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Genesis Launch

Genesis is Raphael's founding liquidity launch. Participants commit ETH during one shared window. After the window closes, the contract pairs all recorded ETH with a fixed 10 million $RAPH allocation, creates the canonical $RAPH/WETH pool, and stakes the resulting LP position in its gauge.

Participants do not buy or receive liquid $RAPH. Each participant owns a non-transferable claim on a proportional share of the founding LP position and the $RAPH gauge rewards that the Genesis contract actually harvests.

Live boundaries and launch status are published at raphael.exchange/genesis. The interface and verified onchain state are authoritative for the current phase.

Mainnet Genesis finalized successfully

The protocol administrator Safe finalized Genesis on 31 Aug 2026 at 17:27:10 UTC. Finalization paired 116.967472 WETH with 10 million RAPH, created the canonical RAPH/WETH pool and Genesis gauge, and staked all 34,200.507598572276160157 contributor LP. The LP remains staked until lock expiry on 5 Jan 2027 at 17:00:18 UTC, exactly 127 days after the commitment window closed.

What you commit and what you receive​

You commitA successful launch gives you
Native ETH during the open windowA proportional claim on the founding $RAPH/WETH LP position
More than one commitment from the same address, if desiredOne combined position recorded against that address
A position that cannot be withdrawn or transferred while pendingA proportional share of $RAPH gauge rewards actually harvested by the Genesis contract

Your share follows a simple relationship:

your share = your ETH / all committed ETH

The same share governs both LP ownership and harvested gauge rewards, subject to the contract's integer-rounding rules.

Why participate​

Genesis gives participants exposure to the founding market through one transparent position:

  • Founding LP ownership: every successful contributor owns a proportional share of the initial $RAPH/WETH liquidity.
  • Gauge rewards during the lock: the aggregate LP is staked from finalization, and contributors share $RAPH that the Genesis contract actually harvests from the gauge.
  • Shared price formation: every commitment settles against the same final aggregate ratio, without a first-block purchase race.
  • Permissionless exit process after expiry: anyone may trigger an eligible unlock, after which contributors redeem independently.

These are structural incentives, not promised returns. LP value and gauge rewards remain variable, and the separate voter- and liquidity-incentive reserves do not create an automatic Genesis entitlement.

The launch journey​

  1. Raphael funds the fixed allocation. The Genesis contract must hold the full $RAPH side of the founding pool before the window can open.
  2. The window opens. An onchain transaction anchors the schedule. No launch date exists inside the contract before this step.
  3. Participants commit ETH. Commitments are recorded by address and may be increased with additional transactions while the window remains open.
  4. Deposits close. No further commitments are accepted. Total committed ETH now determines one final aggregate launch ratio for everyone.
  5. Finalization opens. The protocol administrator has the first opportunity to finalize. If it does not, finalization becomes permissionless before the failure deadline.
  6. The market is created atomically. A successful finalization creates the canonical pool and gauge, wraps all recorded ETH, adds the complete $RAPH and WETH amounts as liquidity, and stakes all contributor LP in one transaction.
  7. The LP remains locked. Participants may claim their proportional share of harvested $RAPH gauge rewards, but nobody can remove contributor LP before the immutable lock expiry.
  8. Anyone may trigger unlock. After expiry, an onchain transaction withdraws the aggregate LP from the gauge. Each participant can then redeem independently.

Closing a phase does not automatically execute the next one. Finalization, cancellation, refunds, reward claims, unlock, and LP redemption are all onchain transactions.

If the launch does not settle​

A pending commitment cannot be voluntarily withdrawn. A refund becomes available only if the launch enters its terminal failed state.

  • Before successful finalization, the protocol administrator can cancel the pending launch. It cannot take contributor ETH through cancellation.
  • If the launch remains pending at the failure deadline, anyone can move it into the failed state.
  • Each contributor then claims exactly their own recorded ETH commitment. Refunds do not depend on market prices or on who claims first.
  • If nobody committed, the administrator can close the empty launch and return the unused $RAPH allocation.

Once finalization succeeds, cancellation and refunds are no longer possible. The contributor position has become locked LP ownership.

Committing is still irrevocable while the launch is pending

There is no contributor-initiated withdrawal, cancellation, or transfer. Do not commit ETH unless you can leave it in the launch through either successful settlement or a terminal failed-launch refund.