How WAFER works, and every address behind it. Every number on this page is read from the same config the app runs on.
Every contract’s source and its security-review notes will be public. The address is not live yet.
A round will not open until the pot reaches $100. Once it does, it spends the whole pot — there is no per-round cap and nothing is held back for the next one.
Contract · COMING SOON
WAFER pays tokenized stock to wafer holders on Robinhood Chain. You bond a wafer you already own — it never leaves your wallet, and nothing is wrapped, fused or transferred. A bond is a record against the token you hold.
Every 24 hours the protocol spends its pot on stock and credits it to the addresses that own bonded wafers, split by the stocks each wafer picked. Rewards are booked to the address, not the token, so a transfer never strands what you have already earned.
Earning and claiming run on different clocks. Your wafers earn every 24 hours, as each round credits them — but you take the accumulated stack every 7 days, when the claim window opens. Nothing is lost while it is shut; it is stacking up.
Four collections earn: Dies, Slices, Wafers and Dark Wafers. What a piece earns is its bond tier multiplied by its collection weight, so a Dark Wafer at a given tier earns twenty times what a Die earns at the same tier.
A Die is the small end of that ladder and the cheapest way onto it. Twenty-five of them burned in the Furnace become one Wafer instead — the same Die can forge, earn, or neither.
Weight is about rewards. It is not what the anvil pays — see the anvil below.
Bonding burns half the fee and sends the other half to the reward pot, and sets a tier from 1 to 5. A higher tier earns more, and upgrading later costs only the difference between the two tiers.
A bond belongs to the wafer, not to you. Sell the wafer and the bond goes with it — the new owner bonds it again.
Bond costs are fixed in the contract. Upgrading later costs only the difference between the two tiers.
What you earn is tokenized stock on Robinhood Chain — a token that tracks a real share. It is not the share itself: you hold a token, not an entry on a broker statement, and it carries no voting rights.
One token is not always one share. Every stock token carries a multiplier that says what one token is currently redeemable for. A corporate action moves that multiplier and leaves balances alone: your balance will not move, its meaning will. A dividend is paid by raising the multiplier rather than sending you cash — after a 2% dividend one token is redeemable for 1.02 shares. A split raises it too, in proportion. WAFER always shows you the share count after the multiplier, never the raw token number.
A split does not make you richer, because the price falls by as much as the multiplier rises. A dividend does, because the multiplier rises on its own. Either way the balance in your wallet is the same number it was.
Around a corporate action the price feed for a stock freezes and holds its last value while the change is applied. It restarts only once both the price and the multiplier reflect the new state, so it never publishes a half-applied number. While a feed is frozen a round will skip that stock rather than buy against a stale mark — nothing is lost, the pot keeps the money and the next round buys.
Every stock is identified by its token address, not its ticker. Names and symbols can be changed on chain, so a ticker is a label we print and an address is the thing we mean.
Your token balance never changes for a corporate action — only what each token is worth in shares. If you are checking a number against another app, make sure you are comparing shares to shares.
You can borrow against a wafer without giving up what it earns. A wafer locked as collateral stays bonded: it keeps its tier, it keeps its weight, and the rewards keep accruing to you for the whole term of the loan.
The wafer has to be bonded first. The loan only takes an actively bonded wafer as collateral, so an unbonded one cannot be borrowed against at any price. Bond it, then borrow against it — and it goes on earning the whole time it is locked.
This is a WAFER loan on our own contracts, not a link out to someone else’s. Terms are short and you pick one: 7 / 14 / 30 / 90 / 180 days.
Only liquidation resets the bond. That is a real change of owner, so it falls under the same rule as a sale — the new owner bonds it again.
Borrow is not open yet. The row in the sidebar is struck through on purpose.
A round opens at most every 24 hours and only when the pot has reached $100. Anyone can open one; a keeper does it daily at 16:00 UTC. It then spends the WHOLE pot — there is no per-round cap and nothing is held back for next time.
Claiming runs on its own, slower clock: it opens every 7 days and stays open for 48 hours. Your rewards keep accruing while the window is shut — the cycle governs when you can take them, not when you earn them.
A credit you do not claim within 30 days goes to the treasury in full. It cannot be recovered. The site warns you from 7 days out, and every credit shows the date it goes.
The anvil is a book that always has a price. Sell a wafer into it and you get $WAFER at the published bid; buy one off the shelf and you pay that price plus a fee. No listing, no waiting for a buyer.
What the anvil pays is not the rewards weight. A Wafer and a Dark Wafer fetch the same amount here, because the anvil prices what it can resell rather than what a wafer earns.
Selling a Dark Wafer to the anvil gets you a Wafer’s price. If you hold one, you will likely do better listing it.
One price, one wafer. The Box opens whichever has been on the shelf longest — the next in line. You can see which one that is before you pay, so there is no guessing involved.
The Box is not open yet.
The Furnace turns Dies into Wafers. Burn 25 Dies and 25,000 $WAFER for a Wafer.
Dies are the only thing the Furnace burns. Slices are never consumed — they are an earning collection like any other, and always were.
The wafers it hands out come from stock the desk seeded — the Furnace mints nothing. When a recipe runs out of stock it closes until it is restocked.
Burning is permanent. Wafers and Dark Wafers are never burned. A bonded Die can be burned, and its bond dies with it — the $WAFER already spent on that bond is not refunded.
Every fee WAFER collects splits the same way: 80% into the pot that buys stock for bonded wafers, 20% to run the protocol.
Each round also holds back 15% of the stock it buys and puts it into protocol-owned liquidity, whose income flows back into the pot.
Every contract WAFER can call. Ours and third-party, with the ones that do not exist yet marked as such.
Every address will be checkable on the Robinhood Chain explorer once the contract is live. Until then the line is COMING SOON.