Catch Exchange

Catch Exchange is a market protocol for fixed-supply cAssets with redeemable reserves on Robinhood Chain.

Each cAsset has an isolated reserve and is redeemable for a share of it. A charge on underlying-side trades of the canonical market settles 70% to that family's reserve and 30% to treasury. Primary purchases release inventory along a fixed 64-step curve.

The Catch treasury takes 30% of the hook charge on underlying-side trades; the other 70% backs cAsset holders. CATCH holders have no claim on operator assets.