The Reserve

#Every trade funds the Reserve

The Reserve is a smart contract on Robinhood Chain. It holds tokenized chip equity and unconverted ETH on behalf of every $KYZN holder.

Trading funds it with 2% of every buy and sell through the $KYZN/WETH pool. The ETH arrives directly from the token contract.

The token contract collects the 4% trade tax as $KYZN. Once the collected balance reaches 0.05% of supply (500,000 $KYZN), the next sell triggers a swap to ETH through Uniswap v2 Router02. In the same transaction the ETH is split 2 : 1 : 1, and the Reserve receives the 2 parts. The full mechanism is in Trade tax.

ETH to the Reserve = ETH from the swap × 2 ÷ 4

The Reserve address is fixed in the token contract, and the owner cannot change it. The Reserve is exempt from the trade tax. The Gateway margin never reaches the Reserve: it is burned, as set out in Gateway.

#NVDA and AMD come first

Until the first rotation, the Reserve targets NVDA and AMD, 50/50. The keeper buys both with the Reserve's ETH under the buy discipline below.

The first Scheduler memo publishes on the day trading opens. The first rotation executes 30 days later. From that rotation on, the target is the stage-weighted basket set by the latest memo, as described in The Scheduler.

Before the first rotation the whole target sits in one stage, Design. ETH that waits for a purchase stays in the Reserve and counts toward backing at the Chainlink ETH/USD price.

#Seven stock tokens are eligible

A chip stock token is eligible for the Reserve when Chainlink publishes a live price feed for it on Robinhood Chain. Seven tokens meet the rule. Four more exist on Robinhood Chain without a feed.

AVGO, AMAT, LRCX and KLAC become eligible once Chainlink publishes a feed for each. The stage mapping does not cover them. Token and feed addresses for the eligible set are in Contract addresses.

#No stage exceeds 50%

Every eligible token belongs to one of five supply-chain stages: Design, Memory, Fab, Equipment and Power.

The Scheduler's rulebook sets one weight per stage and caps each stage at 50%. The Reserve's buys follow the latest weights.

The stage mapping has no power-stage token. The Power weight is therefore held in Design, in NVDA and AMD.

#The keeper buys in slices

ETH becomes chip equity only through the buy discipline. A keeper sends each purchase, and the Reserve contract checks it.

1. 01
   Collect

   ETH from each tax swap arrives in the Reserve and counts toward backing at the Chainlink ETH/USD price.
2. 02
   Slice

   The keeper splits purchases into slices, time-weighted across the trading session.
3. 03
   Bound

   The contract rejects any slice above the maximum slice size and any fill outside the Chainlink price bound.
4. 04
   Hours

   Purchases run in U.S. market hours only.

The contract enforces two limits on every purchase: a maximum slice and a Chainlink price bound. The keeper cannot exceed either limit. A rejected slice reverts, and its ETH stays in the Reserve.

#Chainlink prices every asset

The Reserve values each stock token with its Chainlink feed on Robinhood Chain. It values unconverted ETH with the Chainlink ETH/USD feed.

Chainlink classes the tokenized-equity feeds as high risk. The Reserve reads updatedAt on every price and applies staleness bounds. Feed behaviour is covered in Price feeds.

#Backing divides value by supply

Reserve value = sum( balance[i] × price[i] ) + ETH × ETH/USD
backing       = Reserve value ÷ total supply

Total supply counts every $KYZN that exists: in wallets, staked, in the pool, in the team stream and held by the token contract as uncollected tax. Burned $KYZN leaves total supply.

Backing per $KYZN updates every block. It appears on the Protocol Dashboard and in the app.

#Outside parties hold override powers

Stock token facts

• Each stock token is a standard ERC-20 with 18 decimals, behind a beacon proxy.
• The implementation has no allowlist, blocklist, freeze or canTransfer check.
• Smart contracts already hold stock tokens on Robinhood Chain.
• These facts were verified against the chain on 24 September 2026. A beacon proxy runs the implementation its beacon names, so they describe the implementation verified on that date.

Issuer powers

Robinhood Assets (Jersey) Limited issues the stock tokens. It holds admin powers that no Kyzen Network contract can override.

Sequencer screening

The Robinhood Chain sequencer screens every transaction against a restricted-address list (ArbOS compliance filtering). The screening sits outside every Kyzen Network contract. It applies to Reserve purchases and redemptions like any other transaction. The Security model lists every outside power.

Access restrictions

#Parameter sheet

• ReserveRedemptionBurn $KYZN for a pro-rata share of every Reserve asset at backing minus 2%.
• SchedulerThe SchedulerThe monthly memo that reads the supply chain and sets the Reserve's stage weights.
• ReferencePrice feedsHow Chainlink tokenized-equity feeds behave and how each protocol action reads them.
• ReferenceRiskThe risks of holding, staking and redeeming $KYZN, each with its mechanism.