FAQ

Short answers, with links to the page that has the long one. If an answer here ever disagrees with the mechanism pages or with Parameters, those pages win. Nothing on this site is financial, investment, legal or tax advice.

Basics#

What is Regent?#

A planned Uniswap v4 hook for Stock Token pools on Robinhood Chain (chain id 4663). Each pool has one seat: the right to trade first, fee-free. The seat is auctioned before every market session, and the winning bid is paid to the pool's LPs as rent. The one-page version is the Overview.

Is Regent live?#

No. No contract is deployed on any network, and the protocol holds no funds. What exists today is this site, a simulator, tested TypeScript reference logic and these docs. The phases between here and a deployment are on the Roadmap, without dates.

What are the seat, the regent and the rent?#

The seat is what is auctioned: a bundle of rights over one pool for one session. The regent is whoever wins it. The rent is what LPs receive: 90% of the winning bid, streamed second by second for the whole session. The other 10% is the protocol cut.

Why sessions?#

Because the stock market runs on a timetable. LPs in a Stock Token pool lose the most at known moments: the opening bell, earnings after the close, halt resumptions, Monday morning. A loss that is scheduled can be sold in advance, and the opening half hour is not worth the same as a quiet night. So the seat is sold separately for OPEN, DAY, POST, NIGHT and WEEKEND. See Sessions and the calendar.

What is the bell window?#

The first 20 seconds of OPEN, and of any halt resumption, during which only the regent can swap. On a first come, first served sequencer with blocks of ~100 ms, this is what makes trading first a right and not a latency race. It only exists when the seat is sold. See Seat rights.

Who came up with the idea?#

The idea of auctioning the arbitrage right and paying rent to LPs comes from the am-AMM paper by Adams, Moallemi, Reynolds and Robinson (2024). Regent adds session-based auctions on the equity calendar, the bell window, upfront payment and oracle-bound duties. Regent is not affiliated with or endorsed by the paper's authors. See Prior art and what is new.

For LPs#

How much will LPs earn?#

Unknown. Rent depends on auctions and can be zero, and this site makes no promise of any return. What the design fixes is the timing: the winning bid is paid upfront and escrowed, so the rent for a session is known before it starts. Price risk and impermanent loss remain. See For LPs.

What if nobody bids?#

Then the seat is unsold for that session. The pool behaves like a normal v4 pool: a default fee paid to LPs, no bell window, no regent. The opening bid must meet a public reserve, so "reserve not met" and "nobody bid" are the same event. The worst case is the status quo. See Fail-safe behavior.

What if the regent does nothing?#

Then the regent wasted its bid. The payment was taken upfront and keeps streaming to LPs whether the regent trades or not. During DAY, when duties apply, a regent that leaves the pool price outside the oracle band for more than 60 s is also slashed.

Can the regent rug LPs?#

The regent never has custody of LP funds. Its rights are limited to fee-free swaps through a registered executor, setting the swap fee inside capped bounds, collecting those swap fees, and the bell window. It cannot withdraw liquidity or move positions. That describes the planned design; deployed code can have bugs, and contract risk is covered in Risks and disclaimers.

Why new pools?#

In Uniswap v4 a pool's hook is fixed when the pool is created. An existing pool cannot add Regent later, so Regent pools are new pools and start with no liquidity. The pitch to LPs is rent paid in advance. Whether that attracts liquidity is an open question.

For market makers#

What does the regent get and owe?#

It gets swaps at a 0% LP fee through a registered executor, the right to set the swap fee for everyone else inside the session's bounds (from 0.05% up to 0.50% in DAY, 1.00% in OPEN, 2.00% in NIGHT and WEEKEND), those swap fees, and the bell window. It owes the full bid upfront and a locked $RGNT bond: no bond, no bid. During DAY, when the Chainlink feed is fresh and the market is open, it must keep the pool price within ±max(current fee, 0.30%) of the oracle or be slashed per breach-second. See For market makers and Seat duties and slashing.

How does the auction work?#

It is an open ascending auction in USDG. Each raise must beat the standing bid by at least +5%. A bid in the last 60 s extends the auction by 60 s, and nothing extends past the hard close, 2 min before the session starts. The reserve is 50% of the median of the last 10 winning bids for that session type. See The seat auction.

Can bidders collude?#

They can try. The auction is permissionless, so a cartel has to include every capable bidder in every session, and one honest bidder is enough to break it. The reserve sets a floor in the meantime. The worst case for LPs is low rent. See Edge cases and attack surface.

Token#

Is there a token or a contract address?#

No. The $RGNT token is not live and there is no contract address. This site will never show a price, a chart or a buy button for it. Any token using the name today is not from this project. See The $RGNT token.

Can I buy RGNT?#

No. There is nothing to buy, from anyone, anywhere: no presale, no private sale, no airdrop claim. Any offer to sell you $RGNT is a scam. Announcements come from x.com/Regent_rwa.

What is the token for?#

Three planned roles. It is the bond that bidders must lock, sized by pool tier, and that gets slashed for breaches. Of the 10% protocol cut on each winning bid, 50% goes to buy and burn, 30% to stakers in USDG and 20% to the treasury. Stakers govern the fee bounds, the bell window length, the tiers and the holiday calendar. What stakers receive depends on auctions and can be zero.

Technical#

What does the preview ask my wallet to sign?#

Only an EIP-712 typed-data signature. The domain is named "Regent Preview", it has no verifying contract and no chain id, and the message carries an explicit preview: true flag. Signing is gasless. It is never a transaction and never a token approval, so it cannot spend or move anything. If a page claiming to be Regent asks for a transaction or an approval, leave.

Is the market data in the preview real?#

No. Prices, pools, bids and rival bidders in the preview are simulated, and the balances you bid with are paper balances. The simulator runs on the same reference logic and parameters as these docs, so the rules are real even though the data is not. Simulated results are not a forecast.

Safety#

Is it audited?#

There is nothing to audit yet, because no contracts exist. An independent security audit is required before any real deposits. An audit reduces risk and does not remove it: contracts, once deployed, carry risk of total loss.

Can US persons use it?#

Stock Tokens are not available to US persons. Rules for tokenized securities differ by jurisdiction, and you are responsible for following the ones that apply to you. Nothing on this site is an offer of any product to anyone. See Risks and disclaimers and the legal page.

Is Regent affiliated with Robinhood, Uniswap, Chainlink or NYSE?#

No. Regent is an independent project. It is not affiliated with or endorsed by Robinhood, Uniswap, Chainlink, NYSE or any issuer. Those names appear because the design builds on their public infrastructure or calendar. Tickers such as $NVDA are plain-text references.