The reserve is a share of a company, not a token of itself.
satohood is issued by a contract on Robinhood Chain. You deposit NVDA, a formula decides the price, and the NVDA stays in the contract until someone burns satohood to take it back out. No one operates it.
0 NVDA deposited
2,302 NVDA — 99% of the ceiling
Minting needs NVDA and a little ETH for gas, and takes two transactions: one to approve, one to mint. Burning needs satohood and gas.
Calls SatohoodRouter, which routes to the curve pool unconditionally.
0xDFba3F26a8B077C4582B01E10F238d982A899D12
0xDFba3F26a8B077C4582B01E10F238d982A899D12
No wallet in this browser. On a phone, open satohood.org inside your wallet’s own browser. On a desktop, install a wallet extension. Nothing on this page will ever ask for a seed phrase or a private key.
- Supply
- Awaiting deployment
- Reserve
- Awaiting deployment
- Price
- Awaiting deployment
What the price does
Each mint costs more NVDA than the one before it, by a fixed exponential rule computed on chain. There is no order book, no liquidity provider, and no counterparty. The contract quotes a price to everybody at the same curve position, and every mint advances that position.
The panel above reads its prices from the contract itself. Check the address it calls against what your wallet shows you before signing anything: it should be the router, and nothing else.
The shape of the trade
The curve compresses both directions, and by more than most people expect. Say you deposit $100 when the market capitalisation is $10,000, and NVDA's own price does not move afterwards.
| If market cap becomes | Your $100 is worth | |
|---|---|---|
| $100,000 | $170.14 | +70% |
| $30,000 | $114.90 | +15% |
| $10,000 (unchanged) | $99.12 | −1% |
| $3,000 | $93.59 | −6% |
| $1,000 | $92.01 | −8% |
| $300 | $91.46 | −9% |
A tenfold rise returns 70%. A 97% collapse costs 9%. Neither number is something we chose; both fall out of the arithmetic.
Market capitalisation can only fall when people burn, and burning takes reserve out along with supply, so what backs each remaining token barely moves. On the way up the opposite happens: supply grows much faster than price, which is what caps the value of arriving early.
Read that for what it is. This is built to lose you very little, not to make you a lot. If you want something that can multiply, this is the wrong contract. The only way you lose more than the fee is if the reserve asset itself fails.
What sits in the reserve
NVDA on Robinhood Chain is not a NVIDIA share. It is a tokenised debt security issued by Robinhood Assets (Jersey) Limited that gives economic exposure to the share price. It carries no voting rights and no legal claim on NVIDIA or on the underlying stock. satohood has no relationship with NVIDIA or with Robinhood, and neither endorses it.
The contract counts raw ERC-20 units. When a split or a dividend changes the token's corporate-action multiplier, raw balances do not move, so the curve does not move either.
- Reserve assetNVDA, 18 decimals, held directly by the curve contract
- Ceiling21,000,000 satohood, approached and never reached
- Curve scale500 NVDA
- Per mint5 NVDA maximum
- ExitBurn through the curve. There is no withdraw function.
Where the fee goes
0.19% to the founder
0.21% locked in the contract
99.6% to the reserve
0.4% is taken on the NVDA side of every mint and every burn. Just under half of it goes to one address, written into the contract at deployment and unchangeable afterwards. The rest stays where nobody can reach it, including us: it is friction that makes round-tripping the curve cost something, and it grows the reserve in favour of whoever burns later.
What can go wrong
The reserve asset has an operator
satohood's contract cannot be changed by anyone. NVDA can. Its contract carries a pause flag, Robinhood-issued tokens share one upgradeable implementation, and the chain screens transactions at the sequencer. If NVDA is paused, minting and burning both revert: nothing is taken, but nobody can exit until it resumes.
satohood is NVDA exposure with curve risk on top
Holding satohood is a claim on a quantity of NVDA that the curve sets. That quantity is denominated in NVDA, so a move in NVDA's dollar price moves your position one for one, and the curve's own movement multiplies on top of it: total return = curve return × NVDA return. A tenfold rise in the curve alongside a 50% rise in NVDA leaves $100 at $255, not at $1,000.
If the NVIDIA exposure is all you want, buy NVDA directly. It is simpler, deeper, more liquid, and carries none of the curve risk.
The float is small
All tokenised NVDA in existence is a market of roughly fifteen million dollars. The binding constraint on this contract is not the formula but how much of that asset exists.
Nobody has audited this
The contract is small, unowned and tested, which limits what a bug can do. It does not eliminate it. There is no team, no support channel and no recourse.
Contracts
The hook and the token are verified on Blockscout, exact match. Read the source there rather than taking any of this on trust: the fee address and every curve parameter sit in the constructor arguments.
reserve0xd0601CE157Db5bdC3162BbaC2a2C8aF5320D9EEC
manager0x8366a39CC670B4001A1121B8F6A443A643e40951
chainRobinhood Chain, 4663