09 / 14PROPOSEDA design; nothing here is deployed
Proposed direct-v4 launch
A future TAON / TAO market could charge a fee on eligible swaps, taken by a Uniswap v4 hook on the pool itself. It would supplement the reserve; it is not the product’s economic story, which is paid intelligence (02 Product mechanism). The proposed parameters:
| Parameter | Proposed value | State |
|---|---|---|
| Venue | A direct Uniswap v4 pool on Robinhood Chain, TAON paired with bridged TAO | PROPOSED |
| Launch path | A direct TAON / TAO Uniswap v4 pool with the TAONIC hook. Not a PONS launch: a PONS market uses PONS’s own hook and fee escrow, so this fee design could not apply to it. | PROPOSED |
| Wallet transfer tax | None. Wallet-to-wallet transfers are never charged. | PROPOSED |
| Eligible-swap fee | 1.25% | PROPOSED |
| Fee applies to | Eligible swaps in the TAONIC pool only; transfers, deposits and withdrawals never. | PROPOSED |
| Maximum fee | 2%, immutable in the hook | PROPOSED |
| Allocation changes | Behind a 7-day timelock | PROPOSED |
| Accounting | Onchain, per swap, readable by anyone | PROPOSED |
| Before any deployment | Hook-bypass analysis; Independent audit | NOT DEPLOYED |
fee(swap) = eligible(swap) ? amount_in × f : 0, with f ≤ f_max = 2%
- eligible
- a swap through the TAON/TAO pool the hook is attached to
- amount_in
- the swap’s input amount, in the asset the hook takes
- f
- the fee rate, proposed at 1.25%
- f_max
- a ceiling written into the hook that no one can raise
Why a v4 hook, and not a token tax
- Only eligible market trades are charged.
- Wallet transfers stay clean, so integrations need no special handling.
- The fee path is visible onchain, swap by swap.
- A permanent maximum can be enforced in code.
- TAO is already the paired asset, so no second conversion is needed.
What must be answered first
- Hook bypass: whether trades can route around the hooked pool (another pool, another venue), and what share of volume would be eligible at all.
- Which asset the hook takes the fee in, and whether converting it costs price impact.
- Depth: how much TAO liquidity exists on Robinhood Chain to buy into.
- An independent audit of the hook and every contract it touches.
Nothing is deployed until each gate is passed in order and its evidence is published. None has passed.
- Written owner approval of the constitution, item by item.
- Legal and tax review, with written advice.
- Charging live and at least one period of reconciled product accounting.
- A 3-of-5 multisig and a 7-day timelock, deployed and tested, with named independent signers.
- The hook and token written and fork-tested, with every safety invariant tested.
- The hook-bypass analysis completed and published.
- An independent audit completed and its report published.
- TAO depth on Robinhood Chain measured, and the initial liquidity sized against it.
- The reserve address and its evidence format published.
- The public site stating the deployed addresses, read from the chain.
Every state on this page matches Status. Where they ever differ, Status is right and this page is a defect.