How refundsactually work.

A launchpad for memecoins on Robinhood Chain. Every coin is a normal Pons v2 coin: a bonding curve first, then a locked Uniswap v4 pool. The one difference is where its creator tax goes.

A Refundpad coin is launched with the Refundpad reserve as its Pons creator fee recipient. So its creator tax lands in the reserve, booked to that coin, and is used to pay back holders of that coin who lost money.

• Every buy starts its own clock. Once a buy has been held for 10 minutes, a loss on it counts.
• When you sell, we compare what you got against what you paid for those exact tokens, oldest buys first. Gains and covered losses are added up per coin.
• You are owed 50% of your net loss on a coin: covered losses minus all gains on that coin. Win on one trade and lose on another, and only the difference counts.
• Net loss counted per wallet per coin is capped at 0.5 ETH, so the most one wallet can earn back on one coin is 0.25 ETH.
• Buys in the first 10 seconds after launch are snipes and never covered. The creator's own wallet is never covered.
• Selling a buy before its 10 minutes are up is fine. That part is just not covered, win or lose.

A worker runs every few minutes. It reads every trade and token transfer from the chain, books gains and losses, collects the coins' fees into the reserve, and sends refunds. One ETH transfer per wallet, straight to the wallet that made the trades. There is nothing to claim.

• Each coin pays only from its own pool. A busy coin never drains a quiet one.
• If a pool can't cover everyone yet, everyone owed on that coin gets the same share of what they're owed. The rest follows as the coin earns more fees.
• Refunds under 0.00005 ETH wait until they grow, so gas doesn't eat them.
• One wallet receives at most 0.25 ETH per 24 hours across all coins, and at most 10% of any one coin's pool. Anything above that rolls into the next day.

• Refunds follow real balances. We track the exact token balance of every wallet from Transfer events. Tokens that leave a wallet without being sold are written off at no loss, most expensive first. Tokens that arrive by transfer count as free. Moving tokens around can only shrink a claim.
• The signer is the trader. A trade belongs to the wallet that signed the transaction, wherever the tokens were sent.
• Wash trading costs more than it pays. Every round trip pays the 1%–5% creator tax plus Pons' 1% fee, and a refund only ever returns half of a real, net loss. Losing 1 ETH to get 0.5 back is still losing.
• Snipers and devs are out. No coverage in the opening seconds, none for the creator.
• The pool is the ceiling. Nobody can be paid more than their coin has earned in fees, and no wallet takes more than 10% of a coin's pool in 24 hours. Two wallets trading against each other can't empty a pool that everyone else filled.

Pons holds each coin's fees in its fee escrow until the reserve sweeps and claims them. Only the current fee recipient can hand that role to someone else, so a creator can never redirect the tax after launch. Pons itself can only change it through a public 3 day timelock.

If a coin's fees ever stop reaching the reserve, it is marked as not covered. New buys stop counting, and everything already earned is still paid from what the coin collected.

Every refund is a plain ETH transfer from the reserve. Check any of them on the explorer.