WHAT IS 기억 ($SEMI)?
CORE Vault, 2020: fixed supply, liquidity locked forever,
farming paid by transfer fees instead of printing. The floor
was ETH.
기억, 2026: same religion, better collateral. $SEMI trades
in one Uniswap v4 pool against $MEM - a basket token holding
fixed units of four Robinhood Chain stock tokens:
SKHY SK hynix $25-weight
MU Micron $25-weight
SNDK SanDisk $25-weight
TSM TSMC $25-weight
$MEM mints and redeems in kind at any hour. No oracle, no
manager, no fee, no owner. 1 MEM is always the same four
amounts of stock.
THE MECHANICS
- 1,000,000,000 SEMI. Minted once. No mint function exists.
- 95% of supply + the whole seed basket -> the pool at launch.
The LP position is owned by a contract with no withdraw
function. Locked forever, not by a locker, by the absence
of a door.
- every swap pays 5%:
2.5% is converted to MEM and COMPOUNDED into the locked
pool. this is the floor engine. it only goes up.
2.5% goes to the treasury.
- ANTI-SNIPE: for the first 3 minutes after the pool opens
the fee starts at 25% and decays quadratically to 5%
(t=0 25%, 60s 14%, 2min 7%). bots donate to the floor.
during those minutes no swap may take more than 10% of
the pool in one bite. all constants, no admin, no re-arm.
- harvest() is public. anyone can pull the lever.
- the dev bag is 5%, disclosed, and subject to the same tax
as everyone else.
THE FLOOR
Because the LP can never leave and fees keep deepening it,
there is a minimum amount of MEM the pool will always pay
for SEMI. That minimum is denominated in semiconductor
stock, and it rises with every harvest. In a semiconductor
supercycle the floor rises in dollars even at zero volume.
RISKS, WITHOUT MAKEUP
Stock tokens are tokenized debt of Robinhood Assets (Jersey)
Ltd, not shares. The stocks price 6.5h/day; this pool trades
24/7, so weekends drift until arbitrage reopens. The seed is
unrecoverable by design - that is the whole point.
This is an experiment on a frontier chain. Size accordingly.