Documentation & risks

PONSHI is an independent protocol. Not affiliated with Robinhood Markets, Inc. Network names identify the chains and data sources used; they do not imply endorsement.

How it works

  1. Browse markets and review price readiness, leverage and available liquidity.
  2. Choose Paper Mode or Live Mode. Connecting a wallet is optional for reading these pages.
  3. A login signature proves wallet ownership; it is not a transfer. Live order, cancellation, staking and settlement transactions can move funds and require wallet approval.
  4. Orders need compatible opposite exposure to fill. Unfilled margin remains reserved until the order is filled or cancelled.
  5. Oracle prices and risk checks govern execution and settlement. Leverage can lead to liquidation and loss of your margin.

Markets and prices

PONS markets use bonding-curve data and supported graduated Uniswap pools. Pump.fun and StonkFun markets use Solana source data. Market discovery is separate from eligibility: a listed token may be warming up, unsupported, or blocked by price and risk checks. Only eligible markets with valid pricing can open exposure.

Oracles use freshness, price history and deviation checks. Backend services discover markets, prepare price data and match compatible demand. Live positions and margin are recorded in contracts on Robinhood Chain; Solana source tokens do not change the settlement network.

Orders, margin and exits

Entering a USD amount produces an estimated ETH amount. Review the ETH margin, leverage, fees, price range and transaction before approving. A pending order is not an open position. Cancel remainder releases unfilled reserved margin according to the contract rules.

Active positions can incur fees and liquidation. Closing can reduce opposite exposure under the clearing rules. Settlement returns remaining equity under the contract rules, not necessarily your original deposit. An unavailable or stale feed can delay execution and exits. Paper balances and results are simulated and are not redeemable funds.

Staking: one balance per wallet

Each wallet has one PONSHI stake. Deposits merge into that balance; separate flexible and locked stakes in the same wallet are not supported. Adding tokens restarts the lock for the entire balance using its existing lock duration, even after the previous lock expires. Flexible stakes have no lock. Accumulated rewards are preserved.

After the lock expires, RELOCK can select a new duration for the entire stake. Alternatively, withdraw the full balance and create a new stake. Transfer tokens through the staking function; a direct token transfer to the contract does not register a stake.

Wallet safety

The wallet ownership message identifies the address, chain, origin, nonce and expiry. Signing that message does not cost gas or transfer funds. Live transactions are separate actions: inspect their destination and value. Disconnecting does not cancel orders or close positions. Never share a recovery phrase or private key.

Risks

This is experimental software. You can lose all committed funds. Liquidity, fills, timely withdrawals, prices and service availability are not guaranteed. Smart contracts, oracles, RPC providers, matching services and keepers can fail. Insurance resources are finite. USD amounts are estimates converted into ETH; exchange rates and fees may change.

Never provide a seed phrase or private key. Read each wallet message and transaction, verify the network and contract destination, and keep ETH for gas. A listed token or external link is not an endorsement.

Official links

The public API is at api.ponshi.fun. Verify contract addresses using the app deployment information and explorer before signing a transaction.