How it works
Lock, earn, collect
The short version
Every coin on Clasp has its own vault: a program on Robinhood Chain that holds locked coins and the ETH they earn. When people trade the coin, part of the fee lands in the vault. The vault shares it out, in ETH, among everyone who has locked the coin. The more you lock and the longer you lock it, the bigger your share.
2% of every trade
When anyone buys or sells the coin on Clasp, 2% of the ETH in the trade goes to the coin’s vault.
The coin’s Pons creator fees
The coin’s creator fees from the Pons launchpad are pointed at the vault too, so they flow in as well.
The coin’s vault
One per coin. Holds the ETH and the locked coins. Nobody can take them out except by its fixed rules.
90%
To the people who lock
Split by how much each person locked and for how long. Paid in ETH, collect anytime.
10%
To Clasp
Keeps the lights on. The coin’s creator takes 0%.
Where the ETH comes from
- 2% of every trade made through Clasp. Buy or sell a coin on its Clasp page and 2% of the ETH side of the trade goes straight to that coin’s vault, in the same transaction. If the trade fails, there’s no fee.
- The coin’s Pons creator fees. Coins on Clasp are launched on the Pons launchpad. Pons pays each coin’s creator a fee on trades, and on Clasp coins that fee is pointed at the vault instead of a person. Anyone can press the button that pulls these fees into the vault, and Clasp’s helper bot does it regularly.
Of everything that arrives, 90% goes to lockers and 10% to Clasp. The coin’s creator gets nothing extra — if they want a share, they lock like everyone else. If nobody has locked the coin yet, the lockers’ part goes to Clasp, because there is no one to pay.
How your share is worked out
Each lock gets a score: coins locked × time boost × size boost. The ETH is split between everyone in proportion to their score.
Time boost: 1× to 4×
The shortest lock is 4 hours and counts 1×. The longest is a year and counts 4×. In between, the boost rises quickly at first and then more slowly (it follows a square-root curve), so even a few weeks gets you a good part of the way:
| Lock for | Time boost |
|---|---|
| 4 hours | 1× |
| 1 day | 1.14× |
| 1 week | 1.41× |
| 1 month | 1.86× |
| 3 months | 2.49× |
| 6 months | 3.11× |
| 1 year | 4× |
Size boost: up to +50%
A single big lock gets a little extra on top: +10% if it is at least 0.1% of all the coin’s supply, +25% at 0.5%, and +50% at 1% or more. A year-long lock of 1% of the supply therefore counts 4 × 1.5 = 6×.
Fair timing
New ETH isn’t handed out the instant it arrives. It is released to lockers smoothly over about an hour. That way nobody can jump in right after a big trade, grab a slice, and leave.
Collecting and unlocking
- Collect anytime. Your ETH builds up continuously. Collect it whenever you like, from My locks.
- When your lock ends, you can unlock any time: your coins and any uncollected ETH go back to your wallet. Clasp’s keeper also unlocks ended locks automatically, largest first. Anyone may trigger it, but the coins and ETH can only ever go to you.
- Add more or lock for longer. You can add coins to a lock while at least 4 hours are left on it (the new coins count for the time that’s left), or push the end date further out for a bigger boost.
- Unlocking early costs coins. Leave before the end date and part of your locked coins is burned (sent to an address nobody controls, so they are gone for good). It starts at 25% and shrinks the closer you are to the end, but is never less than 5%. You also give up the ETH you haven’t collected yet — it goes back to the other lockers, released over the same hour. ETH you already collected is always yours. The site always shows you the exact numbers first.
- The smallest lock is one whole coin.
Rules that can’t change
The numbers on this page are Clasp’s defaults. When a coin’s vault is created, the rules in force are written into it permanently. Nobody — not Clasp, not the coin’s creator — can change a vault’s rules afterwards. Each coin’s page lists the exact rules of its vault.
Launching and joining
A creator can launch a new coin with a Clasp vault built in, in one transaction: the coin is created on Pons with its creator fees pointed at the vault, the creator’s first buy is made, and part of it can be locked straight away. A coin already on Pons can join too: anyone registers its vault, and the coin’s current fee recipient points its creator fees at it.
The yearly rate
Coin pages show a yearly rate (sometimes called APR). It takes the ETH paid to lockers over the last 7 days, scales it up to a year, and compares it with the value of the coins locked. It describes the past week, not the future: it changes whenever trading or the coin’s price changes.
Ready? Browse coins or read about security and risks.