$STOA

1. Protocol fees buy and burn $STOA

Every swap through Stoa on Robinhood Chain pays a 2 bps protocol fee to the FeeDistributor (referrers keep their 10% share). The FeeDistributor is owned by StoaBuyback, a contract with one way to move protocol fees out: swap them into $STOA through the Stoa router and send the $STOA to the burn address 0x…dEaD, in the same transaction.

• Every Monday a keeper wallet runs the buyback for each fee token worth at least $1 that has a route to $STOA. Smaller amounts wait for the next week. Fees that are already $STOA are burned without a swap.
• The keeper only chooses the route and a minimum output. Its script allows 2% slippage; the contract itself does not cap it, so a leaked keeper key could buy at a bad price (see L-4 in the security review). It cannot send fees anywhere else: the contract does not allow it.
• The buyback swap pays the normal 2 bps fee, in $STOA, which the next run burns too.
• $STOA graduated from its Pons bonding curve on 15 November 2026, so the buyback buys it from its Uniswap V4 pool, which Stoa routes. A buy there pays the pool's 2.8% Pons fee, the same rate as on the curve.
• The owner (the 48-hour timelock) keeps the FeeDistributor's other settings, such as the referral share, through StoaBuyback. It cannot withdraw protocol fees. Changing the policy itself would mean handing the FeeDistributor to a different contract, a public 48-hour timelock action like every other.

Every buyback emits BoughtAndBurned(token, amountIn, stoaBurned), and totalBurned() on StoaBuyback adds them up.

The handover of the FeeDistributor to StoaBuyback was scheduled in the timelock on 15 November 2026 (transaction) and runs from 17 November 2026. Fees collected before then are included in the first run.

Today this covers Robinhood Chain, where $STOA lives. Fees on Elysium stay in Elysium's FeeDistributor.

2. Makers bond $STOA

Stoa maker pools on Robinhood Chain are quoted by makers who bond $STOA in the BondRegistry.

• One bond per maker covers all its pools. A maker can quote a pool while the owner has approved it for that pool and its bond is at least the pool's minimum.
• A maker that posts abusive quotes can be slashed. Slashed $STOA is burned, not sent to anyone.
• Withdrawing a bond takes 3 days, longer than the 48-hour timelock, so a slash always lands before a maker can leave.
• Bonding opens with the first Robinhood Chain maker pool. A bond earns nothing by itself: it only lets an approved maker quote. To run a pool, see Become a curator.

3. Holders vote in Spotlight

From 23 November 2026, projects bid ETH every week for three sponsored slots on Stoa. Holders lock $STOA in SpotlightMarket and vote. The three largest bids with at least 1M $STOA of votes win: 90% of each goes to the holders who voted for it, and 10%, plus every entry fee, buys $STOA and burns it. Losing bids are refunded. Rules, numbers and risks: Spotlight.

Supply

$STOA has a fixed supply of 1,000,000,000, all minted at launch on Pons. Nothing can mint more.

• Total supply is everything minted minus what sits at the burn address 0x…dEaD.
• Circulating supply is the total supply minus the unsold $STOA still on the Pons bonding curve. When the curve graduates, that $STOA moves into the Uniswap V4 pool and counts as circulating.

The numbers are read from Robinhood Chain every 5 minutes and served for trackers and anyone else:

Endpoint	Returns
/api/stoa/supply	JSON: max, total, circulating, burned, on the curve, curve progress
/api/stoa/total-supply	Total supply as a plain number
/api/stoa/circulating-supply	Circulating supply as a plain number

Team wallet

Stoa's team account on fomo, @StoaDex, holds $STOA at 0xfe6f7c6e2ad2c3594fe7fb61c28c4499bbb83bf0. fomo gives a token's team a team tag, so holders on fomo see updates straight from the team, only if the team's fomo account holds at least 0.5% of supply. The team bought 6.8M $STOA (0.68%) on the Pons curve with 0.1 ETH on 15 November 2026 (transaction) and keeps at least 0.5% there while the tag is active. The live balance is on the $STOA page.

What $STOA is not

• Not a share of fees. Protocol fees burn $STOA. Holders are not paid from Stoa's fees.
• Not a promised yield. Bonding earns nothing by itself and can be slashed. Spotlight voters are paid only from what projects bid, which can be nothing in a given week.
• Not audited yet. StoaBuyback and BondRegistry are source-verified on Sourcify, like every Stoa contract, and covered by unit and fork tests. They have not had an external audit.

Contracts (Robinhood Chain)

Contract	Address
$STOA	0x13E6993417616De724F2b337D65063f229e96718
StoaBuyback	0x2Eb53EBA6f04447d9ce03B4AfB421887239ae244
BondRegistry	0x7eD43F104f9317578806De89e9d478D297d468D4
FeeDistributor	0x76c30317bB8C0bC47E2aC5D83b329FE9F386F4e7
SpotlightMarket	0xf3A995D4240c0F36da697E5292B294052a1706B5

Both new contracts are owned by the 48-hour timelock and verified on Sourcify (exact match).