Robinhood Chain has already plenty of launchpads. Perch needed to bring something new. Starting with creator fees. Every trade has a 1% fee. Creators control 80% of it and choose what happens to their share: • keep it • split it across wallets • commit part of it to automatically grow liquidity after graduation In V1, creator payouts are fully settled in ETH. After graduation, fees are collected directly in ETH, not in the token itself. That means there’s no token-side balance to convert or sell back into the pool. Neither creators nor the protocol need to sell the token to collect fees. There’s a lot more to cover in V1. We’ll share more over the next few days.