> For the complete documentation index, see [llms.txt](https://stonkmarket.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://stonkmarket.gitbook.io/docs/reference/protocol-configuration.md).

# Protocol Configuration

The protocol has two levels of configuration: **factory-level** (mutable, affects future launches) and **token-level** (immutable, set at launch).

Configuration is per-deployment: Base and [Robinhood Chain](/docs/reference/robinhood-chain.md) each have their own factory, set independently. The global values below are the same on both; the per-asset values differ, and both tables are given.

## Factory-Level Parameters

Controlled by the factory owner (a Ledger hardware wallet) and only affecting tokens launched **after** the change.

**Global** (apply to every backing asset):

| Parameter                  | Description                              | Value            |
| -------------------------- | ---------------------------------------- | ---------------- |
| Trade fee                  | Withheld from the asset leg of each swap | 1% (10,000 pips) |
| `maxWalletBasisPoints`     | Max wallet as % of supply                | 500 (5%)         |
| `devAllocationBasisPoints` | Dev mint as % of supply                  | 50 (0.5%)        |
| `treasury`                 | Protocol fee recipient                   | `0x7233…3b02`    |
| `paused`                   | Emergency stop for new launches          | `false`          |

The 1% trade fee is charged by the [StonkHook](/docs/smart-contracts/stonk-hook.md), not by the pool: the native Uniswap LP fee is forced to **zero** so the hook is the only fee charger.

**Fee split** — how the 1% is divided:

| Share             | Recipient                 | Referred | Unreferred |
| ----------------- | ------------------------- | -------- | ---------- |
| Creator           | Token deployer            | 10%      | 10%        |
| Platform referrer | Listed referring platform | 10%      | —          |
| Treasury          | Protocol                  | 80%      | 90%        |

An unreferred launch folds the platform 10% into the treasury (effective **10 / 90**). Fees accrue in the [StonkFeeLocker](/docs/smart-contracts/stonk-fee-locker.md).

**Per-asset** (one config per backing asset), on **Base**:

| Parameter              | Description                           | WETH     | USDC            |
| ---------------------- | ------------------------------------- | -------- | --------------- |
| Launch fee             | Deploy fee in the backing asset       | 0.1 WETH | 150 USDC        |
| Virtual asset reserves | Starting asset reserves for the curve | 2 WETH   | \~3,285.71 USDC |
| Discovery raise        | Asset depth of the curve band         | 7 WETH   | 11,500 USDC     |
| Max launch buy         | Cap on the deployer's launch buy      | 0.1 WETH | 160 USDC        |

And on **Robinhood Chain**, where the dollar asset is USDG and **both launch fees are zero**:

| Parameter              | Description                           | WETH     | USDG            |
| ---------------------- | ------------------------------------- | -------- | --------------- |
| Launch fee             | Deploy fee in the backing asset       | **0**    | **0**           |
| Virtual asset reserves | Starting asset reserves for the curve | 2 WETH   | \~3,285.71 USDG |
| Discovery raise        | Asset depth of the curve band         | 7 WETH   | 11,500 USDG     |
| Max launch buy         | Cap on the deployer's launch buy      | 0.1 WETH | 160 USDG        |

USDG is a 6-decimal dollar stablecoin like USDC, so it reuses the USDC curve numbers unchanged.

The launch fee is payable in ETH or WETH for a WETH launch, and in the dollar asset for a dollar-asset launch.

## Token-Level Parameters (Immutable)

Set once at launch and never changed. There is no owner and no upgrade path.

| Parameter       | Source            | Description                                                        |
| --------------- | ----------------- | ------------------------------------------------------------------ |
| `name`          | Deployer          | Token name                                                         |
| `symbol`        | Deployer          | Token symbol                                                       |
| `totalSupply`   | Fixed             | Always 1,000,000,000; minting is permanently disabled after launch |
| Trade fee       | Factory snapshot  | 1%, split per the table above                                      |
| Max wallet      | Factory snapshot  | 5% of the original supply                                          |
| `launchTime`    | Calculated        | Next NYSE market open after deploy — trading is locked until then  |
| Deployer        | `msg.sender`      | Address that called `deployToken`                                  |
| Backing asset   | Deployer choice   | WETH or USDC on Base; WETH or USDG on Robinhood Chain              |
| Uniswap v4 pool | Created at launch | The pool (and its `PoolKey`) this token trades in                  |
| Hook            | Fixed             | The StonkHook bound to the pool                                    |
| Oracle          | Factory           | MarketHoursOracle address                                          |

## Curve / Pool Constants

Identical for all tokens:

| Constant               | Value                           |
| ---------------------- | ------------------------------- |
| Total supply           | 1,000,000,000                   |
| Virtual token reserves | 700,000,000 (70% of supply)     |
| Tick spacing           | 60                              |
| Market-band ceiling    | 1000x                           |
| Native LP fee          | 0 (the hook charges the 1% fee) |

The virtual asset reserves and discovery raise come from each backing asset's config (see the per-asset table). The curve is installed as a single Uniswap v4 concentrated-liquidity position at launch — there is no graduation threshold, because there is no graduation (see [No Graduation](/docs/concepts/graduation.md)).

## Immutability Guarantee

```
Factory changes the trade fee for future launches

Token A (launched before change): its snapshotted fee forever
Token B (launched after change):  the new fee forever
```

Protocol changes never affect existing tokens. Each token is a standalone, autonomous contract.


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