Pons V2 Upgrade Puts NVDA and AAPL Pairs on a Memecoin Launchpad

Pons is preparing to overhaul how tokens launch and trade on Robinhood Chain. The upcoming Pons V2 upgrade introduces an ETH-based bonding curve, deep integration with Uniswap V4, and creator payouts denominated in ETH by default — a significant architectural shift that also opens the door to trading tokenized real-world assets directly on the launchpad.

Key takeaways

• Pons V2 replaces its previous launch model with an ETH bonding curve that graduates liquidity to a permanently locked Uniswap V4 pool at a 4.2 ETH threshold.
• Creators will receive protocol fees in ETH by default, with options to select stablecoins or tokenized real-world assets such as USDG at deployment.
• Custom trading pairs now include tokenized equity tokens — NVDA, AAPL, and HOOD — alongside stablecoin USDG.
• Trading restrictions are removed for regular wallets; only developer wallets remain configurable.
• The upgrade is scheduled for next week, though contracts are still undergoing audits with two partners and features may change before deployment.

Pons V2 upgrade central features

ETH bonding curve and Uniswap V4 liquidity integration

The most structurally meaningful change in Pons V2 is the move to an ETH-denominated bonding curve for new token launches. Under the new model, a token stays on the bonding curve until it hits the 4.2 ETH graduation threshold — the same level used previously — at which point an automated two-step process migrates the accumulated liquidity into a full-range Uniswap V4 position. That position is then permanently locked, meaning liquidity cannot be withdrawn after graduation.

That last detail matters more than it might appear. Permanently locking post-graduation liquidity directly addresses one of the most common attack vectors in launchpad ecosystems: the rug pull. By removing the ability for any party to drain the pool once a token graduates, Pons is building a structural guarantee rather than relying on social trust or voluntary lock-up periods.

The Uniswap V4 integration also enables the use of Hooks — programmable logic that executes alongside pool operations — which is what allows fees to be collected and converted into ETH within the liquidity pool itself, rather than accumulating as small balances of the launched token.

Creator payouts default to ETH with multi-asset options

Creator payouts shifting to ETH by default is more than a convenience feature. Under the previous model, creators accumulated fees in their own launched tokens — assets that were often thinly traded memecoins. Selling those tokens on the open market created sell pressure, which could undermine the very communities creators were building.

V2 breaks that loop. Fee conversion happens at the pool level, so creators receive ETH without needing to touch the token market. Those who want exposure to a different asset can opt at deployment to receive fees in stablecoins or tokenized real-world assets, with USDG named as a supported option. Developers who want holdings in their own token will need to buy in through the market like everyone else.

Expanded trading pairs for tokenized real-world assets

Pons V2 will also allow developers to launch tokens against custom quote assets beyond ETH. The announcement listed USDG, NVDA, AAPL, and HOOD as examples — a lineup that reads less like a memecoin launchpad feature set and more like an early attempt to bridge speculative token trading with tokenized financial markets.

This is strategically significant given Robinhood Chain’s broader ambitions. The Ethereum Layer 2 network has already introduced transferable stock tokens backed one-for-one by underlying shares, positioning itself as infrastructure for tokenized securities alongside decentralized finance. A launchpad that lets developers create markets paired against tokenized equities fits directly into that architecture.

Policy and governance enhancements

Removal of trading restrictions for regular wallets

In Pons V2, trading restrictions for regular wallets are removed entirely. Only developer wallets will retain configurable restrictions. According to the team, this change is designed to eliminate the failed transactions that third-party trading applications experienced under the V1 model, where wallet-level restrictions sometimes blocked valid trades.

It is also a signal about where Pons sees the V1 problems originating. The protocol acknowledged dealing with several attacks following its initial launch and said it stabilized operations with infrastructure partners before designing V2. Opening up free trading for all non-developer wallets reflects confidence that the new architecture handles those edge cases at the contract level rather than through restrictions.

Governance features including CTO with timelock and optional transaction tax

On the governance side, V2 introduces a CTO feature protected by a three-day timelock. The team explained that an oversight in V1 contracts had prevented protocol administrators from changing the fee recipient — a gap that the timelock mechanism is meant to close while also giving communities advance notice if anyone attempts to seize control of a project maliciously.

An optional transaction tax on token purchases and sales is also planned. The protocol said integration partners could direct those collected fees toward holder incentives through reflection-style token models. The specific use cases for this tax are flexible by design, but the option adds a meaningful governance lever for token deployers building more complex economic structures around their communities.

Market context and deployment status

Scheduled update timeline and ongoing contract audits

The Pons V2 upgrade is scheduled for next week. However, the team noted that contracts are still undergoing audits with two partners, which means every feature listed remains subject to change until the final deployment. The team’s decision to announce publicly before audits are complete reflects the competitive pressure in the Robinhood Chain launchpad space — but it also means the eventual live product may differ from what has been described.

Launchpad competition changes following Noxa’s exit

The timing of the V2 announcement is not incidental. Robinhood Chain’s launchpad market shifted abruptly when Noxa — the platform that had claimed roughly 75% of all token deployments on the network — halted new launches on July 11. By that point, Noxa had generated more than $12 million in protocol fees across over 60,000 token launches. Its departure triggered declines in several of the chain’s most actively traded memecoins, including CASHCAT, and left a substantial gap in the market.

Rival launchpads including flap.sh, trensh.today, bankr, and Pons have all been competing for the displaced activity since then. Pons’s V2 announcement arrives in that context — positioning itself not just as a Noxa replacement but as a more technically sophisticated alternative with features that none of the current competitors have publicly matched.

Memecoin dominance despite tokenized asset expansion

Despite the network’s long-term focus on tokenized financial products, speculative activity continues to dominate actual volume. According to a FalconX research primer, Robinhood Chain accumulated approximately $431 million in total value locked, nearly $400 million in stablecoin market capitalization, and close to $9 billion in cumulative decentralized exchange volume within three weeks of launch — but more than 80% of that DEX activity still came from memecoin trading.

That tension is the real strategic backdrop for everything Pons is building. The platform’s V2 architecture is designed to work in both environments simultaneously: it preserves the fast, permissionless token launch mechanics that memecoin traders expect while layering in real-world asset trading pairs that could attract a structurally different kind of user. Whether the same product can serve both audiences effectively — or whether the memecoin crowd crowds out everything else — is the open question Pons V2 will have to answer in practice.

FAQ

What are the key features of the Pons V2 upgrade?

Pons V2 introduces an ETH-based bonding curve, integration with Uniswap V4 using Hooks for in-pool fee conversion, default creator payouts in ETH, and support for trading tokenized real-world assets including USDG, NVDA, AAPL, and HOOD as custom quote tokens.

How does the liquidity migration work in Pons V2?

Liquidity stays on the ETH bonding curve until a token reaches the 4.2 ETH graduation threshold, at which point an automated two-step process migrates it into a permanently locked full-range Uniswap V4 liquidity pool. If the token is paired with an asset other than ETH, the accumulated ETH is first swapped into the selected quote asset before the pool is created. Once locked, liquidity cannot be withdrawn.

What governance improvements does Pons V2 implement?

Pons V2 adds a CTO role feature protected by a three-day timelock on critical changes, addressing a gap in the V1 contracts that prevented administrators from updating the fee recipient. It also introduces an optional transaction tax on token purchases and sales that integration partners can use for holder incentive mechanisms.

When will the Pons V2 upgrade be launched?

The upgrade is scheduled for next week, but contracts are still undergoing audits with two partners. As a result, the features described may change before the final deployment goes live.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.