A guide to the hybrid token, the proposed markets, and what you actually own.
Choose from the stock registry and set the quantities backing one pairing token. For example, 0.01 units of AAPL plus 0.01 units of TSLA. Equal stock quantities do not necessarily mean equal dollar exposure.
The first creator fixes the composition. There is one canonical pairing per two-stock combination, and its quantities cannot be changed later. Creation may be curated until open creation is enabled.
Creating a pairing establishes its contract. Minting it deposits both stock tokens in the fixed ratio. Splitting burns pairing tokens and returns the underlying stock tokens, subject to the tokens’ transfer rules. Creating a contract does not create a trading market or supply liquidity.
Build your pairing →The product direction is a choice of markets pairing $PEAR with different hybrid quote tokens. The current launch setup supports a single flagship hybrid. In that market, the meme’s price in dollars depends on both its price in hybrid tokens and the value of those hybrids. The two-stock composition matters to the quote asset’s value.
A pool must be created and funded for this market to exist. Designing the hybrid does not create or fund a pool. The current app does not yet route purchases or open positions in user-selected markets.
A hybrid token holds its underlying stock tokens. The meme token is a separate asset: simply choosing a pair does not change a holder’s meme-token balance or create a personal payout. The current contracts do not implement returns calculated from each holder’s selected pair. Retaining exposure to a selected market requires a separate position, such as a liquidity position; holding ordinary meme tokens is different.
A liquidity position can earn trading fees but can underperform holding the same assets separately as their prices move. Read how liquidity returns work ↗
Market prices can move in either direction. Stock tokens are tokenized equities, not directly held shares; availability depends on the stock registry and your jurisdiction.
