Feeverage docs
Feeverage is a token launchpad on Robinhood Chain. Every token launched here is wired to one leveraged perpetual position on Hyperliquid. Trading the token pays fees; the fees become margin; the margin is levered into the market the creator picked at launch.
| Piece | Where it lives | What it does |
|---|---|---|
| Token + bonding curve | Robinhood Chain | Price discovery from the first trade. Graduates to a Uniswap v4 pool. |
| Fee recipient | Robinhood Chain | Receives the creator share of every trade, for every Feeverage token. |
| Keeper | Feeverage server | Claims fees, bridges ETH to USDC, places orders, publishes live data. |
| Position account | Hyperliquid | One account per token. Holds the margin and the position. |
Getting started
- Press Connect wallet in the top-right corner, next to the Menu. You can sign in with MetaMask, Rabby, Coinbase Wallet, OKX Wallet, WalletConnect, or with email, Google or X. If you sign in without a wallet, one is created for you.
- Make sure the wallet has some ETH on Robinhood Chain for the launch fee, your first buy and gas.
- Choose Launch in the menu to create a token, or scroll the home page to browse and trade existing ones.
The menu also switches the language (English / 中文) and the theme (light / dark). Both choices are remembered on your device.
Launching a token
- Describe the token. Name, ticker, a direct link to a square logo image, a description and optional socials (X, Telegram, website). All of it is stored on-chain in the token contract.
- Pick the position. A Hyperliquid market (BTC, ETH, HYPE, SOL, XRP or DOGE), long or short, and a leverage from 1× to 20×. Leverage is also capped by the market's own maximum on Hyperliquid.
- Set the first buy. Your first buy happens in the same transaction as the launch, so nobody can buy before you. The minimum is 0.0001 ETH. You are exempt from the launch snipe tax.
- Optional extra trade tax. A percentage added on top of the base fee on every trade. It is paid in full to the position, so it makes the position grow faster, but it also makes the token more expensive to trade.
- Confirm. The site simulates the transaction first, so an error shows up before you pay any gas. One transaction creates the token, its bonding curve and your buy. You pay the launch fee, your first buy and gas.
The strategy line
Feeverage appends one line to your description that records the position, for example:
Fees → 5x LONG BTC on Hyperliquid · feeverage:BTC:L:5
Because it is part of the token's on-chain metadata, the strategy is public and can never be changed after launch. The keeper reads this line to know what to trade.
The position
Each token has exactly one position: the market, side and leverage chosen at launch. Every time new fees arrive, the keeper adds them as margin and opens more size in the same direction.
5% of every deposit stays aside to cover Hyperliquid trading fees and funding, so a fresh deposit does not sit right at the liquidation edge. Positions use cross margin: all the margin in the token's account backs the position.
- Orders are immediate-or-cancel limit orders at most 1% through the current price.
- Hyperliquid's minimum order is $10 of notional, so very small amounts wait until they add up.
- Feeverage never closes a position. It runs until it is liquidated.
Fees
Every buy and sell of a Feeverage token pays a trading fee, first on the bonding curve and later in the graduated pool. The fee is split between the launchpad protocol and the creator side. On Feeverage the whole creator side goes to the position, never to a person.
| Fee | Who sets it | Where it goes |
|---|---|---|
| Base trading fee | Launchpad protocol | Split: protocol share, the rest to the position |
| Extra trade tax (optional) | Creator, at launch (capped) | 100% to the position |
| Launch fee | Launchpad protocol | Protocol, paid once at launch |
| Bridge + Hyperliquid fees | Bridge and Hyperliquid | Taken from the token's own fees |
From fee to position
- Accrue. Fees build up inside the token's bonding curve.
- Release. They are released to the on-chain fee escrow when the curve is swept: at graduation, when the launchpad sweeps, or when the creator presses Push fees to the position on the token page.
- Claim. The keeper claims released ETH every few minutes and credits each token by its own fee events, so every token's money stays separate.
- Bridge. Once a token has at least $12 waiting, the keeper bridges that ETH to USDC on Hyperliquid, straight into the token's account. On each token this shows as Next top-up $x / $12.
- Trade. The new margin is levered into the token's market and side.
Live numbers
Prices on Feeverage are live. The ticker under the header streams Hyperliquid prices for every supported market and flashes green or red on each change. If Hyperliquid cannot be reached from your network, prices fall back to CoinGecko and Binance so they keep moving.
Every open position is re-marked against the live price of its own market every second:
For a short, size is negative, so the same formula gives profit when the price falls. Margin, notional, the health gauge and the totals at the top of the home page all update from the same live price.
| Number | Meaning |
|---|---|
| Tokens launched | Tokens launched through Feeverage. |
| Fees routed | Creator-side fees credited to positions, in ETH and USD. |
| Margin deployed | Current value of every token's Hyperliquid account. |
| Open notional | Total size of all open positions at the live price. |
| Unrealized PnL | Profit or loss of all open positions at the live price. |
| Funded | Fees already bridged into one token's position, in USD. |
| MCAP | Token price on its curve × total supply, in USD. |
Hyperliquid accounts
Every token gets its own Hyperliquid account, so positions never mix. The address is shown on the token page. Open it on Hyperliquid's explorer to check the margin, the entry price, every fill and the funding paid.
Liquidation & health
With leverage L, a fresh position is liquidated after a move against it of roughly:
| Leverage | Approx. move to liquidation |
|---|---|
| 2× | ≈ 49% |
| 5× | ≈ 19% |
| 10× | ≈ 9% |
| 20× | ≈ 4% |
The token page shows a live health gauge: Safe above 25% from liquidation, Healthy above 12%, Tight above 5%, and Danger below that. Because size is added over time, the average entry moves and the real liquidation price drifts. After a liquidation the account is empty; fees that arrive later open a fresh position with the same settings.
Curve & graduation
A new token trades on a constant-product bonding curve priced in ETH. The token page shows how much ETH the curve has taken in against its graduation threshold. When it fills, the curve graduates: its reserves seed a full-range Uniswap v4 pool on Robinhood Chain and the liquidity is locked permanently. Fees keep flowing to the position after graduation.
Buying & selling
Before graduation you can trade any token directly on its page: choose Buy or Sell, enter an amount and confirm in your wallet. The page shows a quote first and protects you with a 3% slippage limit. Selling asks for a one-time token approval. After graduation, trade the token in any Robinhood Chain swap app using its contract address.
Token list
The home page lists every Feeverage token. Sort by Newest, Live positions, Top PnL, Top MCAP, Most funded, Next top-up or Graduated, filter by All, Long or Short, and search by ticker, name, market or address. Each card shows the strategy, live PnL, market cap, funding and progress to the next top-up. Tap the address to copy it.
Your positions
Once your wallet is connected, the wallet button shows your address. Open it, or choose Positions in the menu, to see every Feeverage token you hold.
- ETH balance of your wallet on Robinhood Chain.
- Balance of each token, read from the token contract.
- Price of each token, read from its bonding curve, or from its Uniswap v4 pool after graduation, refreshed every 10 seconds.
- Average entry, from your own buys on the token's curve.
- Value and PnL in USD, re-marked every second with the live ETH price, plus how far the token has moved since your entry.
- Your trade history, with a link to every transaction.
Entry price and PnL count trades made on Feeverage bonding curves. Tokens you received another way show their value but no entry price.
Contracts
| Contract | Address |
|---|---|
| Network | Robinhood Chain mainnet |
| Launch router | 0xe33E9E479dF8802cb0866d5d05258bEc4cF62948 |
| Launch factory | 0x7eD598BcEf8bd9Edd8C97A195C6d13f40801EC7e |
| Fee escrow | 0xd3AFEB2a57f70eF218Aa82451c51B2fb0416Ac9e |
| Fee recipient | set in config |
Risks
- Leverage. Positions can be liquidated and the margin lost.
- Custody. Fees pass through the Feeverage fee recipient and keeper, and the Hyperliquid accounts are controlled by the keeper key.
- Bridging. Fees cross chains through a third-party bridge, which can be delayed.
- Smart contracts. Bugs in any contract involved can lose funds. Nothing here has been audited by Feeverage.
- Memecoins. A token's price can go to zero no matter how its position does.
FAQ
Does the position's profit go to holders?
Not automatically. The position is public and tied to the token, so it is part of the token's story, but profits stay in the token's Hyperliquid account.
Can the creator change the market or leverage later?
No. The strategy line is written into the token at launch and the keeper follows it.
Can the creator take the fees?
No. The creator side of the fee goes to the Feeverage fee recipient, which only funds positions.
Why does a token say "Opens at $12"?
Its fees have not reached the $12 top-up threshold yet, or they are still on the curve or being bridged.
Why do my numbers change every second?
PnL, margin and notional are re-marked against the live price of the token's market on every tick.