A clear set of rules.

Existing liquidity. Honest quotes.

OFFCUT is a hook-honest swap router plus managed LP vaults on Robinhood Chain. Swapping requires your input asset and ETH for gas. Holding OFFCUT is always optional.

The implementation executes approved v3 routes through SwapRouter02 and configured v4 pools through the existing PoolManager. It never deploys an AMM or hook. Nonzero hooks remain unknown unless an explicitly verified fee-view adapter was registered with the pool.

How to read Gross vs Net

Gross is the simulated token output after the pool fee, before a separately disclosed hook take. A simulation that already includes hook charges must not subtract them again. The pool-fee row is a disclosure, not a second deduction.

Gas is paid in ETH. Net converts that estimated cost into the output asset. Your wallet receives the token output, not the gas-adjusted figure. Swap execution enforces minimum net plus the quote’s gas reserve; actual total gas and its value can differ.

A zero pool fee does not mean a zero hook fee. Permission flags reveal capabilities, not prices. Unknown hooks are rejected unless explicitly accepted. There is no universal fee-view interface assumed by OFFCUT.

One mixed-asset vault

The WETH / USDG vault issues transferable shares of both assets. It is not a single-asset ERC-4626 vault. Withdrawals return a proportional mix; one-sided deposits do not promise one-sided withdrawals.

Rebalancing is constrained by available inventory. An excessively one-sided vault may be unable to meet the AMM floor. Impermanent loss, range drift, smart-contract loss, manipulated pool prices, lending defaults, and lending withdrawal limits remain risks.

A share of earned fees

Lock OFFCUT for vault performance fees; keepers bond it and can be slashed. OFFCUT has a fixed genesis supply, no transfer tax, and no post-genesis mint function.

The default split sends 70% of performance fees to lockers, 20% to the insurance buffer, and 10% to treasury. With no lockers, the locker portion remains pending in the splitter. WETH performance fees convert to USDG with a minimum output before distribution.

Deposits, withdrawal principal, and lending principal are never performance-fee bases. v1 charges no router surcharge and pays no swap rebates. Token ownership cannot make a non-holder’s swap more expensive.

Coverage is specific.

The immutable strategy checks its own execution. Proven violations roll back the operation before the keeper’s bond is transferred to current vault shareholders. No multisig may arbitrarily slash a keeper.

• Transfers outside the permitted vault custody path.
• AMM inventory below the configured minimum after rebalance.
• An attempted outgoing transfer of an unrecognized token.
• Rebalancing too early without the required price movement.

Custody and token guards are unreachable through the production rebalance inputs; adversarial test harnesses exercise them. Depositing unsolicited tokens into the strategy is not evidence of keeper misconduct. Slashing does not cover adverse prices, impermanent loss, oracle manipulation, protocol insolvency, or missed keeper service.

The insurance buffer is passive in v1. Its protected OFFCUT, WETH, and USDG cannot be administratively recovered. There is no discretionary compensation promise.

Verify the address.

Chain ID: 4663. External deployment addresses must be verified before live use. Placeholders are not deployed contracts.

Token and fee decoding are immutable. This implementation also keeps router and strategy immutable. Parameter changes pass through a timelock: two days on mainnet and five minutes on testnet.

Not a launchpad

OFFCUT does not issue memecoins, deploy a new AMM, run an order book, or offer emissions farms. It treats assets as generic ERC-20 tokens. It is not a Stock Token venue.