Launch STONX on Robinhood Chain

Originally published July 8, 2026. This article preserves the proposal as presented at the time.

Executive Summary#

This proposal creates STONX as a stake and reward token for a new Ekubo ve(3,3) extension deployment on Robinhood Chain as a method of bootstrapping capital efficient stock token liquidity on Robinhood Chain.

The launch mints 333,333 * 3 = 999,999 STONX:

The DAO will pair 333,333 STONX with 333,333 USDG in the STONX/USDG Ve33 pool at an initial price of $1.00/STONX. For Ve33 pools, the pool fee is determined by voters.

Proposal Actions#

Ekubo, Inc. will execute most of these actions, with the primary action required by the DAO being the capital contribution for the STONX liquidity, which would come from the DAO’s liquidity positions on Ethereum: ETH-USDT, ETH-USDT, and ETH-wstETH in that order.

1. Mint 333,333 STONX for DAO-owned full range STONX/USDG liquidity on the Ve33 0.1% tick spacing pool at $1.
2. Allocate and sell sufficient assets to fund 333,333 USDG from the DAO treasury for the matching liquidity.
3. Mint 333,333 veSTONX to Ekubo, Inc.
4. Initialize the STONX-USDG ve33 pool and add liquidity at $1.00/STONX.
5. Deploy and configure Ve33EmissionRateScheduler for the STONX ve33 deployment (see Emissions Configuration).
6. Set the scheduler target emission rate to 333 STONX/day.
7. Place scheduler ownership and STONX mint authority under governance control (via the deployed ArbitrumOwnerProxy).

Emissions Configuration#

The following initial configuration will be used for the emissions scheduler contract.

Governance can modify the emissions schedule by calling setConfig(targetRate, scheduleDuration) on the scheduler. Target rate increases take effect immediately, but target rate decreases take effect after the pre-schedule duration lapses. As part of the launch, we will pre-schedule ~100 days of emissions at the increased rate of ~3,333.33 STONX/day in order to bootstrap liquidity. Note the rate is approximate due to the time-validity rules of the smart contracts, and in practice it will be slightly less per day over a slightly longer time period. Governance proposals cannot decrease the pre-scheduled emissions.

Ekubo, Inc. Max-Stake And Initial Vote Direction#

Ekubo, Inc. will max-stake its 333,333 STONX allocation through the Ve33 staking wrapper.

Initial vote allocations will prioritize stock tokens available on Robinhood Chain. Earned fees will be owned by Ekubo, Inc. to fund continued development and maintenance.

ve(3,3) Tokenomics Summary#

STONX is the Ve33 stake token and LP reward token.

Stakers lock STONX for up to four years. Voting power is linearly proportional to amount and remaining lock time:

stake amount * (unlock time - now) / 4 years

When a user locks their tokens, they receive an NFT representing their stake which can be used to vote for pools. Voters select a pool to be targeted for emissions as well as a fee for that pool, and in exchange receive all the fees earned on that pool. Global STONX emissions are distributed to each pool based on each pool’s share of the total voting weight.

In other words, voters control two things:

1. The active swap fee for each ve33 pool.
2. The share of global STONX emissions directed to each pool.

LPs do not earn Core swap fees in Ve33 pools; instead, LPs earn STONX emissions directed by the voters. Emissions are global, then allocated to pools by active vote weight and to LPs by liquidity.

Governance And Mint Authority#

The end result of this proposal is that Ekubo DAO controls STONX monetary policy. Note that this is the only form of ownership the DAO has over the system.

• The DAO can increase or reduce emissions
• The DAO can approve additional STONX mints through governance, e.g. for partnerships or distributions to tokenholders

Disclaimer#

This is the outline of a proposal and is subject to change. Ekubo, Inc. will not move forward without the approval of the Ekubo DAO on a specific version of this proposal.

Reference Links#

All links are pinned to v3.2.0-rc.6.

• Discussion thread
• Ve33 user guide
• Ve33 architecture notes
• Ve33 extension
• VeToken
• Ve33 emission rate scheduler
• Ve33 periphery
• MintableERC20
• DeployVe33 script