> For the complete documentation index, see [llms.txt](https://hello-fun-1.gitbook.io/hello.fun-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hello-fun-1.gitbook.io/hello.fun-docs/whats-next/tokenized-stock-pairs.md). # Tokenized Stock Pairs Tokenized stocks are planned as a future pairing category on Hello.Fun. The idea is to allow creators to launch tokens against supported tokenized stocks, creating markets that connect new token launches with tokenized equity assets. This expands the concept of pairing beyond ETH and $HELLO. ### Launching Against a Tokenized Stock When tokenized stock pairing becomes available, a creator will be able to choose a supported tokenized stock as the pairing asset for a new launch. ```mermaid flowchart LR A["Create Token"] --> B["Choose Pair"] B --> C["Supported Tokenized Stock"] C --> D["Launch"] D --> E["New Pair Market"] ``` The selected tokenized stock would become the other side of the new token's market. ### Through the Launch Lifecycle The pairing asset is designed to remain connected to the launch from its starting market through graduation. ```mermaid flowchart LR A["New Token + Tokenized Stock"] --> B["Bonding Curve"] B --> C["Pair Reserves"] C --> D["Graduation"] D --> E["Uniswap v4 Pair Market"] ``` The same supported tokenized stock used during the bonding curve would remain the pairing asset of the graduated market. ### What the Pair Changes Choosing a tokenized stock pair changes the asset around which the new token's market operates. The pairing asset would be used for: 1. Buying the launched token 2. Receiving value when selling 3. Building reserves during the bonding curve 4. Establishing the graduated liquidity market The token launch lifecycle remains familiar. The market it is built around changes. ### Pair Specific Economics Different pairing assets can require different market configurations. Hello.Fun's pairing system is designed to support pair specific economics, including phantom liquidity and graduation conditions. ```mermaid flowchart TD A["Supported Tokenized Stock"] --> B["Pair Configuration"] B --> C["Phantom Liquidity"] B --> D["Graduation Conditions"] C --> E["Launch Market"] D --> E ``` This allows a supported tokenized stock pair to be configured for its own market rather than assuming every pair should behave exactly like ETH. ### Supported Assets Only Tokenized stock pairing will use supported assets selected and configured for Hello.Fun. Creators will not be able to enter any arbitrary token address and use it as a pair. ```mermaid flowchart LR A["Tokenized Stock"] --> B["Approved and Configured"] B --> C["Supported Pair"] C --> D["Available for Launches"] ``` This curated model applies across the broader Hello.Fun pairing system. ### New Utility for Existing Assets Pairing can create a new role for an existing tokenized asset. Instead of the asset only existing within its own market, it can also become the pairing asset for new Hello.Fun launches. ```mermaid flowchart TD A["Supported Tokenized Stock"] --> B["Launch A"] A --> C["Launch B"] A --> D["Launch C"] B --> E["New Pair Market"] C --> F["New Pair Market"] D --> G["New Pair Market"] ``` Every supported launch can create another market involving that pairing asset. ### Where Stocks Meet New Markets Tokenized stock pairing is part of the broader Hello.Fun vision of making pair choice a defining part of a launch. A creator is not limited to choosing the token. The creator can also choose the market around it from the supported pair options available on Hello.Fun. ```mermaid flowchart TD A["Creator"] --> B["Creates Token"] A --> C["Chooses Market"] C --> D["Supported Tokenized Stock Pair"] B --> E["Launch"] D --> E ``` ### Current Status Tokenized stock pairing is planned and is not currently available within the deployed Hello.Fun launch system. ETH is currently the live pairing asset. The specific tokenized stocks available for pairing will depend on the assets supported and configured when this category is introduced. ### Expanding What a Pair Can Be Hello.Fun is designed around the idea that the asset beside a new token can be part of its identity, market and community. Tokenized stock pairs extend that idea into a new category of onchain assets. **New token. Supported stock pair. New market.** This is one part of the longer term Hello.Fun vision: **Where stocks meet memes.** --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://hello-fun-1.gitbook.io/hello.fun-docs/whats-next/tokenized-stock-pairs.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. 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