The $WSB token

What $WSB is#

$WSB is the protocol token. It launches on the Pons bonding curve like every index token — 1 billion fixed supply, no team allocation, no pre-sale, no airdrop. Everyone buys the same way.

It is not a governance token in the classical sense. Its purpose is economic: as the protocol earns fees from every WSB-launched index, a share of those fees permanently reduces the circulating supply of $WSB.

The burn flywheel#

Every buy/sell of any WSB-launched index token sends fees to a per-index vault. Those fees are split: 70% grows the index's basket, 15% pays the index creator, and 15% flows to the protocol treasury as USDG.

Of that treasury USDG, 70% is used by the WSBBuybacker contract to buy $WSB from the Uniswap V4 USDG/$WSB pool. The bought $WSB is immediately sent to 0x000…dEaD — a wallet no one controls. Effective circulating supply only shrinks.

The remaining 30% of treasury USDG is retained for protocol operations (audits, infrastructure, development). No new $WSB is ever minted.

index trade → 15% to treasury → 70% buy $WSB → burn to 0x…dEaD

Why volume creates scarcity#

Fixed supply + continuous buybacks = monotonic circulating-supply reduction. If any WSB index generates fees, $WSB gets scarcer. The more successful indexes launch, the faster $WSB burns.

This is the same value-accrual pattern used by MakerDAO (MKR surplus buffer), Binance (BNB burn), and PancakeSwap (CAKE burn) — with two differences: (1) our burn source is protocol-wide index fees, not one product; (2) supply is capped by Pons's fixed-launch model, not by an inflation schedule that gets burned back down.

The WSBBuybacker contract#

Buybacks are permissionless. Anyone can call WSBBuybacker.buyback(minWsbOut, deadline) once the treasury has enough USDG. The caller earns a small keeper bounty (0.1% of the buyback, capped at 100 USDG). MEV bots and the WSB protocol's own keeper both compete to trigger it.

The bought $WSB is transferred to 0x000000000000000000000000000000000000dEaD in the same transaction. Every burn emits a Burned event, indexed by the WSB subgraph so it appears in the protocol's public burn ledger.

How to acquire $WSB#

• Launch phaseBuy from the Pons bonding curve at the prevailing curve price. Price rises as more $WSB is bought — early buyers get more per USDG.
• Post-graduationBuy from the Uniswap V4 USDG/$WSB pool on Robinhood Chain. Liquidity is permanently locked by Pons at graduation; no LP rug is possible.
• From protocol earningsIf you launch an index that earns creator fees (15% of each trade), those fees arrive as USDG — swap them for $WSB on Uniswap V4 if you want to compound your position into the protocol token.

No inflation, ever#

The Pons launcher token is a plain ERC-20 with fixed 1B supply. It has no mint function callable by anyone — not the team, not the DAO, not a governance contract. The number of $WSB in existence is set once, at launch, and only ever decreases through buyback-and-burn.

Status#

$WSB launches when the WSB protocol goes live. Follow announcements for the exact launch block. Once launched, the $WSB tab on the site will show real-time circulating supply, total burned, and buyback history.