StonkPress Paper

StonkPress is the first press built on SPY. Its aim is to build the deepest protocol-owned SPY liquidity on Robinhood Chain, held in a reserve the protocol controls, so that tokenized SPY becomes a working asset on-chain and a base other projects on the chain can build on. It runs on two tokens. PAPER is an algorithmic token designed to follow a target value linked to SPY. PLATE is the share of the press: stake it to receive newly printed PAPER. Every six hours the press compares PAPER's market price with its target. When PAPER trades above the target, it prints new PAPER and distributes it to PLATE stakers. The reserve grows as the protocol is used. Bonds exchange PAPER/SPY liquidity for discounted, vested PAPER, and that liquidity goes to the protocol's Ink Reserve alongside deposit fees and swap fees.