Envy Capital Management

Envy is a seigniorage protocol on Robinhood Chain built around three tokens. Everything is priced against NVDA; ENVY targets a 1:1 peg to it; and EQUITY is the share token that collects newly printed ENVY when the system expands.

Trading happens on two Uniswap v4 pools (NVDA/ENVY and NVDA/EQUITY). Every swap pays a 5% fee, always collected in NVDA, to the protocol fee wallet — liquidity providers take 0%. The same hook that collects the fee records a manipulation-resistant average price (TWAP, checkpointed every 10 minutes) that the rest of the protocol trusts as its oracle.

Time is divided into 6-hour epochs. Once per epoch, anyone may poke the treasury. It reads ENVY's 6-hour average price: at or above 1 NVDA, it mints new ENVY and hands it to the Registrar to be split among lockers by weight. Below peg, nothing happens — there is no buyback and no bond mechanism; the only sink is voluntary burning at the Trading Market.

How much is printed is a percentage of circulating supply that shrinks as the protocol grows: 4.5% per epoch while under 500k circulating, stepping down to 1.0% beyond 50m. Unclaimed rewards sitting in the Registrar do not count as circulating, so they never inflate the next print.

Lock EQUITY and receive an sEQUITY ERC-721. Locks run from 6 hours to 30 days, and every lock end snaps UP to the next epoch boundary — the committed window is never shorter than requested, but can run up to one epoch longer.

Earning power is amount × remaining time, capped at 7 days: a 7-day lock and a 30-day lock earn identically while both have at least 7 days left — the extra duration only delays withdrawal. Inside the final 7 days, power decays linearly to zero, so keeping a full share means extending. Each epoch's print is split by power at that instant.

A permanent lock burns the EQUITY outright and pins the position at full power forever — the deflationary mechanism, not an accident. Permanent positions can never withdraw. For all positions, withdrawing after expiry pays out pending rewards in the same transaction.

Burn ENVY — destroyed outright, which supports the peg — and receive EQUITY at a 10% bonus over the market cross rate (operator-adjustable, capped at +50%). The rate uses 1-hour TWAPs of both pools, so a same-block price pump cannot move it. What you receive arrives pre-locked for 7 days as an sEQUITY position. Burns are rate-limited: no more ENVY can be burned in an epoch than the treasury would print in it, so EQUITY can never be issued faster than ENVY expands.

Deposit blue-chip treasury assets (NVDA, SpaceX, AAPL, TSLA, MSFT, GOOGL, USDG) for discounted, locked EQUITY. The desk in the app is a working preview against simulated data — the bonding contract is in development.

Two managed Gamma vaults: ENVY–EQUITY provides passive full-range liquidity, while ENVY–NVDA concentrates in a tight 0.9999–1.0001 band weighted toward NVDA, rewarding the closest peg defenders. Depositing mints the vault's ERC-20 token; staking that token earns EQUITY. The desk in the app is a working preview against simulated data — the vaults and rewarder are in development.

The interface is connected to chain id 4663. These are the exact addresses the app reads and writes — they come from the same configuration, so this table can never drift from reality.

The peg is a target, not a guarantee. When ENVY trades below 1 NVDA, the protocol does nothing — no buyback, no contraction. Seigniorage systems can trade below peg for extended periods.

Permanent locks are irreversible: the EQUITY is burned and the principal can never be recovered. Timed locks cannot exit before their unlock, though the position NFT itself can be sold.

The money printer is armed by an on-chain average price from pools that start with a very small permanent seed of liquidity; until depth grows, that price can move on modest volume. Smart contracts may contain defects; audits reduce but do not eliminate risk. Figures shown as APR are estimates from current state, not a prediction.