The grid,on chain.
$POWER settles against the real electricity grid. Calm operating weeks pay holders like capacity. Scarcity events shed supply like load. Every settlement keys to public interconnection data and posts on chain.
Seven grids on the board
Real-time prices and load across the North American interconnections. ERCOT is the live settlement reference. The remaining six are monitored regions scheduled for Phase 2 strikes.
Fees in.
Grid decides
what comes out.
Every trade routes fees into the operating reserve. What happens to that pool is settled by the actual electricity grid, one operating period at a time.
Fees accrue
$POWER trades carry a 5% pool fee. The creator share flows to the operating reserve continuously through each weekly operating period.
The fee is not rent, it is the pool being settled. It is the only thing that funds a capacity payment and the only thing that builds a reserve margin. At 1% a normal week produces a pool too small to be worth settling and the mechanic is decoration. 5% is where a week of ordinary volume produces something with teeth. Full reasoning →
Calm week: capacity payments
If the reference grid stays below the strike all week, the period settles normal. 60% of accrued fees distribute pro-rata to holders, the way grids pay generators to stand by. 40% rolls into the reserve margin.
Scarcity: load shed
If ERCOT real-time clears $1,000/MWh in any interval, or any Energy Emergency Alert is declared, the period settles scarce. That week's fees plus the entire standing reserve margin burn to the dead address.
trades ──5% fee──▶ OPERATING RESERVE ──▶ operating period closes (Sun 24:00 UTC) │ ┌─────────────────────┴──────────────────────┐ grid stayed calm grid went scarce │ │ 60% capacity payment → holders 100% of pool + reserve 40% → reserve margin (rolls) margin → burn (load shed)
Operating period OP-08 is live
Settlement runs on the grid's clock, not ours. Periods open Monday 00:00 UTC and close Sunday 24:00 UTC. Every disposition posts on chain with the transaction linked below.
Reference sits at 5.8% of the strike. Evening ramp and heat advisories are the usual movers. An EEA declaration settles the period scarce regardless of price.
| Period | Dates | Fees accrued | Disposition | Holders / burn | Tx |
|---|---|---|---|---|---|
| OP-07 | Aug 31 – Sep 6 | 11.6M | CAPACITY | 7.0M paid · 4.6M reserved | view |
| OP-06 | Aug 24 – 30 | 9.8M | CAPACITY | 5.9M paid · 3.9M reserved | view |
| OP-05 | Aug 17 – 23 | 12.1M | CAPACITY | 7.3M paid · 4.8M reserved | view |
| OP-04 | Aug 10 – 16 | 26.7M | SCARCITY BURN | 56.6M burned incl. reserve | view |
| OP-03 | Aug 3 – 9 | 18.2M | CAPACITY | 10.9M paid · 7.3M reserved | view |
| OP-02 | Jul 27 – Aug 2 | 34.9M | CAPACITY | 20.9M paid · 14.0M reserved | view |
| OP-01 | Jul 20 – 26 | 21.4M | CAPACITY | 12.8M paid · 8.6M reserved | view |
When the grid breaks, supply burns
Load shed is involuntary. So is this. Scarcity settlements send the accrued pool and the full reserve margin to the dead address, permanently.
$POWER removed from supply · 5.66% of the 1B fixed cap · verified at the dead address
Next scarcity event burns the standing reserve margin of 13.3M plus whatever OP-08 has accrued by then.
Fixed supply, settled by weather and load
| Enforced by contract | Operated as policy |
|---|---|
| Fixed 1B supply. Standard pons deployment, no mint or pause functions. | Settlement execution. The desk runs epoch settlement from the reserve wallet and publishes every transaction. It is a policy commitment, not contract code. |
| Liquidity lock. LP is created and locked by the launchpad at graduation. It was never creator-held. | Strike and cadence. The $1,000/MWh strike, EEA trigger, and weekly period are published parameters. Changes are announced one full period in advance, never mid-period. |
| Pool fee routing. The 5% fee and creator share are set at launch by the pons factory. | Feed selection. Which public ISO feed is authoritative, and the fallback if it goes down, is documented policy. Disputes resolve against the ISO's own published record. |
We name this split ourselves because it is where the honest risk lives. What the contract enforces cannot be changed by anyone. What the desk operates as policy depends on the desk doing it, in public, every period.
Docs
Build order
Phase 1 · Single reference
$POWER live on Robinhood Chain via pons, settling weekly against the ERCOT real-time reference with published transactions, and capacity payments batched through the threshold payout engine.
Phase 2 · Multi-grid
Strikes on CAISO, PJM, MISO, NYISO, ISO-NE, and SPP, an automated settlement bot with public logs, an interval-level settlement archive, and a winter storm event class alongside heat.
Phase 3 · Event markets
A basis board putting our strikes beside Kalshi and Polymarket odds on the same events, resolution mirroring against listed event markets, and reserve-held positions pending legal review.