Ziryqo: a tribute-and-treasury token with an executable floor

Abstract. We describe a fixed-supply token on Robinhood Chain in which a flat 3% transfer tribute funds two flows: a WETH revenue stream to holders, weighted by time held, and an on-chain treasury whose net asset value is redeemable pro-rata by burning the token. We argue that the combination — hard-asset dividends, an immutable fee, rail-locked liquidity and permissionless redemption — closes the specific failure modes documented in the 2021 reflection cohort while keeping its one genuine invention: paying people simply for holding.

1 · Motivation

Reflection tokens demonstrated real demand for passive, frictionless yield: no staking contract, no lockup, rewards that arrive because you exist. The cohort also demonstrated four failure modes: (i) rewards denominated in the token itself, which collapse with the price (the flagship fell more than 80% from peak); (ii) adjustable fees and admin switches (12 vulnerabilities in the flagship’s audit, including fee-to-100%); (iii) removable liquidity; (iv) unverifiable treasuries. Each element of this design is a response to one of those four.

2 · The tribute

Transfers through the pool pay a flat 3% — direction-independent, immutable at deployment, with no exclusion list. Of the gross tribute, 30% funds the holder stream (0.81% of raw volume) and the remainder accrues to the treasury. A separate 0.25% is the pool’s own fee and never leaves it.

3 · The stream

Stream entitlements are computed per block as balance × tier multiplier, normalized across all weighted balances. Tiers reward unbroken holding: 1.0× Associate, 1.5× Soldato, 2.0× Capo(at 7 and 30 days). Entitlements vest linearly over 14 days; a full exit forfeits unvested entitlements back to the stream. Payment is exclusively in WETH — the stream never mints, holds or pays the native token, removing the reflexive death spiral of self-denominated rewards.

4 · The treasury

Target allocation: 75% USDG, 15% WETH, 10% screened index (capped). USDG is the chain’s native stablecoin (~68% of chain stablecoin value); its network passes >90% of reserve yield to participants, and the chain’s Earn rate on it (~7%, Morpho-sourced) accrues to the cash sleeve. Rebalancing is bounded and rule-based; the treasury never buys the native token.

5 · Redemption and the floor

Define backing b = NAV / supply. Burning q tokens transfers q · b · (1 − 0.02) of each sleeve in kind to the burner and destroys q. The fee remainder stays in the treasury, so ∂b/∂(redemption) > 0: every exit raises the floor for remaining holders. Since fees and yield only add to NAV, and supply only decreases, b is monotonic in token terms; dollar-term NAV retains market risk from the non-cash sleeves, which we disclose rather than hedge away.

6 · Launch and liquidity

Deployment on Robinhood Chain (id 4663, mainnet 2026-07-01) via the chain’s standard launch rail, which settles into a Uniswap v4 pool with permanently locked liquidity — the lock is structural, not custodial. Supply is fixed at mint; there is no inflation schedule and no team unlock cliff to front-run.

7 · Risks

• Volume risk: the stream is a function of real trading volume and can be zero.
• Market risk: 25% of NAV is volatile.
• Rate risk: the cash-sleeve yield is a market rate, not a constant.
• Contract risk: audits reduce, never eliminate, the probability of defects.
• Price risk: the market price can trade below backing indefinitely; redemption bounds the loss only for those who use it.

This document describes mechanism design, not investment advice. $ZIRYQO is experimental; its price can go to zero. Ziryqo is not affiliated with or endorsed by Robinhood Markets, Inc.