Life Is Short

Auction Changes Market conditions and onchain activity have slowed across the broader ecosystem. The team has closely monitored issuance since launch, making adjustments to limit unnecessary dilution as market conditions evolve. As a result, Charter auctions will be temporarily paused, and Branch issuance will be reduced to 15 Branches per auction. These changes will take effect in 24 hours (after two more auction cycles).

King of the Markets has officially concluded. KotM was built to pilot and prove out the Reserve's liquidity thesis, and the results have surpassed all expectations. A more detailed breakdown of the data will be released this week, but for now, some important information regarding rewards. 1) A big part of this process is making sure the reward pool isn't being diluted by sybils and people who tried to game the system (wash traders and token ruggers) so we're taking the time to review all the data before distributing anything. We've already begun filtering through transaction data to identify wash trading and accounts that attempted to artificially farm points. We want to make sure rewards go to legitimate traders and deployers, not those who tried to game the system. 2) In approximately 6.5 hours, the KotM page will update to show your trading and launchpad activity. You'll be asked to sign with your wallet to confirm where you'd like to receive your rewards and in which token. This is completely free, requires no gas, and takes about 5 seconds. 3) You'll have 120 hours (5 days) to complete this step. If you don't sign within that window, you will not be eligible to receive rewards. Once the 120 hours are up, we'll run one final filter and redistribute any unclaimed rewards from wallets that didn't sign among eligible wallets that did. 4) For those who traded through FOMO, unfortunately, FOMO doesn't make its wallet API public, which makes tracking your activity extremely difficult. We still want to make sure FOMO users aren't left out of rewards, so the best solution we have for now is to export your EVM private key from FOMO and import it into a compatible wallet. From there, check the FOMO box and complete your payout confirmation, even if your stats show zero activity. We'll manually review these wallets over the coming days to make sure legitimate activity is accounted for. Please only import your private key into a trusted wallet app. Never share it with anyone or enter it on the KotM website. 5) Once the final filtering and redistribution are complete, rewards will be airdropped directly to your specified wallet in your selected currency. We appreciate everyone who participated in the pilot. The results have given us a lot of confidence in what we're building, and there's much more to come.

King of the Markets was a pilot to prove that the Reserve could own the liquidity behind Stock Tokens and become the liquidity backbone of Robinhood Chain. The data has strengthened our conviction in this thesis and exceeded our expectations. Let's dive into the numbers.