When we started building Fathom a few months ago, we kept asking ourselves one thing: where is liquidity supposed to live on Robinhood Chain?
On Solana the answer is Meteora. LPs go there because they get to decide how their liquidity behaves, and traders go there because that's where the depth is. Robinhood Chain didn't have that yet, so that's what we set out to build.
Most of it is live now. You can LP in DLMM pools and shape your liquidity as Spot, Curve or Bid-Ask, or put it in a vault and let it rebalance itself (the first one, WETH/USDG, is open). New tokens can launch into DAMM pools whose fees move with volatility, and tokenized stocks get their own pools priced against Chainlink, with fees that change once the US market closes. One router ties it together with public Uniswap v4 pools and Pons launches, and every Pons token page has a button to open a Fathom pool for it.
The part we care about most is where the fees go. 20% of every swap fee in our pools gets converted to ETH and used to buy back and burn $FATHOM, and anyone can trigger that. We ran the whole thing on-chain earlier today, trade to burn, and posted every transaction.
It's still early. All 14 contracts are open source and verified, so you don't have to take our word for any of this. More pairs, more vaults and partner campaigns are coming.
Visit us: https://t.co/GW8H82vkQh
More information regarding everything and our plans is coming, follow the X account to stay informed.
We completed the end-to-end demonstration requested by @WatchersLabs. The video is long, so here is a step-by-step account of what we did, with on-chain transactions for each stage.
1. Starting without a Fathom pool
We began with no Fathom pool for the pair. The Swap interface selected Uniswap v4 by default. (Begin of video)
2. Adding liquidity
We created and funded a WETH/USDG DLMM pool with 0.25 WETH and 710 USDG.
Pool transaction: https://t.co/L3EBNYLMWS
3. Trading through the new pool
When we returned to Swap, the interface selected DLMM by default. We then made a 0.02 ETH trade, generating protocol fees.
Swap txhash:
https://t.co/ngoS4h917O
4. Converting fees and executing the buyback
In the Protocol tab, anyone can initiate the fee conversions and call the buyback. We converted the collected USDG and WETH, then executed the $FATHOM buyback.
USDG conversion:
https://t.co/0aICvZhybb
WETH conversion:
https://t.co/hGtmJN725b
Buyback:
https://t.co/84yPVd8gY9
The video shows the full sequence, from funding the pool to routing a trade, collecting and converting fees, and completing the buyback.
We would appreciate an updated review from @WatchersLabs based on the full demonstration and on-chain transactions above.
Thank you for your time and the work you’ve put into checking Fathom.
@31337___ $FATHOM at ~$70K.
This one is hilariously under the radar for the amount of tech already built.
Custom DLMM + auto-rebalancing vaults + tokenized stock liquidity infrastructure on Robinhood Chain.
Not a roadmap. It’s live.
Calls itself the “Meteora of Robinhood Chain.”