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Punch Protocol · Issue No. 001

Every perp DEX rewards the winner. Punch remembers everyone else.

Lose toearn.

Onchain memecoins go perp.

Bad outcomes earn the highest PUNCH rate. Battle-tested onchain memecoins can grow from spot into live, capped leveraged markets.

Read idea one ↓Read idea two ↓
Flow EVM · KLP liveRobinhood Chain · next
The protocol hero
Punch logo
WHAM!
Built for the outcome
nobody else rewards
1XWin
3XLose
5XLiquidated
LOSE-TO-EARN★ONCHAIN MEMES GO PERP★FLOW EVM: KLP LIVE★ROBINHOOD CHAIN: NEXT★TWO CHAINS. ONE PUNCH TOKEN★LIQUIDATIONS PAY THE MOST★UP TO 5X TRADE-TO-EARN★FROTH.MEME → FROTHSWAP → PUNCH PERPS★PUNCH20 GRADUATED · LP BURNED★1B HARD CAP. ZERO INFLATION★50% OF FEES TO KLP★THE PERP DEX THAT PAYS YOU WHEN YOU LOSE★LOSE-TO-EARN★ONCHAIN MEMES GO PERP★FLOW EVM: KLP LIVE★ROBINHOOD CHAIN: NEXT★TWO CHAINS. ONE PUNCH TOKEN★LIQUIDATIONS PAY THE MOST★UP TO 5X TRADE-TO-EARN★FROTH.MEME → FROTHSWAP → PUNCH PERPS★PUNCH20 GRADUATED · LP BURNED★1B HARD CAP. ZERO INFLATION★50% OF FEES TO KLP★THE PERP DEX THAT PAYS YOU WHEN YOU LOSE★
Inside this issue

TWO IDEAS.
TWO CHAINS.

Flow proves the perp engine. Robinhood expands what can become a market. Lose-to-earn connects the trader experience across both.

IDEA A01

LOSE TO EARN.

Every eligible closed trade can earn PUNCH. Wins score 1x, realized losses 3x, and liquidations 5x. One deterministic reward rail, bounded so the loss always stays real.

OOF!
IDEA B02

MEMES GO PERP.

On Robinhood Chain, an onchain memecoin can launch in public, build permanent spot depth, season through paid activity, and earn eligibility for an isolated perp market.

SEND IT!

The deployment map

ONE TOKEN. SEPARATE RISK.

Cross-chain, not cross-contaminated
KLP LIVECHAIN 747

FLOW EVM

THE PROVEN PERP ENGINE

Flow is where Punch proves the majors system: WFLOW, WETH, and WBTC behind a Flow-native KLP. Deposits are live; oracle-priced trading opens next.

NEXTCHAIN 4663

ROBINHOOD

THE MARKET-EXPANSION ENGINE

Robinhood adds a separate majors KLP and an isolated dKLP for seasoned onchain memecoins: separate liquidity, contracts, fee accounting, and risk.

Open the protocol map →
Chapter 01 · Lose to earn

THE PAYOFF
FLIPS.

SAME VOLUME. DIFFERENT OUTCOME. BIGGER RATE.

Punch turns the part of the trade normally left empty into a deterministic token reward, without pretending the loss did not happen.

The whole mechanismELIGIBLE VOLUME × OUTCOME MULTIPLIER = PUNCH
  1. 1WINNING CLOSE
    1X

    BASELINE.

    Close in profit and eligible volume earns the standard PUNCH rate.

    NICE!
  2. 2REALIZED LOSS
    3X

    TRIPLE.

    Close in the red and the same eligible volume scores at three times the rate.

    OOF!
  3. 3LIQUIDATION
    5X

    MAXIMUM.

    Get liquidated and eligible volume scores at five times, the hard ceiling.

    K.O.!

Bounded by design

CAPPED. THROTTLED. FINITE.

Loss compensation lives in the 1x / 3x / 5x multiplier itself, bracketed by pool TVL and hard per-trader, per-epoch, and lifetime limits. When the allocation is exhausted, the mechanism turns off.

TVL BRACKETSEPOCH CAPLIFETIME CAPNO TOP-UPS
Inspect the reward math →
Chapter 02 · Onchain memes

Robinhood Chain / the market-formation pipeline

FROM
COIN TO
CONTRACT.

Punch does not list a meme because it is loud. It waits for a public market to prove durable liquidity and real price history. We chose froth.meme + FrothSwap to create that raw material.

Visit froth.meme ↗
LaunchpadFroth mascotBOND!
Perp marketPunch logoPERP!
Froth forms the market.
Punch bounds the leverage.

The four-panel origin story

LAUNCH → LIQUIDITY → LEVERAGE

No vibes-only listings
  1. 01FROTH.MEME

    LAUNCH.

    One public ETH curve handles distribution and price discovery from block one.

    PUBLIC CURVE
  2. 028 ETH

    GRADUATE.

    The reserve atomically seeds a token/WETH FrothSwap pair. The LP is burned forever.

    LP BURNED
  3. 03FROTHSWAP

    SEASON.

    Real swaps build reserves, cumulative price history, fee history, and costly-to-fake activity.

    FEES PAID
  4. 04PUNCH

    GO PERP.

    A graduate that clears the published gate can unlock a capped market in Punch's isolated dKLP vault.

    LEVERAGE ON

Why FrothSwap is the missing piece

ORACLE-GRADE
RAW MATERIAL.

Not oracle magic. Better inputs: permanent liquidity, standardized pairs, cumulative reserve history, and activity that costs real money.

∞

PERMANENT BASELINE

THE FLOOR CAN'T LEAVE.

Graduation LP goes to the burn address. The creator cannot pull it later, and swaps on the pair cannot be paused.

W

STANDARD MARKET SHAPE

TOKEN / WETH. EVERY TIME.

Each graduate is a standard no-tax ERC-20 paired against WETH, with reserves and cumulative prices exposed onchain.

$

ECONOMIC SIGNAL

ACTIVITY HAS A COST.

Every swap pays LP fees plus immutable creator, bid-wall, and FROTH buy-and-burn routes. Wash volume is not free.

✓

PUNCH RISK GATE

DEPTH BEFORE LEVERAGE.

Punch waits for locked depth and paid-fee history, then wraps the price with independent checks and hard market limits.

Price rail

FROTHSWAP TWAP

+

Independent check

SIGNED MEDIAN FEED

If the feeds deviate past threshold, new opens pause while closes and liquidations stay available. Open-interest ceilings, spreads, and profit caps keep leverage sized to the spot depth underneath.

Special insert · PUNCH20

THE PUBLIC
VOUCHER.

PUNCH20 was born in the Froth: a public path into PUNCH before TGE, with its own permanent post-bond market.

Froth mascotFROTH!

The entire deal

FOUR TERMS. NO FINE PRINT.

Punch × Froth
  1. 01

    PUBLIC CURVE

    No presale. No private price. One public curve on froth.meme, and it filled.

  2. 02

    GRADUATED

    Bonded out: the reserve seeded PUNCH20/WETH on FrothSwap and the LP was burned.

  3. 03

    5% OF PUNCH

    PUNCH20 vouchers reserve 50M PUNCH for public participants.

  4. 04

    20 : 1 FOREVER

    At TGE, burn 20 PUNCH20 for 1 PUNCH. Redemption never closes.

Trade PUNCH20 →

PUNCH20 is a burn-to-redeem voucher, not a claim on protocol revenue.

CA: 0xf6A4B3A27467bE2c9F4b237e5F9b7d90EEb1592B

Chapter 03 · The flywheel

EVERY HIT
FEEDS THE LOOP.

Volume creates fees. Fees deepen KLP and pay stakers. Outcome-weighted rewards turn traders into token holders. The next round starts stronger.

The alignment

TRADER ↔ LP ↔ STAKER

Adversaries inside the trade become stakeholders outside it.

KEEP IT SPINNING!
Back page · Token file

THE NUMBERS
HIT HARD.

One billion PUNCH. No inflation. A public voucher path through PUNCH20, and a majority of supply reserved for protocol users.

01
0B

HARD CAP

Forever. No inflation.

02
0.0%

USER EMISSIONS

KLP rewards + trade-to-earn.

03
0X

MAX MULTIPLIER

Wins 1x. Losses 3x. Liquidations 5x.

04
0

CHAINS

Flow live. Robinhood next.

05
50/30/20

FEE SPLIT

KLP / protocol ops / sPUNCH.

06
20:1

PUNCH20 REDEEM

Burn 20. Receive 1 PUNCH.

Public access

PUNCH20 GRADUATED. LP BURNED.

Trade PUNCH20 →