Journal
They keep building. Catch up on Froth, Punch, and the rest. The numbers still live on each product page.
Feature · 11 Sep 2026 · Commodities
Two Nero posts, two backings — neither is live TVL
Froth posted Nero twice in three days. 8 Sep is ETF and ETN exposure. 11 Sep is warehoused steel and aluminum. Both are coming soon. Neither number belongs on the studio snapshot or the burn ledger.
Feature · 10 Sep 2026 · Froth
Stocks tab is up. Equity issuance is not.
Froth posted Tokenize Wall Street — coming to Robinhood Chain and Arc. The terminal already has a Meme × Stock tab with a peg watch. Quick-buy pauses when the snapshot goes stale. That is a public surface, not a live Wall Street desk.
Feature · Sep 2026 · Punch
Vaults and margin are live. Perps are a paper.
punch.markets ships vaults and onchain margin on Robinhood and Base. Flow KLP still takes deposits. Isolated perps and lose-to-earn are published design, not a live desk. Punch is moving; the layers are not the same product.
Brief · Aug 2026 · Froth
Terminal fee, one furnace among several
Froth terminal trades pay 1%. A quarter of that fee buys FROTH and sends it to 0xdead. That is one path into the Robinhood OFT grave, not a Froth-only total.
Brief · Sep 2026 · Kitty crates
Crates are a snapshot, not the farm
No new crates. Crates cannot be redeemed for Kitty Points. Existing crates still carry a KITTY allocation at TGE by tier.
Brief · Sep 2026 · Kitty Point Farms
Kitty Points settle into KITTY
Flow point farms now accrue toward KITTY token rewards. FROTH in those farms is still wild.
Brief · Jun 2026 · Kona
FROTH can no longer mint KONA
deBridge dropped Abstract. Existing KONA supply is capped. The Abstract grave is not the OFT flywheel.