RAVENHOOD
WHITEPAPER

Overview

Ravenhood is a deflationary token deployed on Robinhood Chain — Robinhood’s Ethereum Layer-2, built on Arbitrum technology —, built around two fully permissionless on-chain mechanics that anyone can trigger at any time. There is no team multisig controlling the burn engine, no admin function to pause it, and no upgradeable proxy.

The core thesis is simple: the act of burning RVH increases scarcity, and scarcity increases value for remaining holders. Every intoTheVoid call permanently removes liquidity from the pool and destroys tokens. Every feedTheRaven call creates buy pressure against the pool. Both are open to the public.

Ravenhood is built on Robinhood Chain for its low fees and fast finality, which make frequent permissionless calls economically viable, while every state transition settles to Ethereum for security. Liquidity is provided via Uniswap V3 and permanently locked — it cannot be withdrawn by any party.

The protocol operates in three distinct phases tied to how much supply has been burned. During the Early and Mid Game phases, WETH proceeds from each burn are deployed into additional liquidity pools across multiple RVH trading pairs on the Robinhood ecosystem. Fee revenue generated by price discrepancies between these pools compounds over time, broadening the protocol's economic base. Once 50% of supply is burned — the Late Game — the expansion phase ends and all proceeds shift entirely into RVH buybacks and burns, accelerating deflationary pressure until the system reaches its terminal state at 90% burned.

Token Summary

Architecture

Ravenhood is composed of three smart contracts that work together as an immutable system.

Core Mechanics

4.1 intoTheVoid — The Deflationary Engine

intoTheVoid() is the primary deflationary function. It is permissionless — any wallet on any chain can call it once the cooldown has elapsed.

What happens when intoTheVoid() is called

1. 01
   Phase check — Reads how many RVH tokens have been sent to address(0). Calculates voidRate = burnedSupply / 1,000,000 RVH. If voidRate ≥ 90, the function permanently reverts with "burns complete".
2. 02
   Cooldown check — Requires block.timestamp ≥ nextBurnTime. Reverts with "burn not ready" if called too early.
3. 03
   Cooldown update — Sets nextBurnTime forward based on the current burn phase.
4. 04
   LP removal — Calls VAULT.claimBurn(), which instructs Uniswap to remove exactly 0.5% of remaining liquidity (liquidity / 200). Simultaneously sweeps all accumulated swap fees in the same transaction.
5. 05
   WETH routing — The WETH received is routed based on the current voidRate phase (see Section 5).
6. 06
   RVH burn — Any RVH held by RavenhoodForge at the end of the call is transferred to address(0) and permanently destroyed.

Each call is strictly rate-limited. The 0.5% removal compounds over time — early calls remove large absolute amounts, later calls remove smaller absolute amounts, but the percentage stays constant.

4.2 feedTheRaven — The Volatility Mechanism

feedTheRaven() is a secondary permissionless function with a 1-hour cooldown.

What happens when feedTheRaven() is called

1. 01
   Cooldown check — Requires block.timestamp ≥ nextChaosTime. Reverts with "chaos not ready" if called too early.
2. 02
   Fee claim — Calls VAULT.claimFees(), pulling any accumulated swap fee revenue from the LP position into RavenhoodForge.
3. 03
   Balance check — Requires the contract holds at least 1 WETH. If not, reverts with "insufficient WETH". Fee revenue from the pool is the primary source.
4. 04
   RVH pre-burn — Any RVH currently held by RavenhoodForge is immediately burned to address(0).
5. 05
   3-round swap loop — Executes 3 consecutive rounds: buy RVH with the full WETH balance, sell all RVH back for WETH, repeat. Each round uses the contract's full balance, compounding the effect. The 1% pool fee is extracted from the balance each time.

Burn Phase Routing

The WETH received from LP removal in each intoTheVoid call is routed differently depending on how much of the total supply has been burned.

The Expansion-to-Burn Lifecycle

The Early and Mid Game WETH routing is not passive team revenue — it funds an active multi-pool liquidity expansion strategy. Each new trading pair (RVH paired against other Robinhood ecosystem tokens) increases the total volume routed through RVH, generating more swap fee revenue across the board. Price discrepancies between pools attract arbitrage flows, which in turn deepen each pool's fee accrual. By the time the Late Game begins, the protocol has a mature, multi-pair liquidity presence that amplifies the impact of every buyback-and-burn call: orders flow through a liquid market, slippage is minimized, and each RVH purchased is immediately destroyed — maximizing deflationary pressure per WETH spent.

Cooldown Schedule

intoTheVoid has a dynamic cooldown that increases as more supply is burned, slowing the rate of burns as the token becomes rarer. The base cooldown is 4 hours. For every 5% of supply burned, an additional 2 hours is added.

feedTheRaven has a flat 1-hour cooldown regardless of burn phase.

Liquidity Design

Permanent Lock

The LP NFT is transferred into RavenhoodVault via lockNFT() during deployment. Once locked, there is no function — on any contract — that can withdraw it. The vault has no unlockNFT function. Liquidity is locked permanently by design.

Single-Sided Position

At launch, all 95M RVH is deposited into a single-sided Uniswap V3 position. No WETH is required at launch — the position covers from the launch tick outward to MAX_TICK. As buyers purchase RVH, WETH accumulates in the LP position and swap fees begin accruing.

The 0.5% Removal Rate

Each intoTheVoid call removes liquidity / 200 from the position — exactly 0.5% of remaining liquidity, not total original liquidity.

Liquidity asymptotically approaches zero but never reaches it. The removal rate slows naturally as liquidity decreases, and the cooldown increases simultaneously — both mechanisms cooperate to slow the pace of burns as the token matures.

Swap Fees

The 1% fee tier means every swap in the RVH/WETH pool generates fee revenue. This revenue accumulates inside the LP position and is claimed by claimFees() (inside feedTheRaven) or swept alongside the liquidity removal in claimBurn() (inside intoTheVoid). All fee revenue flows into RavenhoodForge as WETH.

Multi-Pool Expansion Strategy

During the Early and Mid Game phases, WETH received by the owner is deployed into additional liquidity pools pairing RVH against other Robinhood ecosystem tokens. This creates a network of pools where price discrepancies naturally attract arbitrage activity — each arbitrage trade generates swap fees across every pool in the route, compounding total fee revenue beyond what a single pair can produce.

As trading volume grows across these pairs, the primary RVH/WETH pool becomes a deeper reference market. When the Late Game begins and WETH is redirected to buybacks rather than new pools, the existing multi-pair presence ensures that buyback orders flow through a mature, liquid market — minimizing slippage and maximizing the deflationary impact of each intoTheVoid call.

Token Distribution

The 5% deployer allocation is strictly designated: 2% is reserved to seed new liquidity pools during the expansion phase (once these are exhausted, additional expansion tokens will be purchased from the open market), 1.5% funds ongoing infrastructure maintenance, and 1.5% is allocated for marketing and community incentives.

Launch Parameters

Contract Addresses & Deployment

Ravenhood Contracts

Robinhood Infrastructure

Source Code

Deployment Sequence

1. 01
   Deploy RavenhoodForge — internally deploys RavenhoodToken and RavenhoodVault, mints 100M RVH to deployer, renounces RVH ownership
2. 02
   Create the RVH/WETH pool via Uniswap V3 Position Manager at the launch price
3. 03
   Approve 95M RVH to the Position Manager
4. 04
   Mint the single-sided LP position (95M RVH, 0 WETH)
5. 05
   Approve the LP NFT to RavenhoodVault, call lockNFT() — liquidity is permanently locked

Security Model

What is Immutable

• ✓
  Total supply is fixed at 100M RVH — no mint function exists after ownership is renounced
• ✓
  LP liquidity can never be withdrawn — RavenhoodVault has no unlock function
• ✓
  intoTheVoid and feedTheRaven routing logic cannot be changed — no admin overrides
• ✓
  Pool fee, tick range, and swap callback logic are hardcoded constants

What the Owner Controls

The owner address receives WETH payouts during Early and Mid game phases of intoTheVoid. These proceeds are deployed into additional RVH liquidity pools across Robinhood ecosystem trading pairs — growing fee revenue that compounds the protocol's economic base before the Late Game burn engine takes over. Ownership can be transferred via transferOwnership() with no timelock or delay. A compromised owner key only affects payout destination — it cannot access locked liquidity, pause burns, or modify any mechanic.

Tokenomics Summary

Roadmap

Disclaimer

This whitepaper is for informational purposes only and does not constitute financial, investment, or legal advice. RAVENHOOD is a purely experimental, deflationary protocol deployed on the Robinhood blockchain. Participation in decentralized finance (DeFi) and the acquisition of cryptographic tokens involve significant risk, including the potential loss of all invested capital. The Ravenhood smart contract system operates autonomously and is immutable; it is not managed, controlled, or influenced by any person or entity. Users assume full responsibility for their interactions with the protocol and should conduct their own thorough due diligence before participating. By interacting with the Ravenhood smart contracts, you acknowledge and accept these inherent risks.