What is Plouto?

Plouto turns trading fees into three things: permanently retired supply, ETH paid to locked stakers, and a protocol reserve. It creates none of them from thin air.

PLOUTO trades on a Pons V2 market on Robinhood Chain. Every trade pays the standard Pons fee, and a share of that fee is directed to an address Plouto controls. That ETH — and only that ETH — funds everything the protocol does.

What it is not

It is worth being precise early, because several protocols that look similar work very differently.

• Not a yield farm. There is no emission schedule. No PLOUTO is created to pay a staker.
• Not a promised rate. There is no APY anywhere in the interface or the contracts, because the protocol has no way to know what future fee revenue will be.
• Not a price guarantee. Removing supply from circulation is a supply-side fact. It is not a claim about price, and Plouto never makes one.
• Not a Robinhood product. Plouto runs on Robinhood Chain. It is independent, and is not affiliated with, endorsed by or sponsored by Robinhood.

The three destinations

Every claimed epoch of revenue is split by a rule fixed in the contract as a constant. No administrator can change it after deployment.

The percentages are BUYBACK_BPS = 6000, STAKER_BPS = 3000 and RESERVE_BPS = 1000 in PloutoRevenueRouter. They sum to BPS = 10000, and the constructor asserts exactly that.

Dual contraction

PLOUTO leaves circulation in two independent ways, and this documentation keeps them apart everywhere.

Temporary

Staking locks tokens for a fixed term. They cannot be sold while locked, and they return to circulation at maturity. Reversible by design.

Permanent

Fee-funded market purchases are retired. Those tokens never come back. Retirement is either a real burn that reduces totalSupply(), or a transfer to an unrecoverable address that does not.

The difference between those two retirement mechanisms matters enough that it has its own page. Plouto reports them as separate figures and never describes a dead-address transfer as a reduction in reported total supply.

The vocabulary

Five words appear constantly. They are defined precisely elsewhere, but in short:

Where to go next

To understand the mechanism, read revenue epochs then the Core. To take part, start with the participant guides. To verify claims rather than take them, go to deployments and proof.