Understand the journey.
How assets, new markets, and open liquidity fit together. Know what you own, how a trade works, and where the risks are.
The Orvia ecosystem
Orvia is a self-custody launchpad designed for Robinhood Chain. A creator chooses an approved Robinhood Stock Token as the reserve asset for a new launch token. Buyers and sellers use that reserve asset to trade against an onchain bonding curve.
The stock token and the launch token are different assets. Holding an Orvia launch token does not give you shares, a direct claim on the issuer, or a guaranteed value tied to the underlying stock. Its price is determined by trading and available liquidity.
Stock tokens are issued by Robinhood and remain subject to the issuer’s eligibility, transfer, and redemption terms. Orvia does not issue the stock tokens or provide a brokerage account.
Launching a market
- Connect an eligible wallet on Robinhood Chain, with ETH available for transaction fees.
- Choose an approved stock token, then set your launch token’s name, symbol, image, and description.
- Review the fixed supply, reserve target, fee split, and irreversible liquidity terms.
- Approve the creation transaction in your own wallet. The new token and its curve are created together.
Each launch has a fixed supply of one billion tokens. There is no privileged creator allocation or additional minting. The bonding curve sells 80% of the supply. The remaining 20% is reserved for initial liquidity at graduation.
The net reserve target is $4,000 at creation, converted into a fixed raw quantity of the selected stock token using a fresh, positive oracle price. The quantity is fixed; its subsequent dollar value can change with the stock token price.
Anyone can propose a launch using a supported reserve asset. A catalogue listing alone does not make an asset eligible: the protocol registry must also approve its contract and oracle.
The bonding curve
The curve uses a constant-product calculation with virtual reserves. Buying reduces available launch-token supply and increases the reserve balance; selling moves in the opposite direction. Your preview shows the expected output, fees, and minimum received before you sign.
| Launch supply | 1,000,000,000 |
|---|---|
| Curve allocation | 80% |
| Initial liquidity allocation | 20% |
| Curve trading fee | 1% |
| Graduated pool fee | 0.3% |
For total supply S and fixed reserve target R, the initial virtual reserves are 16S/15 launch tokens and R/3 reserve tokens. The curve ends at a marginal price of 5R/S, matching the initial pool ratio. Calculations use integer token units and explicit rounding. At the creation-time stock price, fully diluted value starts near $1,250 and reaches $20,000 at graduation. These are valuations, not the amount collected.
A purchase that would exceed the target is capped to the remaining curve allocation. Only the required reserve amount is spent. If graduation fails, the final purchase and graduation revert together.
Direct stock-token payment is the baseline. A USDG conversion is available only when a supported route produces an executable quote with a minimum-output bound. Reference prices are not promises of execution.
Raw tokens and share equivalents
Contracts account in raw ERC-20 units. The stock token’s multiplier determines its displayed share-equivalent quantity. Chainlink token prices already include that multiplier; it must not be applied again. Underlying-share prices from the issuer are adjusted once for a raw-token quote.
Graduation & liquidity
At the target, the remaining launch-token supply and accumulated net stock-token reserve create the initial full-range Uniswap v4 position. The pool becomes tradable only after the initial liquidity has been settled successfully.
The initial liquidity principal is permanently locked. It cannot be removed or transferred by the creator, treasury, or an administrator. When fees are collected, 50% is reinvested into the same permanent position. Unmatched amounts wait for the other asset; principal and initial rounding dust stay locked.
Other liquidity providers can open separate positions after graduation. They retain their own principal and earned fees and can withdraw their liquidity. Their fees are not subject to the creator and staking split.
A Uniswap pool does not guarantee indexing, routing, or listing on another trading interface. Orvia does not promise Axiom availability. External interfaces must independently support the chain, token pair, and pool design.
Staking & rewards
Curve fees split 40% to the creator, 40% to launch-token stakers, and 20% to treasury. Fees earned by the locked Uniswap position split 50% to liquidity, 20% to the creator, 20% to stakers, and 10% to treasury, subject to raw-unit rounding. Pool rewards can arrive in either token.
Anyone can use Reinvest & distribute fees on the liquidity page. Collection and distribution require wallet transactions; there is no background keeper. Independent LP fees belong to their position owners.
Actual staking rewards stream over seven days. Rewards depend on collected fees and your share of the staking balance; there is no fixed return or guaranteed yield. You can unstake principal without a withdrawal lock.
Periods with no stakers do not create retroactive rewards for later depositors. Rewards allocated to those periods, along with defined rounding dust, go to the treasury. Unclaimed earned rewards remain separately accounted for.
There is no additional protocol launch or basket fee in the initial design. Network transaction fees still apply.
Fixed baskets
A basket is an ERC-20 receipt for a fixed recipe of component tokens. Its component addresses and raw quantities per basket token are set at creation. It does not rebalance or promise a fixed dollar value.
Mint by depositing each required component in proportion to the requested basket amount. Redeem by returning basket tokens and receiving the corresponding components in kind. Prices, multipliers, and issuer restrictions can change independently for each component.
Review all component contracts and quantities before approving deposits. A basket inherits the liquidity, transfer restrictions, and issuer risks of the assets it contains.
Eligibility & access
Using a wallet does not override issuer restrictions. Access depends on your jurisdiction and the applicable Robinhood Stock Token terms. Public Orvia transaction services remain unavailable until an operator has configured and verified the access policy.
The interface may display an asset for informational purposes even when it is not available for launch or trading. An unavailable asset, stale oracle, missing route, or unsupported network cannot be bypassed through a price preview.
Connecting a wallet exposes its public address to the application. Signing an authentication message establishes a session; it does not itself authorize spending. Each token approval and transaction requires a separate wallet signature.
Launch metadata is published to IPFS. Treat names, images, descriptions, and links as public. Do not include personal or confidential information in token metadata.
Risk disclosures
You can lose the entire value committed to a launch token, basket, or liquidity position. Orvia launch tokens are community-created assets, with no guaranteed redemption value or stock-price tracking.
- Contract risk. Software defects, malicious tokens, compromised keys, and unforeseen interactions can cause loss. Local tests do not replace an independent audit.
- Market and liquidity risk. Prices can move sharply, transactions can be reordered, and executable liquidity can disappear. Slippage bounds reduce execution uncertainty but cannot guarantee profit.
- Issuer and oracle risk. Stock-token eligibility, redemption, transfer controls, multipliers, and oracle freshness affect availability and valuation.
- Liquidity-provider risk. Pool balances change as prices diverge. Depositing into a pool can underperform holding the assets separately.
- Network risk. Chain outages, RPC failures, reorganization, and transaction delays can affect the interface and finality.
- Governance risk. Administrative registry changes use a 48-hour delay and designated multisig governance. Existing immutable launch economics and permanently locked principal cannot be overridden.
Verify contract addresses and transaction details in your wallet. A price shown in the catalogue is informational and may differ from the amount available for a trade.