A tax that turns into liquidity.
LOOM has a 10% creator tax on every trade. That tax buys positions in tokenised stock pools. Every day at 18:00 UTC, 80% of what those positions earned is sent to holders in USDG. The rest is put back into the book.
Creator tax10%On every buy and sell
To holders80%Of what the book earns
Daily payout18:00 UTCPaid in USDG
Book valueNot live yetOpens when the desk is deployed
Where the tax goes
- Liquidity book9.81%
- Operations0.89%
- Pons keeps (theirs, not ours)0.3%
- Paid to holders in USDG80%
- Reinvested in the book20%
The two rules the contract enforces
Principal is never paid out. Money from the tax is the book's principal. The payout function cannot touch it, so holders are paid from earnings only, never from the book itself.
Earnings cannot be spent by the keeper. The keeper that runs the book can spend principal only. It cannot quietly put the holders' share back into positions.
The liquidity book
The liquidity desk is not deployed yet
When it is, every position shows here live: the pool, what it is worth, whether the price is inside its range, and the fees waiting to be collected.
How to buy LOOM
- Have a wallet on Robinhood Chain with a little ETH for gas.
- Open LOOM on Pons, the launchpad it trades on, and swap for it.
- Every buy and sell pays the 10% creator tax plus Pons' own 1% fee. A round trip costs you both ways.
- Hold it in a wallet you control. Contracts are excluded from payouts. Eligibility.
The Pons link goes live at launch
Contracts
- LoomDesk (LOOM) token
- Not deployed yet
- LiquidityDesk, holds the book
- Not deployed yet
- HolderRewards, pays holders
- Not deployed yet
- USDG, the payout currency
- 0x5fc5…d168 (opens Blockscout)
- Uniswap v3 position manager
- 0x7399…E0D3 (opens Blockscout)
Only trust addresses listed here and on the disclosures page.