How it works.

1. 01

   Launch

   Name a coin and pick the asset it is priced in. It trades on its curve the moment the transaction confirms. No presale, no team allocation.

2. 02

   Trade

   Buy and sell on the curve until it fills, then in the coin’s own pool. The chart and the trade list carry straight through.

3. 03

   Outbid

   Bid for the top of the front page. Most of every bid buys your coin and burns it; the rest feeds the $OUTBID buyback and the treasury.

Where a contract is not deployed on this network yet, the figure above is the value it is deployed with. The owner can change the fee terms for coins launched later, the bid terms and both splits; a coin keeps the terms it launched with.

Wallet

Rabby, MetaMask, Rainbow, Coinbase Wallet, Base, OKX, Brave, Safe, anything that connects through WalletConnect, or any other browser wallet.

Network

Robinhood Chain, chain id 4663. A wallet on another network is offered a switch rather than a button that fails.

Gas

Every transaction is paid for in ETH on Robinhood Chain, whatever the coin is priced in.

Assets

Coins are priced in an asset the platform lists: ETH, a dollar such as USDG, or a tokenised share. A coin priced in ETH is bought and sold with ETH; on chain its curve and pool hold it wrapped, and the site wraps and unwraps it for you.

Approvals

Buying a coin or bidding moves a token out of your wallet, so when your approval is short the app asks you to approve it first.

Your minimum

Every buy, sell, swap and bid carries the least you will accept, and the contract enforces it. If the price moves past it, the transaction reverts and nothing is spent but gas.

The shape

A constant product over virtual reserves, as on PONS and pump.fun. The curve prices as if it held 40% of its raise target more than it does, against a billion coins less the ones it has sold; every trade keeps the product of the two where it was, and the price is their ratio. A fresh coin priced in ether starts at 1.68 ETH over a billion coins, an FDV of 1.68 ETH, and its price rises 12.25× by the time the curve fills. Every buy lifts it and every sell lowers it.

The same for every asset

Every curve sells 714,285,714 coins by the time it fills, whatever it is priced in, and every coin ends at 1,000,000,000. Only the size of the raise differs from asset to asset.

The raise target

Set per asset when the platform lists it: 4.2 ETH for a coin priced in ether, and about as much in value for every other asset.

Buying

The 1% fee, any creator tax and any snipe tax come off what you pay, and the rest goes into the curve. A buy that would overfill it spends only what fits, and the change comes back to you.

Selling

The curve pays out of its reserve for the coins you sell, and the 1% fee and any creator tax come off what it pays. There is no snipe tax on selling.

One buy or forty

Every trade is priced from where the curve already stands, so the same amount reaches the same place in one buy or in forty. The trade panel works each quote out from the curve’s reserves as you type, and says how far the trade moves the price.

The snipe tax

A buy in the first seconds after a launch pays an extra tax that starts at 99% and falls in a straight line to nothing over 3 seconds, so buying the instant a coin appears is not worth it. It is shared like the trading fee: 70% to the creator and 30% to the protocol. The creator, and up to 32 wallets they name at launch, buy without it.

What the opening buy is worth

The creator’s opening buy lands at the very bottom of the curve, where the virtual reserves set the price. A ninth of the raise target there — 0.47 ETH of a 4.2 ETH curve — buys about 22% of the supply: roughly 2.4× the coins per unit that the next four ninths buy, and 8.8× what the last ninth into the curve buys. The shape is the same whatever the coin is priced in. It is made in the launch transaction itself, before anyone else can trade, and may take at most three quarters of what the curve sells: 535.7M coins, 53.57% of the supply.

Reward coins

A creator can launch a reward coin instead of a standard one. Every transfer of a reward coin pays 1% or 3% of it, in the coin, to its holders, shared by how much each holds: curve buys and sells, wallet-to-wallet transfers and buys out of its pool. Sales into its pool pay nothing, because a Uniswap pool cannot take a fee on the way in, and nor do coins sent to be burned. Holders claim what they have earned from the coin’s page. The creator can also give every fee they would earn to the holders, for good, in the asset the coin is priced in.

Nothing is taken

The pool gets everything the curve raised. There is no graduation fee.

New coins for the pool

204,081,633 coins — what the raise buys at the price the curve reached — are minted into the pool, and the 81,632,653 left of the billion are minted to the dead address, locked for good, as PONS locks them. Holders keep 71.43% of the supply.

The opening FDV

About 4.9× the raise, and the pool’s reserve backs about 20% of it.

Locked for good

The raise and the minted coins go into one full-range position that no function can withdraw — not by us, not by anyone.

Locked is not deep

One holder selling a fifth of the supply moves the price by roughly three quarters. That is how every curve-to-pool launch works; it is worth knowing before you hold through one.

The pool’s fees

The pool charges 1% on swaps. What the locked position earns is split 70% to the creator and 30% to the protocol, in both the coin and its asset, and anyone can trigger the sweep.

Coin to its asset

One hop through the coin’s pool. A coin priced in ETH is bought with ETH and sold for ETH: the router wraps and unwraps around the edges.

Coin to coin

Two coins priced in the same asset trade for each other in two hops through it, in one transaction. Coins priced in different assets have no route: the platform opens no pool between the assets themselves, and the Swap page says so.

Quotes

Every swap is priced before you send it, and the least you will accept is enforced by the router on chain.

Adding liquidity

Provide both sides of a pool through the Pool page, in the price band you choose. You earn a share of the swap fees while the price is inside your band.

Your position is yours

Withdraw it and collect its fees whenever you like. Positions are held per wallet, per pool and per band, and cannot be transferred; they are not NFTs.

Two kinds of liquidity

The graduation position is the protocol’s and locked for good; everything added on top belongs to whoever added it. The Pool page keeps the two apart.

1. 01

   Bid

   Pay in USDG, or in ETH or another listed token that the market swaps to USDG in the same transaction. Any bid of at least 1 USDG adds to the coin’s position, which is the total USDG ever bid on it.

2. 02

   Take the top spot

   To take #1 you pay the leader’s total plus a fixed 5 USDG, less what your coin has already bid. The leader defends by paying the step.

3. 03

   Get outbid

   Anyone can pay more and take it. Nothing is refunded: most of your bid already bought your coin and burned it.

Every bid is split the moment it lands

Any coin

Any coin launched here can be bid on, whatever it is priced in. For a coin priced in something other than USDG, the burn share is swapped to that asset first, at the best rate across the chain’s DEXes, in the same transaction.

Paying with another token

ETH, a stablecoin or a tokenised share: the market swaps it to USDG at the best rate across the chain’s DEXes, in the same transaction. You set the least USDG it must bring; if it brings less the bid reverts, and anything the swap could not use comes back to you.

The burn is a market buy

The burn share buys the coin at market, and a buy moves the price. Someone who bought just before your bid and sold just after would take part of it: in our tests, 38% of a 1,000 USDG bid’s burn on a young curve and 23% in a graduated pool. Robinhood Chain has no public mempool, which makes that hard to do to a stranger, but not impossible. The least number of coins the burn must buy is the only bound, so the bid dialog sets it tight — 99% of the quote — and the bid reverts below it.

Ranked in USDG

Every bid lands as USDG, so a coin’s position is simply the USDG bid on it, however it was paid for.

Ties

Two coins level on total are ordered by whichever bid first.

The race

The next bid is quoted before you send it. If someone raises the bar before your transaction lands — or, paying with ETH, the swap brings too little to cover it — it reverts rather than under-paying.

The burn has a floor

Each bid names the fewest coins its burn must buy, quoted from the curve or the pool, and reverts rather than buy fewer. A bid that fills a coin’s curve graduates it and buys the rest in the new pool.

In a coin’s first seconds

The burn buy pays the coin’s snipe tax like any buyer, so it buys fewer coins, and the bid shows how many before you sign. In the launch’s own second it would buy none, and the app will not send it.

Two boards

Live Spotlight ranks every bid ever placed. Latest Bids shows every bid as it lands, newest first, so you can see who is fighting right now.

Bids are final

Nothing is escrowed and nothing is returned. A bid is spent the moment it lands, and a position is only ever added to.

Plus the network fee on every transaction, in ETH. Creators claim their share from the fee escrow, asset by asset, whenever they like.

Fees

The launch fee and the protocol’s share of every trading, snipe and pool fee go to the revenue router (to the treasury until the router is deployed), which splits each asset on its own: 80% to the $OUTBID buyback vault, 20% to operations. Anyone can trigger the split.

Bids

Bids never pass through the router. The market splits each one itself, in USDG: 75% buys and burns the coin, 20% buys and burns $OUTBID (collecting in the buyback vault until the buyback is enabled) and 5% goes to the treasury.

Every asset on its own

Revenue arrives in ether and in whatever each coin is priced in, and is split and counted in that asset. An ether and a dollar are never added together on this site.

Creators

The creator’s 70% of fees, and any creator tax, wait in the fee escrow for the creator to claim.

Enabled once

Enabling names the token the vault buys, and it can never be changed afterwards, so the revenue already collected can only ever buy $OUTBID.

Where it buys

On PONS: on $OUTBID’s bonding curve until it fills, then in the Uniswap V4 pool PONS opens for it. The vault spends ETH, which $OUTBID is paired with, as it is, and any other asset through a pool the owner has named for swapping it into ETH.

Who runs it

Only keepers on the vault’s allowlist, which cannot be switched off. The vault takes no price from an oracle: the keeper names the least $OUTBID a buy must return, and the vault checks what actually arrived.

Its limits

A cooldown between buys (six hours as deployed) and, if the owner sets one, a cap on how much of each asset one buy may spend. The limits in force are read from the vault on the $OUTBID page.

Burned on the spot

Every $OUTBID the vault buys is burned in the same transaction, or sent to the dead address if the token will not burn.

No promise about price

Burning reduces supply. It does not guarantee a particular market price or return.

Live state

Balances, fee terms, the next bid, the splits and the vault’s books are read straight from the contracts in your browser.

History

Trades, candles, holders, bids, buybacks and revenue come from a subgraph that indexes the contracts’ events. No server of ours sits between you and the data.

Prices

A chart shows what trades actually paid, worked out from the two amounts in each trade. Dollar figures use Chainlink’s price feeds on Robinhood Chain.

Honest gaps

Where a figure cannot be read yet, the page shows a dash, not a zero, and says why. Nothing is simulated: every number came from the chain or the subgraph.

Coins are contracts too: each launch deploys one, at an address derived from its ticker. The PONS buyback venue is named by the vault once the buyback is enabled.

Prices go down

Meme coins are volatile, and most go to zero. The curve and the pool price whatever people pay; nothing props them up.

Thin pools

A graduated pool is locked, not deep. Large sells move the price a long way, as the graduation section shows.

Bids are spent

A bid buys a place on the board and burns coins. It is never refunded, whoever outbids you.

An owner key

One owner can change the fee terms for coins launched later, the listed assets, the bid terms, both splits and where they pay, the pools bids are swapped to USDG through, and the buyback’s venue, keepers and limits. It cannot withdraw locked liquidity, change a coin’s terms after launch, or change the token the buyback buys once it is set. Putting that key behind a multisig and a timelock is planned before launch.

Paying with ETH

A bid paid in ETH is only as good as the ETH/USDG pool it is swapped through: a thin pool gives less USDG. Your minimum USDG protects you, and the dialog shows what the swap should bring before you sign.

The buyback keeper

The buyback trusts its keeper to price each buy sensibly; the vault checks only that what arrived met the keeper’s own minimum.

Reviews, not an audit

The contracts have had two internal reviews, with every finding tested and all but one fixed. There has been no external audit, and the bid split and the PONS buyback were written after both reviews.

Burning is not a promise

Burning reduces supply. It does not guarantee a price or a return, for $OUTBID or for any coin.

Coin

A token launched on outbidfun.lol, with its own curve and, after graduation, its own pool.

Asset

What a coin is priced in: ETH, a dollar or a tokenised share, from the platform’s list.

Curve

The contract a coin trades against before it graduates, minting and burning coins at its own price.

Raise target

How much of its asset a curve must hold to graduate.

Graduation

The moment a curve fills and the coin moves to its own locked pool.

Pool

A Uniswap V3 pool on the platform, pairing a coin with its asset.

Outbid

The front-page auction, and the act of taking the top spot.

Bid

A payment toward a USDG coin’s position, in USDG. Its total is the rank.

Next bid

What it costs, right now, to take or defend the top spot.

Top spot

Position #1 on the Outbid board, which leads the front page.

Burn

Taking tokens out of circulation for good: destroyed, or sent to the dead address.

Dead address

0x…dEaD, an address nobody holds the key to. Tokens sent there can never move again.

Snipe tax

The extra tax on buys in a coin’s first seconds.

Creator tax

An optional extra fee a creator sets at launch, paid to them in full.

Keeper

An allowlisted wallet that runs the $OUTBID buyback.

PONS

Robinhood Chain’s launchpad, where $OUTBID launches.