plus the reserved ~26.7% of supply into a full-range Uniswap V3 position. The LP NFT stays in the launchpad contract forever - it can collect fees but can never withdraw the liquidity. The token contract's ownership is renounced at the same moment.
• Open market. From then on the token trades on Uniswap like any other ERC-20. Creator fee earnings continue from the locked position's trading fees.

Every bonding-curve launchpad shares the same core mechanics. Degenland differs in three deliberate ways:

• Stock-native features. Robinhood Chain settles tokenized equities as plain ERC-20s, each with a Chainlink price feed. Degenland already benchmarks every token against SPY live on the site, and has built (pending audit) fee routing that pays creators - and even a memecoin's stakers - in tokenized stock. On any other chain this would be a synthetic wrapper; here it is a token transfer. Details in Tokenized equities.
• Creator-first economics. The creator picks the rate they earn (0.5%-3%) at launch and keeps all of it - 1.00% of volume at the default tier. The platform's flat 0.35% rides on top rather than coming out of it, so moving up a tier costs the creator nothing. The full arithmetic is in Fees & earnings.
• Transparency as a product. The LP lock is structural, not a promise. Locked and vesting supply is shown on the token page. The bundler is designed so that multi-wallet buys are permanently disclosed on-chain instead of hidden from scanners.

Honest docs say what is guaranteed by code and what is not. Guaranteed by construction: tokens have no mint function, no pause, and lose their owner at graduation; the LP position cannot be withdrawn by anyone, including Degenland; a creator's fee percentage cannot be raised after launch by anyone, including admins. Still trusted: the launchpad contract is upgradeable behind a proxy (its admin is intended to be a multisig with a timelock on mainnet), background keepers run graduation and fee jobs, and an admin recovery path exists for curves whose graduation permanently fails - it only becomes callable 24 h after curve completion and sweeps to the platform treasury, never to an individual.

Degenland is deployed on Robinhood Chain. Other chains are listed in the app but not yet open for launches - a chain only flips on when its full launch, trade and graduation path has been verified end to end. Feature states used throughout these docs:

• Creating a token → Launching a token and Every launch option
• Which chains, and how they differ → Chains & venues
• The maths → The bonding curve and Graduation
• Who earns what → Fees & earnings
• The equity story → Tokenized equities
• Quick answers → FAQ · Glossary