Genesis Launch
Genesis is the founding commitment window for $RAPH: a fixed-window ETH commitment mechanism executed by immutable smart contracts. Contributors commit ETH while the window is open. When it closes, all committed ETH is paired with a fixed $RAPH allocation into a new pool, and the aggregate LP position is staked and locked until an immutable expiry.
The window and its terms live at raphael.exchange/genesis.
The mechanism
- Commit. Contributors commit ETH during the window. Each commitment is irrevocable; there is no withdrawal, cancellation, or refund path, before or after the close.
- The window closes. The total is fixed, and with it the final implied price for every contributor at once.
- Liquidity forms and stakes. All ETH is wrapped, paired with the fixed $RAPH allocation into an empty pool, and the aggregate LP is staked in the gauge.
- Rewards accrue. Through the lock, contributors claim their proportional share of gauge emissions.
- Unlock and redeem. After the immutable expiry, anyone may trigger the unlock. Contributors redeem their proportional LP and any final rewards.
The implied price
The launch price is not set by anyone. It is the window's total ETH measured against the fixed $RAPH allocation:
implied price (ETH per RAPH) = total committed ETH / fixed RAPH allocation
Every commitment lifts the figure, and everyone settles at the same final price. No presale tiers, no insider allocations, no privileged entries.
The terms
| Term | Meaning |
|---|---|
| One window | A single fixed commitment window; when it closes, it closes forever |
| One price for all | The final implied price applies equally to every contributor |
| Locked liquidity | All liquidity is locked until the immutable expiry |
| No privileges | Settlement is permissionless; claims are non-transferable |
Risks
Once submitted, a commitment cannot be withdrawn, cancelled, or refunded. The final implied price is unknown at the time of commitment.
The resulting pooled position remains exposed to the price movement of both assets throughout the lock, including impermanent loss, and may be worth less at unlock than the value committed, up to a total loss. Gauge rewards are variable and depend on governance outcomes. Read the Risk Disclaimer in full before committing, and see Safety and Risks for general protocol risk.