reading chain
Fees to dollars, dollars to homes, homes to rent, rent to you. Every claim on this site is a contract read or an explicit trust assumption stated below.
$HOUSE is launched on Pons V2 with its creatorFeeRecipient set to the address that collects trading fees. Supply is fixed: no mint function, no team allocation. Holding the token is the entire position.
As the token trades, creator fees accumulate in the Pons V2 fee escrow. The pool's harvest() pulls them out. Native ETH fees are swapped to a dollar stablecoin through an allowlisted router with slippage bounds; stablecoin fees pass straight through. deploy(propertyId, amount) then routes that capital cross-chain into a real property on Lofty.
Lofty (lofty.ai, a Y Combinator company) tokenizes 100+ real US single-family rental homes. Each property is held in its own US LLC with a real address and deed, and is sold as fractional tokens. Rent is paid daily, in USDC, at a variable yield that averages around 9% — targeted at 8–10% across the homes the pool funds.
Lofty settles on Algorand, so the treasury deploys and returns value cross-chain. Each epoch the keeper calls settle(), which recognises the rent that has arrived and writes accPerToken += rent / circulatingSupply. A holder's claim() pays balance × (acc − stamp). Transfers settle the seller first, so the buyer starts from a zero stamp. No lockup: holding at settle earns that epoch's rent, pro rata. Lofty's rent arrives in USDC; the treasury converts it to USDG before distributing, so holders always claim in USDG on Robinhood Chain.
Interim, at launch: none of this runs yet. The pool contract does not exist, so the fees are simply held by the treasury wallet named in the contracts table below. The pool, the automatic settle() and the pull-based claim() all arrive with HousePool — until it is deployed there is no accumulator, no epoch and nothing is claimable. The recipient move to the pool is a single on-chain transaction and it will be posted when it happens.
The only inflow is Pons creator fees. There is no mint, no emissions and no protocol fee skimmed from holder rent. The swap from ETH fees to a stablecoin is bounded by slippage limits set on an allowlisted router.
Lofty positions are fractional tokens that can be sold on Lofty's own marketplace; the yield is variable and can change with occupancy and expenses. v1 policy is to hold and compound; any redeem(propertyId) is operator-gated and posted.
HousePool and $HOUSE are not deployed yet — their rows below read not deployed until published. The USDG token and the Pons V2 escrow and factory are live now. The Treasury row is the interim creator-fee recipient: it is where $HOUSE fees land until the pool ships.
| Contract | Address | Function | Status |
|---|---|---|---|
| USDG | 0x5fc5…d168 | the dividend asset · Global Dollar | liveView on Blockscout |
| Pons V2 fee escrow | 0xd3AF…Ac9e | balanceOfToken(recipient, USDG) | liveView on Blockscout |
| Pons V2 factory | 0x7eD5…EC7e | launchToken · creatorFeeRecipient | liveView on Blockscout |
| Treasury | 0x03d3…0dEF | interim creator-fee recipient · until HousePool ships | interimView on Blockscout |
| HousePool | not deployed | harvest · swap → USDG · deploy · settle · claim | not deployed |
| $HOUSE | not deployed | Pons V2 token · fixed supply · no mint | not deployed |
Until HousePool is deployed, $HOUSE creator fees accrue to the treasury wallet above. When the pool ships, the recipient is moved on-chain with transferCreatorFeeRecipient and the transaction is posted.
The only source for the $HOUSE address is the X account, @HouseStrategyRH. Verify any address against this page.