Fletch is a token backed by a real-asset reserve. Mint fees and external yield feed the floor — the price you can always redeem for — so it keeps climbing even when trading stops.
The reserve is denominated in USDG — a dollar stablecoin — and put to work on Morpho. Four inputs push the floor up. None can pull it down.
NVDA, AAPL and more, tokenized on Robinhood Chain. A backing narrative no other chain can copy.
A dollar stablecoin holds the guaranteed floor steady while the rest compounds.
2.5% on every mint stays in the reserve. More volume, higher floor — the same engine as before.
~7% from Morpho keeps compounding into the reserve even at zero volume. This is the new engine.
Fee-only protocols grow while people trade and stall the moment they don't. Fletch keeps a second engine running.
Peak → plateau → drift down.
Yield compounds regardless.
Three actions, one guarantee: you can always redeem for the floor, and the floor never falls.
Deposit USDG, receive FLETCH at the current floor. The 2.5% fee stays in the reserve, so every mint nudges the floor up for everyone.
Lock FLETCH, borrow USDG up to 99% of its floor value. Loop mint → borrow → mint to build leverage. Interest paid up front flows straight back into the floor.
Burn FLETCH for its floor value in USDG, any time. Expired loans liquidate into the reserve — burning collateral and lifting the floor again.
On a chain full of rugs, the contract itself is the promise. Nothing about Fletch can be changed after launch — not by us, not by anyone.
No admin keys, no roles, no pause switch. There is no address that can touch the reserve or move your funds.
Fees, LTV and every parameter are constants set at deploy. No proxy, no upgrade path, no rewriting the rules later.
The monotonic floor is enforced in the contract and proven by invariant fuzzing across every sequence of actions.