Questions

A pToken is an Arcus product: a perpetual futures position on an RWA or crypto market, at a fixed leverage, wrapped as a normal ERC-20 on Robinhood Chain. pHOOD3x tracks 3x the move of Robinhood's HOOD stock; pBTC tracks BTC at 1x; sBTC3x is a 3x short. Arcus manages the position and rebalances it; you just hold the token.

Read Arcus's own explainer: pTokens: a new primitive on Arcus, or go to arcus.xyz.

Because the pair sets what your token is worth in the real world. A Vectis token is priced in its pToken. If pHOOD3x doubles and nobody trades, the token's price in pHOOD3x is unchanged — which means its dollar price and market cap have doubled. Every holder is implicitly holding a leveraged position — 3x HOOD, 3x BTC, or whatever the pToken tracks — without opening one.

The same is true of the rewards. Holders are paid in the pToken, not in a stablecoin, so dividends sitting in your wallet can grow on their own. Two things can go up without a single new buyer: what your token is worth, and what you've already been paid.

It works in reverse too. A 10% drop in HOOD is roughly a 30% drop in pHOOD3x, and every token paired to it moves with it. Leverage is the product, not a bonus. Read the mechanics in Arcus's own words: pTokens: a new primitive on Arcus.

This is a bet on Robinhood Chain. Tokenized stocks and leveraged pTokens on a chain with cheap gas is what makes pairing a memecoin to "3x HOOD" possible at all. Vectis is built for that.

The ones Arcus has launched so far:

pHOOD3x — HOOD, 3x long · pBTC3x — BTC, 3x long · pBTC — BTC, 1x long · sBTC3x — BTC, 3x short · sBTC — BTC, 1x short

As Arcus releases more pTokens, we add them. Adding a pToken is the only thing the Vectis team can change about the protocol; everything else is fixed in the contracts.

Every Vectis token trades in a Uniswap v4 pool against a pToken, and every pool charges a flat 3% fee. The entire supply sits in that pool as one locked position owned by the Vectis Locker, so every fee the pool earns lands in the Locker — and the Locker's only job is to split it.

On a buy, the fee is paid in pToken: 2% goes to holders of the token, pro rata to how much they hold; 1% goes to Vectis — 0.75% as protocol revenue and 0.25% to a buyback wallet that market-buys the Vectis platform token. On a sell, the fee is paid in the token being sold, and all 3% is burned.

A keeper collects and splits the fees every 15 minutes, burning the token side in the same transaction, and pushes rewards to wallets for anyone owed at least 0.02 pToken. Smaller amounts keep accumulating and are paid once they cross that line. You can also claim yourself at any time from the token's page.

A bonding curve is a pretend market that later migrates to a real one — and that migration is where launches get messy: a price cliff, a liquidity gap, a window for bots. On Vectis the real Uniswap v4 pool exists in the same transaction as the token, with the entire supply locked in it. The pool is the curve from the first block. There's no graduation because there's nothing to graduate to.

Thinner than a graduated pair at the very start — thicker than one for the rest of the token's life. Here's the math.

A Vectis pool is itself a bonding curve: the full supply sits in one full-range position against a virtual pToken reserve V (sized so a token starts at about $2K). What's different is what happens next. On a launchpad the curve is a pre-market that dumps into a new pool at graduation (roughly $69K) with a market cap to liquidity ratio around 5 : 1, and from there the ratio only widens. On Vectis nothing migrates: 97% of every pToken anyone ever pays in stays in the pool — the Locker that owns the position has no withdraw function — so the pool deepens with every buy.

If buyers have paid in x pTokens: market cap = (V + x)² / V, liquidity = 2 × 0.97 x, so the ratio is (V + x)² / (1.94 · V · x). It bottoms out near 2 : 1 when x = V (about 4× the launch price), then grows with the square root of price like any constant-product pool — just from a much better starting point. At the same market cap a Vectis pool holds roughly 1.5× the liquidity of a graduated pair, and it's tradable on Uniswap and every terminal from block one rather than from $69K.

Market cap : liquidity as terminals report it (quote side × 2), buys only; sells move both sides symmetrically. Vectis curve assumes a $2K start and the 3% pool fee. The pump.fun line assumes 5 : 1 at a $69K graduation and a plain constant-product pool after.

The honest caveat: in the first minutes, before much has been bought, the ratio is high — a $2K token with $200 in the pool reads as 10 : 1. That's the same shape every curve has before it fills; the difference is that a Vectis token is already trading everywhere while it fills.

Token, pool, and locked liquidity are created atomically, so there's no gap between "token exists" and "you can buy" for a bot to exploit. The creator can take an optional first buy inside that same transaction, capped at 10% of supply and charged the same 3% as every other buy. After that, everyone buys from the same pool at the same price.

For the first 5 minutes after a token is created, no wallet can hold more than 2% of supply, including by transfer. It switches off automatically at the 5-minute mark. Contracts are exempt (the pool has to hold the supply), and so is the creator, whose atomic first buy is capped at 10% instead.

The point is that nobody can scoop a launch. A bot in block one gets 2% at most, and so does everyone else until the token has been out for five minutes — after that it's an open market.

You don't need any. The whole supply goes into the pool as a single-sided position starting at a fixed market cap; the first buyer's pToken is the first pToken in the pool. If you want a first buy of your own, you'll need pToken for that: buy it on Uniswap or mint it on Arcus.

One thing: add a pToken to the allowlist so people can launch against it. Nothing can be removed, paused, or edited. The 3% fee, the 2/1 split on buys, the 3% burn on sells, the 1B supply, the locked liquidity, the launch fee and the creator-buy cap are all fixed in the contracts. Every contract is verified on Blockscout, linked from each token's page.

Two layers. The token itself is a memecoin and can go to zero. The pToken it's paired to is a 3x leveraged position: it moves three times as hard as the underlying, carries hourly funding and rebalancing costs, and can lose most of its value in a fast move. Arcus can also pause transfers of a pToken; if that happens, trading and rewards for tokens paired to it pause too. Nothing on this site is financial advice.

Nothing is lost. Rewards accrue inside the contracts regardless of the keeper; it only pays the gas to push them out. If it's down, the Claim button on every token page still works — you pay your own gas and get exactly what you're owed.

A flat 0.0069 ETH launch fee plus gas. No pToken required unless you want a first buy. There's no creator fee share: creators earn by holding their own token, like everyone else.

Both work. The 3% pool fee applies wherever the trade comes from — it's the pool's own fee, not something this site adds. Trades made through the swap box on vectis.family carry an additional 0.25% interface fee on the output, which funds the site; trading directly on Uniswap doesn't.