Token holders
RAM and its related products
See what each product does and where rewards go.
Turn RAM into xRAM
Under the documented setup, converting 100 RAM creates 100 xRAM.
- Of that RAM, 50 is burned and 50 backs direct redemption.
- Directly redeeming 100 xRAM returns 50 RAM under the documented setup.
Full notes
RAM → xRAM
Under the documented setup, 100 RAM creates 100 xRAM: 50 RAM is burned and 50 RAM remains as direct-redemption backing. Direct redemption of 100 xRAM returns 50 RAM. Verify current settings and unstaking availability.
Stake xRAM to vote
Staked xRAM provides voting power for eligible pool reward contracts, called gauges.
- Stake xRAM to choose which eligible pools receive emissions.
- Your chosen staking product determines how voting and rewards are handled.
Full notes
Staked xRAM → voting
Staking xRAM supplies voting power for eligible pool gauges. Simply holding RAM or unstaked xRAM is not the same as participating in a reward strategy.
Let r33 or hyperRAM reinvest rewards
This wrapper represents staked xRAM. It votes automatically and reinvests rewards into the xRAM backing its shares.
- It is called hyperRAM on HyperEVM; r33 has a published Robinhood contract.
- Each share represents part of the product’s staked xRAM.
Full notes
xRAM → r33 / hyperRAM
The liquid wrapper automates voting and compounds into xRAM backing. hyperRAM is the HyperEVM name; r33 has a published Robinhood contract. A share is not a promise of one RAM, a stable dollar value or an unconditional instant exit.
Use an AutoVault for claimable rewards
Documented HyperEVM AutoVaults vote automatically and turn rewards into a supported token you can claim.
- Choose your reward token from the AutoVault’s available options.
- Claim rewards separately while your deposited xRAM remains in the vault.
Full notes
xRAM → AutoVault
Documented HyperEVM AutoVaults automate voting and convert rewards into a selected supported token for claiming. They do not compound those rewards into the xRAM principal.
Choose a way to withdraw
Each product has its own withdrawal route. r33 and hyperRAM can also be sold through a swap.
- A wrapper redemption returns xRAM; direct xRAM redemption returns RAM.
- An AutoVault withdrawal returns your deposited xRAM.
Full notes
Read the exit first
Token conversion economics, processing windows, underlying withdrawal availability and market liquidity all affect how you can leave. Compounding and burns do not guarantee price appreciation.
Choose what gets done automatically
Compare the work each product handles and where its rewards go.
- Manual staked xRAM: you choose pools, vote, and claim your rewards.
- r33 or hyperRAM reinvests into xRAM; AutoVaults create a supported token reward to claim.
- A separate liquidity position uses its own price range.
Full notes
Choose by the action being automated
Ask what you want to manage yourself and where you want rewards to end up. This is a workflow comparison, not a ranking of expected returns.
- Manual staked xRAM: choose eligible gauges and review voter claims yourself.
- r33 / hyperRAM: the strategy votes and compounds into underlying xRAM backing.
- AutoVault: the strategy votes and converts rewards to a supported output token; you claim the output.
- Separate LP position: a governance product does not automatically manage its range.
Count shares and backing separately
Example: 100 shares backed by 120 xRAM means 1.2 xRAM per share. Ten shares represent 12 xRAM.
- At the documented direct-redemption rate, 12 xRAM corresponds to 6 RAM before costs and restrictions.
- A market sale exchanges your shares at the available trading price.
Full notes
Read the units on a wrapper
Illustrative: 100 shares backed by 120 xRAM means 1.2 xRAM per share. Ten shares reference 12 xRAM. At the documented 0.5 RAM-per-xRAM direct exit, those 12 xRAM reference 6 RAM before transaction constraints and costs. A market sale may return a different amount; use its current quote.
See your balance and its value
Your product shows a share or stake balance, backing or claimable rewards, and a value based on token prices.
- A wrapper shows the xRAM backing each share and its market value.
- An AutoVault can earn claimable rewards while its deposited xRAM stays unchanged.
Full notes
Track three separate numbers
Record your share or stake quantity, the underlying or claimable token amount, and its dollar valuation. A wrapper can gain xRAM backing while its dollar value falls. An AutoVault can accrue output rewards while its xRAM deposit remains unchanged. Neither observation is a contradiction.
How burns change the RAM supply
Distinguish usable balances from the token’s reported totalSupply.
- Robinhood dead-address transfers remove usable RAM without reducing the token’s totalSupply counter.
- RAM-to-xRAM conversion is separate. Compare issuance and removals over the same period before claiming net deflation.
Full notes
Explain supply without promising price
On Robinhood, BuybackModule transfers RAM to 0x000000000000000000000000000000000000dEaD. It does not call token burn() or decrement totalSupply. Track unusable RAM separately from the token supply counter and new issuance; neither price appreciation nor net deflation is guaranteed. This update applies to Robinhood only. HyperEVM MEV handling and legacy r33 burials are separate mechanisms. Further Robinhood emissions changes are planned, not established as live.
Robinhood revenue buys RAM
Since October 14, 2026, all Robinhood protocol revenue routes to BuybackModule for market purchases of RAM. Sarcophagus is closed there.
- The fee-only default remains 95% LPs / 5% protocol; buybacks use the protocol portion.
- Authorized execution sends RAM to the dead address without reducing Robinhood totalSupply.
- Direct RAM input can skip the purchase. Buybacks guarantee neither price gains nor net deflation.
Full notes
Robinhood protocol revenue → RAM buybacks
Since October 14, 2026, 100% of protocol revenue on Robinhood Chain is routed to BuybackModule; the Sarcophagus is closed there. Accumulated revenue funds taker-side market purchases of liquid RAM, which is sent to the dead address. This redirects protocol revenue, not all swap fees. The documented fee-only default remains 95% LPs / 5% protocol; the gauged default remains 100% of swap fees to voters, with configurable exceptions. Execution is role-gated, not continuous or permissionless. Approved aggregators, maximum input and minimum RAM output constrain swaps. RAM already held can be sent directly to the dead address without a market purchase. On Robinhood, BuybackModule transfers RAM to 0x000000000000000000000000000000000000dEaD. It does not call token burn() or decrement totalSupply. Track unusable RAM separately from the token supply counter and new issuance; neither price appreciation nor net deflation is guaranteed. This update applies to Robinhood only. HyperEVM MEV handling and legacy r33 burials are separate mechanisms. Further Robinhood emissions changes are planned, not established as live.
Read a completed market buy
The October 15, 2026 receipt shows WETH exchanged for RAM, then RAM transferred to the dead address.
- Check the successful receipt, input token, swap output and destination.
- An event alone does not prove a purchase: direct RAM input can skip the market swap.
Full notes
Read a completed market buy
A successful Robinhood transaction at block 88827919 on October 15, 2026 at 01:23 UTC spent 0.071744581440628082 WETH and sent 2611.034882007904115227 RAM to the dead address. This verifies one market buy, not a fixed future cadence or that every module event includes a purchase.
- Verify the successful receipt, actual token contracts, input transfer, RAM output and final dead-address transfer.
- Do not count a direct RAM transfer as a market buy, or equate a burn event with a decrement in totalSupply.
Advanced Risk Check
- More token backing does not guarantee a higher dollar value or an instant exit.
- Directly redeeming 100 xRAM returns 50 RAM; check current settings and unstaking limits.
- Holding RAM alone does not give the same voting role.
- Holding unstaked xRAM does not run a reward strategy for you.
- One share does not promise one RAM, a steady dollar value, or an instant exit.
- Use an AutoVault for claimable rewards: Documented HyperEVM AutoVaults vote automatically and turn rewards into a supported token you can claim. Check which reward tokens your AutoVault supports. Those rewards do not increase your deposited xRAM principal.
- Understand the exit before entering: Conversion rules, processing times, withdrawal availability, and market liquidity affect how you can leave. Read the steps and timing for your specific product. Reinvested rewards and token burns do not guarantee a rising price.
- Manual staked xRAM: you choose votes and review claims.
- These voting products do not manage a separate LP price range.
- Selling shares on a market can return a different amount; check the current quote.
- Track three different numbers: Record your shares or stake, the tokens backing them or available to claim, and their dollar value. A wrapper can gain xRAM backing while its dollar value falls. An AutoVault can earn claimable rewards while its deposited xRAM stays unchanged.
- Token burns do not predict price: Burns remove usable RAM. New token issuance adds RAM. Both matter when measuring supply changes. Compare tokens added and removed over the same period. Supply changes alone do not prove a dollar gain.
- Execution is role-gated, not continuous or permissionless. Approved aggregators, maximum input and minimum RAM output constrain swaps. RAM already held can be sent directly to the dead address without a market purchase.
- This update applies to Robinhood only. HyperEVM MEV handling and legacy r33 burials are separate mechanisms. Further Robinhood emissions changes are planned, not established as live.
- A successful Robinhood transaction at block 88827919 on October 15, 2026 at 01:23 UTC spent 0.071744581440628082 WETH and sent 2611.034882007904115227 RAM to the dead address. This verifies one market buy, not a fixed future cadence or that every module event includes a purchase.
Write down your exit steps
Check the exact product and network before entering.
- Name the token you own and the token you expect back.
- Check whether you must sell, redeem, unstake, or wait through a locked period.
- Read the quoted output, minimum received, and transaction costs.
Full notes
The exit worksheet
Answer each question for the specific product and chain before entering.
- Which token do I own now, and which token will this action return?
- Is this an open-market swap or contract redemption?
- Does redemption require an underlying unstake or a later xRAM-to-RAM conversion?
- Are there lock windows, cooldowns or unprocessed rewards?
- What are the quoted output, minimum received and transaction costs?
Reference table
| Product | Participation | Reward destination |
|---|---|---|
| Staked xRAM | Manual eligible voting | Voter claims |
| r33 / hyperRAM | Automated voting and compounding | More xRAM backing per share |
| AutoVault | Automated voting and conversion | A supported token to claim |
Availability and exit windows differ by deployment. These products do not manage a separate LP range.