Bonding curve
Coin receives onchain liquidity
A pons launch sells out its bonding curve and graduates into a locked Uniswap v4 pool, or a new Uniswap or Ramses pool appears on Robinhood Chain.
Permissionless margin on Robinhood Chain. Trade majors, memecoins and pons graduates both ways, with transparent USDG margin.
$AMBI flywheel
$AMBI trades on pons as AMBI / USDG, so its creator fees arrive in USDG and become protocol-owned liquidity rather than sitting idle.
Liquidity is not leverage. Leverage is granted by the risk engine, market by market.
Liquidity makes a token visible. Only the risk engine can make it tradable on margin, one market at a time.
Every pool the indexer finds starts as DISCOVERED. Only markets that pass the risk engine earn leverage, and the engine can take it away again.
Bonding curve
A pons launch sells out its bonding curve and graduates into a locked Uniswap v4 pool, or a new Uniswap or Ramses pool appears on Robinhood Chain.
0 Robinhood Chain launches tracked
The indexer watches pons curves, graduated pons pools and approved Robinhood Chain AMMs. Nothing is tradable yet.
Risk factors
Ten deterministic factors, from depth and volatility to oracle quality and holder concentration. Same inputs, same answer.
The score picks a tier; hard gates can only lower it. Unsafe or unproven markets stay spot only.
Borrow USDG to go long, or borrow the asset to go short, inside the market's own limits. Start trading
One number decides whether a position lives. Below 1.00 it can be liquidated. It moves with the oracle price, accrued interest, collateral and size, and it is recomputed on every one of them.
HF = collateral value × LT ÷ debt value
Long: price may fall 1 − 1/HF before liquidation.
Short: price may rise HF − 1 before liquidation.
Simulated margin terminal • Live oracle prices
The tier fixes max leverage, liquidation threshold, penalty and size caps. The numbers below are defaults: governance can change them, the AI Risk Copilot can only explain them.
Deep liquidity
ETH, cbBTC and the deepest Robinhood Chain pools.
Medium liquidity
Established tokens and capped pons launches.
New or long-tail
Young launches that passed the gates.
Unsafe
Spot only until the market earns a tier.

Utilization
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Rates follow utilization. Past the kink, borrowing gets expensive fast.
USDG in the margin vault is lent to traders. Suppliers earn the borrow interest the traders pay, plus a share of liquidation penalties. Yields are variable and never guaranteed.
User liquidity
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Deposits from liquidity providers. Withdrawable while idle cash allows.
Protocol-owned liquidity
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$AMBI creator fees from pons, claimed in USDG and allocated by treasury rules.
Simulated rates. Loss waterfall: reserve first, then protocol-owned, then users.

AI Risk Copilot
Take-profit, stop-loss and liquidations run on deterministic keepers, whether a model is online or not. The copilot reads the same numbers you do and explains them.
It can
It never
Trade both ways. Leverage with rules you can read. Liquidity that stays onchain. Long or short any coin that earns a market.