TrapHouse mechanism · no cap, just docs
Meme on top.
Mechanism below.
The house is a joke until it is not. Here is the actual fee path, written without the fog machine.
01 · The premise
The asset people need has outrun the income they earn.
The median new American house sold for $410,700 in Q2 2026, compared with $165,300 in 2000. The national Case-Shiller index reached 336.663 on a January 2000 base of 100, while real median household income rose from $71,790 in 2000 to $83,730 in 2024—about sixteen per cent.
$410.7k
Median new-home price · Q2 2026
3.37×
Case-Shiller · Jan. 2000 to Jun. 2026
6.66%
30-year fixed · Aug. 27, 2026
TrapHouse does not track home prices and does not grant ownership in real estate. It responds to the same imbalance with a narrower rule: redirect value created by the token's own activity toward its holders.
Read the housing receipts
AP News · July 2026
Home prices hit an all-time high
Reporting on the latest existing-home price record and the affordability squeeze.
Read articleHarvard JCHS · 2026
State of the Nation's Housing
A primary research report on widespread affordability pressure.
Read reportFRED · live series
Case-Shiller home-price data
The underlying national price index used in the comparison above.
Open data02 · The intended fee path
Trade
$HOUSE trades first on a Pons V2 bonding curve and, after graduation, in a permanently locked Uniswap v4 pool.
Accrue
The 1% creator tax accrues in the launch pairing asset and is directed to the published TrapHouse mechanism.
Convert
The target design converts deployable fee balances into the designated real-world-asset payout token.
Snapshot
Qualifying $HOUSE balances are read from the chain at the distribution boundary and aggregated by wallet.
Allocate
The available payout amount is divided pro rata. Small or failed transfers roll forward instead of disappearing.
03 · Why Pons V2
Robin Hood, on Robinhood Chain.
Pons V2 gives $HOUSE a fixed-supply ERC-20 launch, an initial bonding curve, automatic graduation, and permanently locked Uniswap v4 liquidity. The 1% creator tax is charged in the pairing asset, and the creator economics remain consistent before and after graduation.
Launch configuration. TrapHouse uses Pons V2 with a 1% creator tax. The final pairing asset, vault address, distribution threshold, and payout implementation will be published from the launch configuration before anyone should rely on the mechanism.
04 · Allocation
Pro rata, not discretionary.
For a completed distribution, let b be one wallet's eligible $HOUSE balance, S the total eligible supply after published exclusions, and R the payout asset available for that round.
payment = R × b / S
Balances should be aggregated by wallet. Pool, burn, vault, and other published system addresses should be excluded. Rounding dust and amounts below the payout floor should remain for a later round rather than becoming operator revenue.
05 · What this is not
No mythology where mechanics should be.
The passive, automatic USDY distribution described here is a design target, not a native Pons V2 guarantee. Pons V2 natively accrues creator fees to escrow; any conversion, snapshot, and holder payout requires the published TrapHouse contracts or operator. Until those contracts are deployed and reviewed, the mechanism should be treated as planned—not live.
Sources and verification
Housing and income
Federal Reserve Economic Data: MSPUS, CSUSHPINSA, MEHOINUSA672N, and MORTGAGE30US. Figures are dated in the labels above and may be revised.
Protocol mechanics
Pons V2 documentation and PonsVault V2 documentation, read September 2, 2026. Always verify live contracts and launch parameters onchain.