RAM and its related products

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.