Pons has announced its V2 upgrade for Robinhood Chain with significant improvements including an ETH-based bonding curve, Uniswap V4 integration, and creator payouts in ETH by default. According to the Pons team announcement, the update is scheduled for next week and will redesign how tokens launch, trade, and transition into decentralized liquidity pools on Robinhood Chain. The team stated that contracts are still undergoing audits with two partners, meaning every feature remains subject to change until deployment. The most structurally meaningful change is the move to an ETH-denominated bonding curve for new token launches, where tokens stay on the bonding curve until they hit the 4.2 ETH graduation threshold, at which point an automated two-step process migrates the accumulated liquidity into a permanently locked full-range Uniswap V4 position.
The V2 update introduces custom trading pairs including tokenized assets such as USDG, NVDA, AAPL, and HOOD, with the addition of Real World Asset (RWA) trading pairs as part of the upgrade. As reported by Pons, trading restrictions for regular wallets are removed entirely, while only developer wallets will retain configurable restrictions. This change is intended to eliminate failed transactions experienced by third-party trading applications under the earlier version. Developers will be able to launch tokens against custom trading pairs instead of ETH alone, allowing them to create markets tied to tokenized real-world assets or other supported tokens. The upgrade also enables fee conversion within the liquidity pool using Hooks, allowing creators to receive ETH by default instead of accumulating fees in the launched token, eliminating the need for creators to touch the token market.
Pons plans to redesign how creators and the protocol collect fees using Uniswap V4 pools and Hooks so creators receive payouts in ETH by default instead of accumulating fees in the launched token. According to the announcement, fee conversion occurs within the liquidity pool, allowing creators to avoid receiving small balances of memecoins that might otherwise be sold on the open market. Liquidity migration has been redesigned with new tokens remaining on the bonding curve until reaching 4.2 ETH, the same graduation threshold used previously. Once this level is reached, an automated two-step process will transfer liquidity into a permanently locked full-range Uniswap V4 position. Creators will have the option at deployment to receive protocol fees in another supported asset, including stablecoins or tokenized real-world assets such as USDG, allowing deployers to receive more predictable payouts or gain exposure to different assets instead of relying entirely on their token's market performance.
The upgrade comes as Robinhood Chain continues rapid growth, surpassing $300 million in total value locked and emerging as one of the busiest Ethereum Layer 2 networks for speculative trading. According to FalconX research, Robinhood Chain had accumulated approximately $431 million in total value locked, nearly $400 million in stablecoin market capitalization, and close to $9 billion in cumulative decentralized exchange volume within three weeks of launch. Despite the network's long-term focus on tokenized financial products, speculative memecoin trading continues to dominate with more than 80% of DEX activity coming from memecoin trading. As reported by AMBCrypto, 63% of traders were facing losses, and only 46 wallets have made profits exceeding $1 million, with the platform positioned to onboard millions of users onchain. The introduction of custom RWA trading pairs in Pons V2 directly supports Robinhood Chain's stated focus on RWAs, with tokenized stock market cap growth and functional onchain utility potentially driving organic adoption.
Pons will introduce a CTO feature protected by a three-day timelock after an oversight in V1 contracts prevented protocol administrators from changing the fee recipient. The platform also plans to add an optional transaction tax applied to token purchases and sales, with integration partners able to use collected fees for yield generation or other holder incentives through reflection-style token models. The specific use cases for this tax are flexible by design, adding a meaningful governance lever for token deployers building more complex economic structures around their communities. The upgrade is scheduled for next week, though the team noted that contracts are still undergoing audits with two partners, which means every feature remains subject to change until the final deployment. The timing reflects the competitive pressure in the Robinhood Chain launchpad space, positioning Pons as a more technically sophisticated alternative with features that none of the current competitors have publicly matched.
