WHAT RUNG IS
RUNG is a peer-to-peer performance market layer for Robinhood Chain launchpad assets. It does not launch tokens and does not trade against users. Markets unlock only after objective qualification thresholds.
Rules before
odds.
The product is simple only if the settlement rules are boringly explicit.
THE LADDER
A token enters at the $250K floor and climbs one rung at a time. Each rung is a single canonical market; the next rung unlocks only after the previous one settles upward. A rung that settles downward is recorded as failed and never duplicated.
P2P PAYOUTS
YES and NO stakes form two pari-mutuel pools. At settlement, winners receive their principal plus a pro-rata share of the losing pool after the protocol fee. RUNG has no directional balance sheet.
UNMATCHED MARKETS
If one side has no stake when the market resolves, the contract converts the result to VOID. Every player can reclaim principal and the protocol earns zero.
RESOLUTION
The pool contract trusts a dedicated resolver, not the frontend. The production resolver is quorum-signed: multiple approved reporters attest to the same observed threshold event and evidence hash.
EXPIRY
If neither barrier is reached before expiry, the resolver voids the market. A permissionless escape hatch can void an unresolved market after a six-hour grace window so funds cannot remain stuck indefinitely.
FEES
Default fee is 2% of the losing pool only, with an immutable 5% contract ceiling. Deposits are not taxed and winning principal is not taxed.
DISCOVERY
RUNG markets are limited to Ponsfamily tokens launched directly into Uniswap V3 on Robinhood Chain. Recorded Pons provenance is required before a token qualifies. Launchpad data qualifies candidates. The resolver decides market outcomes.
THE PROGRESSIVE LADDER
Rung definitions live in protocol/ladder.v1.json: one canonical market per rung, strict progression, failed rungs recorded once. Eligibility is computed by the ladder engine from indexed settlement history + live market cap.
RUNGENTRY FLOORDOWN BARRIERUP BARRIERLABEL
RUNG 1$250,000$100,000$1,000,000RUNG 1 · $250K → $1M
RUNG 2$1,000,000$400,000$5,000,000RUNG 2 · $1M → $5M
RUNG 3$5,000,000$2,000,000$20,000,000RUNG 3 · $5M → $20M
Qualification floor: $250,000 · protocol version v1
CONTRACTS
RungPool.sol holds USDC stake, positions, resolution state, claims and fees. QuorumResolver.sol verifies EIP-712 reporter signatures before resolving a market. The stake token address is configured per deployment.
ATTRIBUTION
The web wallet client supports builder attribution codes through ERC-8021 data suffixes when NEXT_PUBLIC_BUILDER_CODE is configured.
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