Staking, unstaking & burns

1. Overview

$KPOP is a fixed-supply ERC-20 on Robinhood Chain. One billion tokens were minted at launch. There is no mint function and token ownership is renounced, so nobody can change the token contract itself.

Three separate mechanisms reduce circulating supply or move value between holders:

• Burning sends $KPOP to the dead address (0x…dEaD). Those tokens can never move again.
• Staking locks $KPOP in a separate rewards contract. Stakers compete for WETH paid out once every 24 hours.
• Trading fees on every swap split value between liquidity providers, the creator wallet, and the staking pool.

Staking and burning are independent. Burning does not stake for you, and staking does not burn your tokens.

2. Where rewards come from

Every swap on the main $KPOP pool carries a 0.5% fee. Half of that (0.25%) goes to liquidity providers. The other half (0.25%) goes to the creator wallet, arriving as a mix of WETH and $KPOP depending on the direction of the trade.

From the creator's share, value is split again by an automated script that sends tokens to the right addresses. The split is:

Nothing in this flow swaps $KPOP for WETH to fund rewards. Stakers are paid in WETH that already arrived as WETH.

Rewards are not emitted and never guaranteed. There is no schedule and no APY. Payouts can be halted at any time and require buy volume on $KPOP to fund the creator fee share. If buy volume drops, the pool stays empty and payouts stop.

3. Staking

Staking means locking $KPOP inside the KpopStakingRewards contract. Your tokens stay there until you withdraw them. The contract holds them as plain ERC-20 balance: it does not wrap them or mint a receipt token.

How to stake

1. Connect a wallet on Robinhood Chain (chain ID 4663).
2. Approve the staking contract to spend your $KPOP.
3. Call stake(amount) with a flat ETH fee attached (see below).

The ETH fee is required on every stake and unstake. It accumulates inside the contract and reimburses whoever triggers the daily payout for their gas. The live fee is 0.00002 ETH. Treat that as a floor: attach more and the excess is returned. The owner can adjust the fee but cannot set it above 0.0005 ETH, so exits cannot be priced out of reach.

Minimum stake

minStake is 1,000,000 $KPOP, set once at deployment and never changed. Your first deposit must be at least that much. After you have an open position, you can top up with any amount.

Your total balance must stay at or above 1M to keep a ranked slot. Withdraw below that and you leave the paid board (but can still hold a smaller unranked balance). To open a fresh position again after a full exit, you must deposit at least 1M.

Dev wallet

An immutable dev wallet address is set in the constructor. It can stake and withdraw like any other wallet, but it is never ranked and never paid. It exists so the team's tokens can sit in the contract without occupying leaderboard slots.

4. Epochs & payouts

Time is divided into epochs of 24 hours each. When an epoch ends, anyone can call distributeEpoch() to settle it. That call is permissionless: a bot, a user, or the team can run it, and the caller gets a gas refund from the accumulated ETH fees.

At settlement the contract reads two things:

• The current ranked stakers (see section 6).
• The contract's entire WETH balance. That is the pool for this epoch.

The pool is split among the paid ranks with a 0.97 geometric decay: each rank's weight is 97% of the rank above it. The live board starts at 10 paid slots (owner can raise it later, never above 100). With all 10 filled, rank 1 takes about 11.43% of the pool and rank 10 about 8.69% (roughly 1.32×). Fewer than 10 ranked stakers means the same weights are renormalized over whoever is in, so each filled slot's cut rises.

Weight for rank n is 0.97^(n−1), then normalized so the filled ranks sum to 100%. Table assumes all 10 slots are filled. Stake size decides rank; payout size follows this schedule once you are ranked and eligible.

First epoch after launch

Every position opened during an epoch has a credited balance of zero for that same epoch. The first settlement after deploy therefore pays nobody even if the pool is funded. The WETH rolls forward to the next epoch. This is expected, not a bug.

Late payouts

If nobody calls distributeEpoch() on time, a later caller still settles the overdue epoch. The schedule anchors to the original 24-hour boundary so one late keeper does not permanently shift all future deadlines. Whole missed epochs are skipped rather than replayed one by one.

5. Eligibility rules

Eligibility uses a low-water mark. The first time you touch your position during an epoch (stake more or withdraw any amount), your balance at that moment is recorded. If that credited balance is zero, you earn nothing this epoch even if you are ranked. If it is above zero, you are eligible for your rank's decay weight. Credited size does not scale the payout; rank does.

These rules stop a wallet from opening one second before settlement, collecting a payout, and leaving in the same block. Ranking still follows current balance, so a mid-epoch top-up can steal a higher rank (and its weight) from someone else.

On the stake page, a position that earns nothing yet shows as "warming up". One that is eligible on less than its full balance shows the credited amount.

6. Ranking & the board

Only the top rankCap stakers by locked balance are eligible for WETH. The cap starts at 10 and can only be raised by the owner, never lowered, up to a hard ceiling of 100. Once you are ranked and eligible, your cut follows the 0.97 decay schedule in section 4.

The contract keeps a sorted list of ranked addresses. When you stake, you enter the list if you beat the weakest ranked staker and meet minStake. When you withdraw below the floor or to zero, you leave the list.

Fresh positions cannot evict incumbents

A wallet that opens a position during the current epoch has a credited balance of zero for that epoch. It cannot bump an existing ranked staker out of a slot, because doing so would deny someone a payout they already earned. A large new staker waits for a free slot or for the next epoch, when their credited balance is no longer zero.

poke()

Ranking normally updates only when the staker themselves transacts. If a ranked staker shrinks and a larger unranked staker exists, anyone can call the free, permissionless poke(address) function to promote the larger staker into the last slot. This keeps the board honest without requiring the bigger holder to pay another stake fee just to refresh their rank.

7. Unstaking

Unstaking is a partial or full withdraw of your locked $KPOP. Call withdraw(amount) or exit() to pull your entire balance, each with the same flat ETH fee as staking.

• Your $KPOP returns to your wallet immediately. Principal is never paid out as someone else's WETH reward.
• Withdrawing can drop your rank and, if you exit completely, sets credited balance to 0 so you earn nothing this epoch.
• After a withdraw you may drop in rank or leave the board entirely if you fall below minStake.
• The owner cannot block withdrawals. The ETH fee is capped, and the contract cannot recover staked $KPOP.

There is no lock-up period beyond the epoch rules above. You can leave whenever you are willing to pay the ETH fee and accept the effect on the current epoch's credited balance.

8. Burning

A burn is any $KPOP transfer to the dead address 0x000000000000000000000000000000000000dEaD. Standard ERC-20 transfers work: there is no special burn function on the token. Dead tokens cannot move again and count toward the burned supply shown on the burn leaderboard.

Voluntary wallet burns

Any holder can transfer $KPOP to the dead address from their own wallet. These show on the burn leaderboard by sender address. Connecting a wallet on the home page highlights your row.

Burn leaderboard

Burns do not earn WETH staking rewards and staking does not count as a burn. Voluntary burns on the landing page are prestige-only — they do not mint producer credits (those are not available on this site yet).

10. Contracts & addresses

Verify every address on Blockscout before you interact.

Stake only through /stake or by calling this contract directly. Source is verified on Blockscout; the repo copy lives in contracts/src/KpopStakingRewards.sol.

11. Risks & what is not promised