United Founders Group
United Founders Group (UFG) is an onchain treasury protocol built around a fixed-supply token, $UFG, that lets holders burn their tokens to redeem a pro-rata claim on a cryptocurrency reserve held in immutable smart contracts. .[1][2]
Overview
At the center of UFG is what the project calls an Immutable Treasury. Creator fees earned on $UFG's trading markets flow into an Ethereum (ETH) reserve, and holders capture a stake in that value by burning their tokens rather than through any form of yield or distribution.[1] When a holder redeems, they burn $UFG and receive 98% of that token's pro-rata claim on the treasury's ETH; the remaining 2% of the share stays in the pot as an exit fee, and the burned tokens are removed from supply forever.[2]
This exit fee is the mechanism by which the project claims the floor can only rise. Because a redeemer takes out only 98% of their ETH claim while their entire token allocation leaves circulation, the ETH backing each remaining token, measured in ETH, never falls. The project frames this as a structural invariant rather than a policy that could be changed.[2][1]
UFG draws an explicit contrast with OlympusDAO (OHM), an earlier "protocol-owned liquidity" project. Where Olympus sold newly minted tokens and paid staking rewards in fresh supply, $UFG mints nothing — its supply is fixed and only shrinks as tokens burn — pays no rewards, and instead offers a redemption function against real reserves.[2] [3]
Tokenomics
$UFG is the main token with a maximum supply of one billion, categorized as a "Memecoin" on the Robinhood Chain. [4] $UFG trades on decentralized exchanges within the Robinhood ecosystem, with Pons V2 Dex identified as the most active venue; its market also graduated into a permanently locked Uniswap v4 pool, meaning the liquidity position cannot be withdrawn.[4][2]
Treasury Architecture
UFG operates two treasuries that share the same token but hold different assets and follow different rules. Both are described as having no owner, and all reported figures are said to be read directly from the deployed contracts.[1]
Treasury v1
Treasury v1, at contract address 0xc722…6fB5, is the original ETH pot and follows the simplest strategy: hold ETH. It has no owner and never trades, lends, stakes, or buys its own token, and it pays no distributions.[1] Redemption against v1 works as described above: a holder burns $UFG, fees are collected first, and the holder receives 98% of their pro-rata claim on the ETH while 2% remains in the pot and the tokens are permanently burned.[1]
Treasury v2
Treasury v2 is described as a sealed treasury holding sfrxETH — a staked-ETH derivative — that also supports lending, for the same $UFG token. Its strategy is to hold sfrxETH and lend it, and like v1 it has no owner, no pause, no upgrade path, and no parameter setter, and it cannot alter v1.[1] The account presented the v2 launch in a pinned article dated September 23, 2026, titled "Treasury v2 is Live. Sovereign Treasuries Are Ready. Here's What That Means," which stated that value had grown in the roughly one month since the first Immutable Treasury launched.[3]
With v2 in place, a single burn pays two legs: ETH from v1 after v1's 2% fee, and sfrxETH from v2 after v2 retains 15%, so the redeemer receives 85% of their share of v2's sfrxETH assets.[1] Redemptions depend on available liquidity: if the liquid sfrxETH cannot cover a redeemer's share — for example because the asset is out on loan — the entire redemption reverts and nothing is burned until loans are repaid or new funding arrives. Collateral that secures a loan cannot be redeemed while it does so.[1]
Treasury v2 introduces borrowing. A user may post $UFG as collateral and borrow up to 80% of its v2 backing as sfrxETH, with interest that compounds continuously. If a position's loan-to-value ratio reaches 84%, anyone may liquidate it, at which point the posted collateral is burned and the liquidating caller is not paid.[1]
Governance
UFG's governance model is the deliberate absence of governance. Both the $UFG contract and its treasuries are presented as having no owner, no pause function, no upgrade path, and no parameter setter. The only administrative power that ever existed was a one-time token binding exercised at launch, after which the contracts are meant to run purely by their fixed rules.[2][1] The project describes $UFG as acting as the platform treasury for holders and early adopters, "governed by the fixed rules of its contract" rather than by any team or DAO.[1]
Risks
The project publishes a set of accepted risks rather than presenting the system as risk-free. It states plainly that the contracts were tested but not externally audited before launch, and it lists this contract risk as an explicitly accepted condition.[2][1]
The remaining risks concern the environment the protocol depends on. Chain risk arises because Robinhood Chain's core contracts are upgradeable by its operator and the network runs a single sequencer, meaning the base layer is not itself immutable or decentralized. Flow risk reflects that future fee income depends on the Pons fee escrow and on trading activity continuing. Market or denomination risk stems from the redemption floor being denominated in ETH rather than dollars, so the value of the floor in fiat terms can move with the price of ETH even as the ETH-denominated backing does not fall.[2][1]
