How Onagi
works.

Overview

Onagi brings token swaps, perpetuals and prediction markets together on Robinhood Chain. Trade yourself or let the autopilot trade perps within the budget you give it.

1. You own the money. Your wallet and venue accounts stay in your name. Onagi has a limited trading permission, which you can revoke. Custody and permissions.
2. Fees fund the ecosystem. Trading fees fund holder rewards, the treasury and buyback. The same published rules apply to both fee sources. Reward rules.
3. The record is public. Rewards, conversions and burns have on-chain evidence. How to verify it.

Your money: the custody model

Onagi does not hold user funds. Sign-in creates your embedded wallet. Your embedded wallet is yours; its key is secured by Privy, not by Onagi. You grant a limited permission to trade through four pockets in your name.

The permission, precisely

The same limited signing permission applies to every user. Your wallet signs changes to the agent switch on the Agent page.

Onagi will never ask for your recovery phrase or your private key. Anyone who asks is a scammer, whatever they claim to be.

Moving money

Use Transfer in your profile, or ask in chat and confirm the prepared card; minimum move $2. Perps and Autopilot move into each other instantly, with no minimum; Cash to Autopilot goes through Perps on its own. The + beside a Perps or Predict ticket's balance opens Transfer with that pocket selected. To send money outside Onagi, first move it back to Cash, then send it yourself from your wallet.

Margin: isolated per position

New perps positions use isolated margin: each has its own margin and liquidation price, so its loss is limited to that margin. An existing position in shared margin keeps that mode when you add to it. Leverage multiplies exposure, not balance: $10 of margin at 10x is a $100 position.

An isolated trade can lose its margin fast. The venue closes it when the remaining margin reaches the maintenance level. At 10x that is a move of about 9% against you, at 20x about 4%. Read the liquidation price on the ticket and position, not only the leverage number. The same rule applies to positions the agent opens.

Architecture

Four layers connect your wallet to the markets and the fee pipeline. The execution layer acts on venues with your permission, in your name.

Onagi is not the counterparty to your trades and does not hold your margin. All interfaces use the same checks. Buybacks run from a separate burn wallet.

Autopilot: trading and the agent

You choose the budget; the autopilot chooses the trades. Its budget is the money in your Autopilot pocket, a second account under your own Lighter account, kept apart from your own perps trades. It trades perpetuals only and needs at least $100 there to start.

Limits you control

Every autopilot order goes through the shared execution path and uses the balance in your Autopilot pocket as its budget.

What the agent trades

The autopilot uses a short list of liquid perpetual markets. Tokens and predictions are manual orders. You can search by token address on the Tokens board. Perp orders must meet the minimum size set by the exchange for each market; token swaps have no minimum. Once started, the autopilot can continue below $100 while its balance still covers a valid order.

Ask it what is going on

In Telegram or on the Agent page, ask for a chart reading, a token's background, a prediction market's resolution rules, or news with its source and age. The agent explains the data; your manual trading decisions stay yours.

Launchpad tokens: you can, the autopilot won't

Launchpad trading is excluded from the autopilot. You can trade listed tokens yourself from the Tokens board.

The Tokens board labels Pons and LONG launches separately. Bonding tracks Pons by curve progress and LONG by progress toward a $50K market cap, when it joins the main board.

Brakes

There is no total-loss shutdown. After a daily pause, the autopilot can trade again the next day while its balance covers a valid order, unless you switch it off.

Execution and guards

Every perps and token order, whether it comes from the site, from chat or from the autopilot, is checked by the same guard before it reaches a venue and is checked again after it fills. Prediction tickets pass their own checks before they are sent. Figure 9 shows the lifecycle.

Guard checks

The guard runs the same checks for every perps and token order. A check that fails rejects the order before anything reaches the venue, and the reason is shown to you.

Failure handling

Fee schedule

These are Onagi's trading fees. Manual and autopilot orders pay the same rates, with no exemptions.

• Tokens: 1% per platform swap. Charged in USDG from your Cash wallet. Token swaps have no minimum size.
• Perpetuals: 0.10% per order is Onagi's share, on top of the venue's own fee. Liquidation carries a separate venue fee on the position size, at that market's current rate. Each market has a minimum order size set by the exchange, read live per market. It moves with price. Onagi's own floor is $11: an order needs $11 or the market's higher minimum.
• Predictions: 1% when you buy a ticket, and 1% if you sell before resolution. Hold to resolution and there is no fee on the payout. Some markets also carry Polymarket's own fee, which depends on the price; tap the price on the ticket to see both fees in dollars before you buy.
• Bringing money from another network: 0.5% of the amount is Onagi's share, taken inside the bridge; the same applies when Bring converts ETH already in your wallet. The bridge (Relay) adds its own fee. The approval window shows both in dollars before you slide.

ONAGI trading on Pons

ONAGI buys and sells pay 3% in total: Pons' 1% base fee plus Onagi's 2% creator fee.

2.7% goes to the pool: 0.7% from the base fee plus the full creator fee. The remaining 0.3% stays with Pons. These percentages are shares of trading volume, on both buys and sells. These fees enter the fee pool after they are claimed from Fee Escrow.

Fee allocation and holder rewards

Platform trading fees and ONAGI creator fees fund the same fee pool. The current allocation and eligibility rules are public; changes are announced before they take effect.

Current parameters. The record file publishes the running values.

The cycle, step by step

1. Collect fees. Platform fees reach the treasury. ONAGI creator fees follow the Pons fee breakdown above. They first accrue in Pons Fee Escrow and enter this pool only after they are claimed into the treasury.
2. Allocate the pool. 25% to the treasury goes to its cold wallet in ETH, for infrastructure and the team; 25% to the buyback wallet is sent in ETH. The 50% for holder rewards is converted to USDG. Existing unsent holder balances and the gas cushion are reserved, not counted as new fees.
3. Snapshot eligible wallets. Each wallet counts with the smaller of its balance now and its balance at the snapshot one hour earlier. The first hourly check after launch has no earlier snapshot, so no round opens then; the pool carries over to the next hour and nothing is lost. Exclude the Pons curve, liquidity pool, permanent locker and Fee Escrow; treasury, vesting, buyback and other platform wallets; exchange and bot addresses that the team lists by hand. A wallet that never signed in receives no new share. The platform never rewards its own wallets; individually owned team wallets can qualify after vested tokens are transferred to them.
4. Send and record. Allocate the holder rewards pool in proportion to eligible balances, with no cap. Send USDG directly to each wallet that clears the net floor: no credit, no lock, no expiry. Carry smaller amounts in that wallet's name. Publish the completed cycle and its transaction hashes. Buybacks and burns run separately from the rewards.

// A wallet counts with the smaller of its two hourly balances.
counted(w)  = min(balance(w, now), balance(w, oneHourAgo))

// A wallet is eligible when all three hold at the snapshot.
eligible(w) = counted(w) >= 10_000 ONAGI
           && signedInOnce(w)
           && w ∉ EXCLUDED   // pool, locker, treasury, vesting, buyback, hand-listed exchanges and bots

// The holder rewards pool, after conversion to USDG.
feePool = newFeesAfterReserves
rewardsPool = convertToUSDG(feePool * 0.50)

// Before gas, for balances that all remain eligible.
share(w) = rewardsPool * counted(w) / sum(counted(v) for v in eligible)

// Only send when the net transfer clears the floor.
net(w) = accrued(w) + share(w) - networkFee
if net(w) >= 0.50 then send(w, net(w)); accrued(w) = 0
else                accrued(w) = accrued(w) + share(w)   // carried in the wallet's name

Nothing is held back

There is no reward cap or discretionary extra share. Below the pool threshold, funds wait for the next check. Below the reward floor, your share stays recorded for your wallet. Rounding remainders join the next cycle; the gas reserve covers network costs.

Splitting eligible balances brings no extra share. Proportional allocation is the same before gas only if every wallet still meets the token threshold and sign-in rule. More wallets can mean more transfer fees or longer waits to clear the floor.

Verification

Open the public rewards record to see completed cycles. Transaction hashes let you check the money on-chain, independently of the totals shown on the site.

The record file

The cycle ledger is served as a static JSON document at /data/cycles.json. It is written only after a cycle has completed on-chain; a cycle that is still running never appears in it. The fields are stable and are what the site's own record page reads.

Public wallets

All are Robinhood Chain addresses, live and readable on the explorer today. None ever counts as a holder.

What to check, and how

Token, buyback and burn

The launch supply is 1,000,000,000 ONAGI. The token page introduces the launch; these are the allocation and operating rules.

The vesting contract address is published on our channels, so its terms can be checked on-chain.

What the treasury tokens are for

The 8% is the project's only stock of its own token, and the treasury decides how to use it: the team's pay and running costs, liquidity on new venues, listings, partnerships and campaigns. Every movement from the treasury wallet is public on Robinhood Chain. Tokens handed to individual team members become ordinary holdings; those wallets sign in and receive rewards like everyone else, while the treasury wallet itself never does.

Buyback and burn

The buyback allocation funds open-market purchases followed by burns:

• Its own wallet, its own key. ETH accumulates in the published buyback wallet, apart from the treasury, and that wallet has a key of its own.
• Hourly and automatic. Every hour, after the rewards cycle has moved the buyback share into the wallet, a scheduled run buys with the ETH that has built up, within the limits below. Nobody starts it by hand. If a run cannot complete, the ETH stays in the buyback wallet for the next run; if runs keep failing, the team is alerted. Runs pause while an emergency stop is in place.
• Small and regular. Purchases are spread out to limit price impact and exposure to sniping bots: at most five purchases of up to 0.02 ETH each per run, with a 1% slippage limit.
• Burned, not held. Every token bought goes to the burn address; circulating supply falls.
• Public. Every purchase and every burn is a transaction anyone can find.

Questions