$PRYSM
The token every swap buys.
What it is
Launching on Pons$PRYSM is launched on Pons, the Robinhood Chain launchpad, like any other token there. The Prysm contracts mint none of it and hold none of it. What they do is buy it: 20% of every fee taken by every Prysm pool goes to the vault, and the vault can only spend that ETH buying $PRYSM and sending it to the dead address.
Fig. 4
From a swap to a burn
SwapA trade in any Prysm pool pays the pool's fee in ETH. The protocol share is set aside in the hook.
FlushAnyone sends the hook's protocol share to the vault. One call, no keys.
WaitBefore $PRYSM graduates on Pons it trades on a bonding curve, and the vault simply collects ETH.
PointAfter graduation the vault is pointed at the $PRYSM Uniswap v4 pool. It can be set once and never changed.
BurnAnyone runs a buyback: up to 0.5 ETH per call, stopping once the price has moved about 2%, bought and sent to 0x…dEaD. The caller earns a bounty.
Buybacks do not set a floor or promise a price. They only move ETH from fees into $PRYSM bought at the market price. The contracts are unaudited.