Protocol
The mechanism.
Plouto has one input and three outputs. Trading activity on the Pons V2 market produces creator fees in ETH; those fees buy and retire PLOUTO, pay locked stakers, and build a reserve. Nothing is minted to fund any of it.
Revenue routing
One epoch, three destinations.
Every claimed epoch is split by an immutable rule. Integer-division dust falls to the reserve share, so the three parts always sum to exactly the amount routed.
Source
Pons creator fees
Claimed in ETH from the fee escrow
Router
Plouto Revenue Router
Immutable 60 / 30 / 10 · no admin override
Gravity
Commitment is the only multiplier.
Staking creates a position with a fixed lock. That lock sets the position’s weight — its Gravity — and ETH rewards are divided in proportion to it. A wallet may hold any number of positions.
Rewards can be claimed at any time without unlocking principal. Principal is withdrawable only at maturity. If fee revenue arrives while nothing is staked, it is held rather than lost and goes to the first eligible stake.
7 days
604,800 seconds
1×
30 days
2,592,000 seconds
1.5×
90 days
7,776,000 seconds
2.5×
Architecture
Five contracts, no proxies.
Small, immutable contracts with one-time initialization, rather than upgradeable proxies. What is deployed is what runs.
- 01
PloutoRegistry
Canonical address book
Stores the official Pons factory and escrow, the expected launcher, and the four protocol contracts. Registers PLOUTO exactly once through a validated, one-way function. After that the token and curve addresses can never change.
- 02
PloutoRevenueRouter
Pons creator-fee recipient
The address handed to Pons at launch. Claims from the fee escrow, credits only the measured ETH balance delta, and splits it 60 / 30 / 10. The percentages are constants; there is no admin path to change them and no generic arbitrary-call function anywhere in it.
- 03
GravityStaking
Fixed-term locks, ETH rewards
Holds staked PLOUTO and divides ETH rewards by a cumulative reward-per-weight accumulator. New positions open at the current accumulator value, so they cannot claim rewards that accrued before they existed.
- 04
BuybackExecutor
Market purchase and retirement
Spends the buyback allocation on the canonical route — the Pons bonding curve before graduation, the Pons Uniswap v4 pool after — and retires everything it acquires. Bounded by a non-zero slippage floor, a deadline, size caps and an on-chain price-impact limit.
- 05
PloutoReserve
Timelocked protocol reserve
Receives the reserve share. Every outflow is proposed with an explicit purpose, waits out a timelock, and can be vetoed by a guardian. There is no instant single-EOA withdrawal.
Limits
What Plouto does not do.
No emissions
No PLOUTO is minted to pay stakers. Every reward is ETH the protocol actually received.
No promised APY
Returns depend entirely on trading activity. If no fees arrive, no rewards are distributed.
No price guarantee
Contraction reduces circulating supply. It does not guarantee price appreciation, and nothing here says otherwise.
