TradersSwap tokens
The poolTokens to trade
LPsSupply tokens
Traders pay swap fees. Pool settings decide who gets them.
Voters choose which eligible pools get token rewards.
LPs supply the trading assets. Traders use them. Voters help direct rewards.
Sources
Ramses XConcentrated liquiditySource checks: 2026-09-12 · 2026-09-16
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Recap & examples
Pool = shared trading tokens
LPs deposit tokens. Traders swap against them. A trader buying one token leaves the pool with more of the other token.
Voting is a separate job
Voters help direct newly issued rewards to pools. Voting alone does not put the voter’s assets into the trading pool.
Choose a network
Each network has its own tokens, pools, and available products.
Robinhood protocol revenue buys RAM
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.
ILLUSTRATIVE EXAMPLE
Follow a $10 fee
Under the documented fee-only default, $10 in swap fees gives all eligible LPs together $9.50. The protocol receives $0.50.
What this means
Under the gauged default, that $10 goes to pool voters. Eligible LP emissions are separate.
Key idea: The 95% figure divides swap fees among their recipients.
Try the idea
Build a pool identity cardAdvanced Risk Check
- Confirm the network, token addresses, pool type, and available products before following a guide. Planned features do not establish that a product is live.
- Check current fee and reward settings. The documented fee-only and gauged defaults are different; do not combine 95% of swap fees and emissions into one LP offer.
- The 95% figure is a share of swap fees, not a 95% return on your deposit.
Full explanation & example
A pool is shared trading inventory. A trader arrives with one token and leaves with another; the LP supplies the inventory that makes this possible. The LP's asset mix can therefore change without any new instruction from the LP.
The person providing liquidity and the person voting for the pool may be different people. Voting influences the distribution of emissions. It does not place the voter's RAM directly into the trading pool.
Start every walkthrough with three labels: network, pool model and reward setup. A familiar token name does not establish the chain, and an app feature visible on one network does not establish availability on another.
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.
Follow an illustrative $10 fee
Imagine trades generate $10 of gross fees in a pool using the documented fee-only default. The LP allocation is $9.50 collectively and the protocol allocation is $0.50. A position receives only the portion attributable to its eligible liquidity.
If the same $10 were earned under the documented gauged default, the swap-fee allocation would go to pool voters. Eligible LP emissions are accounted for separately.
Common mix-ups
“Voters supply all of the pool's assets.”
Voting directs emissions. LP deposits supply the assets used in trades.
“A Ramses deployment means every Ramses product is available there.”
Pool models, token products and current contract availability must be checked for the selected network.
Discussion question
A friend buys RAM and waits for the fees from every Ramses pool. Which step are they missing?
Show the answer
Holding RAM alone does not create the described voter-reward entitlement. The relevant strategy requires xRAM participation, eligible voting or an available automation product, each with its own terms.
Sources
Ramses XContract addresses & deploymentsConcentrated liquidityTechnical fee mechanicsxRAM & liquid stakingRobinhood BuybackModule · routing changed 14 Oct 2026Robinhood BuybackModule · verified contractSource checks: 2026-09-12 · 2026-09-16 · 2026-10-15