---
name: nest-launchpad
description: Nest (makeanest.fun), the Robinhood Chain launchpad that routes Pons V2 creator fees into per-coin vaults holding tokenized Stock Tokens. Mechanism, fee table, vault generations, addresses and the measured backing ratios. Read before screening any coin whose page is on makeanest.fun or whose basket is a list of stock tickers.
sources: [cowork]
aliases: [nest, makeanest, makeanest.fun, nestpadrh, nest-vault]
---

# Nest (makeanest.fun) — discovered 5 Sep 2026 on the COMMOTITTES screen

X: @nestpadrh. Tagline "One coin. Many stocks."

## What it actually is
- **Not a fork and not a new AMM.** Every Nest coin is an ordinary Pons V2 launch against factory `0x7eD598BcEf8bd9Edd8C97A195C6d13f40801EC7e`. Token contract is `PonsV2LauncherToken`: OpenZeppelin ERC20 + ERC20Burnable, fixed 1,000,000,000 supply minted entirely to the bonding curve. **No mint, owner, pause, blacklist or transfer tax anywhere in the token.**
- **Nest's only addition is where the creator fees go.** It names a per-coin vault as the Pons `creatorFeeRecipient`. The vault harvests fees from the Pons escrow `0xd3AFEB2a57f70eF218Aa82451c51B2fb0416Ac9e` and swaps them into a weighted basket of Robinhood Chain tokenized Stock Tokens (1 to 8 legs, weights sum to 100%, set once, immutable).
- So a Nest coin is a memecoin with a slowly growing, verifiable stock/commodity floor underneath it. **Burn-to-redeem is a floor, not a yield.**

## Fee table (read from the factory, live 5 Sep 2026)
| Fee | Rate | Goes to |
|---|---|---|
| Base trade fee | 1.00% on the quote leg, both directions | 30% Pons, 70% the creator-fee recipient (the vault) |
| Creator tax | 0 to 10.00%, set per launch | the vault, in full |
| Anti-snipe tax | 99% decaying to 0 over 3 seconds (14 halvings: 99% at t0, 6.18% at +1s, 0.19% at +2s) | stays in the curve |
| Launch fee | 0.0005 ETH | Pons |
| Harvest bounty | 1.00%, capped 0.02 ETH | whoever calls harvest |
| Claim / redeem | none | — |
- **Effective take to the vault at a 1% creator tax is ~1.7% of traded volume.** Verified on COMMOTITTES: $10,258 of stock bought from ~$597k of first-hour volume = 1.72%.
- Creator split of the harvest is capped at 50% and fixed at launch. `creatorSplitBps()` on the vault is the number that matters: 0 means the creator takes nothing and everything goes to holders.

## Curve and graduation
- Virtual quote reserve 1.68 ETH, graduation threshold 4.2 ETH real quote (per pair token; USDG is 3,236 / 8,090, NVDA 16.64 / 41.6).
- The curve reserves 28.5714% of supply and can never sell below it. At graduation: **71.43% held by curve buyers, 20.41% seeds the Uniswap V4 pool with the full 4.2 ETH, 8.16% permanently locked** in the Pons locker.
- Pool is Uniswap V4 on PoolManager `0x8366a39CC670B4001A1121B8F6A443A643e40951` behind Pons hook `0xE5e702641Ea86F4ae6cC3cDaeD2B886f976Be044`, tick spacing 200, **static LP fee 0 because the hook is the fee policy**. Nobody owns the position, no unlock date.
- Nest does not read V4 pool state, so a graduated coin's Nest page shows no price. Use DexScreener for price/liq/volume on graduated coins.

## Vault generations
- **v1 burn-to-redeem only.** Send x coin, get x/S of everything the vault holds. MAG7 is v1 forever.
- **v2 merkle claims.** Time-weighted (balance x time held, an integral not a snapshot), cumulative leaves, 24h delay before a root can pay, one root in flight, protocol addresses excluded from the denominator. MEMESTREET is v2. Vault `0xE36A29A3B71a3fFA531d21e3F8B0dc818544bF75`.
- **v3 same claims plus USDG routes**, so a basket can hold any Stock Token with a WETH or USDG pool. **Every new launch routes through `0xf89E4cb135758DED3E56Ab5d0C57aB5EF863fc04`**, which is what shows up as `deployer()` on new Nest tokens.
- Trust limit, stated honestly in their own docs: a bad merkle root can misallocate assets harvested since the previous root plus uncollected old entitlements. Bounded, slow, public for 24h. `node scripts/verify-epoch.mjs --vault 0xVAULT --epoch N` re-derives a root from chain data.

## Measured backing ratios, 5 Sep 2026 ~07:30 UTC
| coin | contract | vault | backing | mcap | backing % |
|---|---|---|---|---|---|
| COMMOTITTES | 0xF9E04be607E30020526E6Bbb45E5b754aAb888E3 | 0x76Df63aa3878987AfF589965060aCE7A42Ca7EC6 | $10,258 (GLD 50 / SLV 50) | $218,606 | 4.69% |
| MAG7 | 0xfa0653c203C4c73Bf89bA357369Cec6991E4d8D2 | 0x1017D5aE04ca1C8577eD4Fbe3E58a997af3DE0F4 | $3,860 | $132,882 | 2.90% |
| SP69000 | 0xAF793D64831922ca7a7D56feEdFcE14A27A2BBA7 | 0x9a4f97dd2788F535c1eB5523b582f8C756f6EF14 | $1,305 | $67,483 | 1.93% |
| COMPUTE | 0xa45C124Ffae66b7dEE8f18dEb95C181CE02Bf9Dd | 0xa4512E2085944C1e4B0491D00Ad594277Be95bA0 | $0 unharvested | $58,914 | 0.00% |
- **Backing ratio is the single best screen metric on this pad**, and it is only readable on chain: `balanceOf` each stock token at the vault, price via DexScreener `tokens/v1/robinhood/...`.
- Platform scale at discovery: 27 coins launched, 4 graduated, $17.5K total bought into stocks across all vaults. Tiny. COMMOTITTES alone was ~59% of it.

## Method notes
- Vault address is not exposed by a getter on the token. Scrape `https://makeanest.fun/coin/{ca}` for candidate addresses, then call `coin()` on each and match the token. Works every time.
- Token metadata lives on the token itself: `description()`, `logo()`, `socials()`, `deployer()`, `curve()`, `launchFactory()`.
- Stock token addresses found this way: **GLD `0xC9a981FEE1F9DEc688bb123ccDeCc63D0deBFC4e`** ("SPDR Gold Trust • Robinhood Token", $407.85, liq $4.83M) and **SLV `0x411eFb0E7f985935DAec3D4C3ebaEa0d0AD7D89f`** ("iShares Silver Trust • Robinhood Token", $60.05, liq $486k).
- 194 verified Stock Tokens exist on the chain; 40 are approved as curve pair tokens; 42 are in Nest's basket registry.
- Blockscout `?module=account&action=tokenlist&address={vault}` returns the whole basket in one call. `/api/v2/.../counters` was Cloudflare-gated this session while v1 worked.
- `pons.fun` is not reachable from the Cowork container (egress proxy rejects it). The Nest docs page carries the full Pons V2 parameter set instead.

## Vault powers, read from bytecode 5 Sep 2026. One doc claim is FALSE.
- Each vault is an **EIP-1167 minimal proxy clone** (46 bytes) pointing at implementation `0xcb20f057fe2f84bc3759e86aec94c07af36b637b` (18,022 bytes). The implementation is hardcoded in the clone bytecode, so **there is genuinely no upgrade path.**
- Selector scan of the implementation: **PRESENT** `redeem(uint256)`, `claim(address,address[],uint256[],bytes32[])`, `creatorSplitBps()`, `rootPublisher()`, `setRootPublisher(address)`, `creator()`, `coin()`, `CLAIM_DELAY()`, `HARVEST_BOUNTY_BPS()`. **ABSENT** `owner()`, `transferOwnership(address)`, `pause()`, `upgradeTo(address)`, `sweep(address)`, `withdraw(address,uint256)`, `rescue(address)`. **Nobody can pull the assets out. Confirmed at the bytecode level, not taken from the docs.**
- **CORRECTION TO THE DOCS. The site says "A root pays nothing for 24 hours". On chain `CLAIM_DELAY()` returns 300 on every v3 vault checked (COMMOTITTES, SP69000, COMPUTE). That is 5 minutes, not 24 hours: the stated safety window is overstated 288x.** The docs sell that delay as one of the three things bounding a malicious root, so this materially weakens the trust model. Always read `CLAIM_DELAY()` rather than repeating the docs figure.
- **`rootPublisher()` is the SAME address on every v3 vault: `0x2734303fd81283c9431b1d975cb51d6712f81866`.** That is Nest's own keeper, not the individual coin creators. So one Nest-controlled key decides every coin's payout split, and `setRootPublisher(address)` lets a coin's creator rotate it. Burn-to-redeem via `redeem(uint256)` is the only path that needs no permission from anyone.
- `HARVEST_BOUNTY_BPS()` = 100 (1.00%), matching the docs. `creatorSplitBps()` = 0 on COMMOTITTES, SP69000, COMPUTE and MAG7, so on every coin checked so far the creator takes nothing from the harvest.