One vault binds one token and nothing else. Sell tax arrives as native ETH and joins the reserve. The floor is the reserve divided by circulating supply — it ratchets to the high-water mark and has no path downward. Holders redeem at the floor; redeemed tokens leave supply, so a redemption can never dilute the floor. Nothing here is discretionary.
Every sell of $EYE routes its tax as native ETH into the vault reserve. The vault is the token’s beneficiary. In this testnet you can also send ETH directly to the vault to raise the floor by hand.
The live floor is reserve divided by circulating supply. It is ratcheted to the high-water mark and has no path downward. Anyone may call ratchet to record it.
Holders redeem $EYE for ETH at the floor rate. Redeemed tokens lock in the vault and leave circulating supply, so a redemption can never dilute the floor for remaining holders.
The vault holds one bound token and nothing else. There is no second pool, no points programme, and no launchpad. Tax accrues only during the token’s tax window; after it expires the floor stops growing but never decreases.
| Metric | Value |
|---|---|
| Reading vault… | |
The vault records the high-water mark, not a full event history. Every value above is a live read from the FlapFloorVault contract on Robinhood Chain mainnet.
Redeem pays the floor rate and locks your $EYE in the vault — removing it from supply so the floor cannot drop. Ratchet records the live floor; anyone may call it.
The floor is the ETH reserve divided by circulating $EYE supply. It only rises. It is not a promise that you can sell $EYE on a market at that price — only that the vault will redeem at it while the reserve and supply hold.
The vault, the test token, and their interaction have not been audited. Treat any ETH in the reserve as at-risk. Nothing is reversible, and nobody can restore funds lost to a contract fault.
ETH enters the reserve only when tax is pushed. In this test that is a manual pushTax. After a real token’s tax window expires the reserve stops growing — the floor plateaus but never decreases. The real Flap Portal tax flow is not proven here.
redeem() pays floor × amount and locks your $EYE in the vault, removing it from circulating supply. A redemption can never lower the floor. Payout is capped to available reserve by the contract’s solvency guard.
This is live on Robinhood Chain mainnet with real ETH and real $EYE. The $EYE token is a throwaway test coin (EyeTestTaxToken) with a manual pushTax — not a real Flap-launched token, no bonding curve, no market. The real Flap Portal launchToken path is unproven.
The vault binds one token and nothing else. There is no second pool, no points programme, and no launchpad for other coins. The scope is the scope.