Clutch Markets teams with Blockhash’s Michael Hirsch on Mancer, an aggregator built for Robinhood Chain

In Brief:

• Blockhash founder Michael Hirsch says his onchain studio is teaming up with Clutch Markets on Mancer, a liquidity and trading hub aimed at Robinhood Chain.
• Mancer launches with a token and a 5,000-piece NFT collection running on Clutch’s Anvil AMM. Of that supply, 3,750 mint through a burn mechanic and 1,250 back the $MANCER liquidity pool.
• Robinhood Chain went live July 1 and already routes swaps through the 0x and LI.FI aggregators, leaving the native-aggregator slot open to third parties.

Announcing the project on X under the handle The Slopfather, Hirsch described Mancer as “the Jupiter of Robinhood Chain,” a build he is undertaking alongside Clutch Markets.

“Mancer launches with a token + NFT, powered by Anvil,” Hirsch said. Of the NFT supply, he said 75% will be minted, while the other 25% is set aside to back the token liquidity pool.

Exact figures for that split appear on the Chain Mancers site. A total of 5,000 pieces make up the collection, 3,750 of which become invitations for users who burn assets, while the other 1,250 support the $MANCER pool on Anvil. Per the site — which frames the project as “what Jupiter is to Solana” — owning a Mancer entitles the holder to a cut of the trading routed through it.

Burn to claim

An open mint isn’t on offer. Securing an allowlist claim requires destroying an asset — HOODL, SLOP or a Slonk — at the forge, as the project calls it, which hands back a sealed claim in return. “Burn something, earn an invitation” is the site’s tagline.

Users hunting for the burn assets are directed by the site to hoodl.club for HOODL and to slonks.xyz/swap for Slonks.

Both SLOP and Slonks come out of Blockhash. Elsewhere in the studio’s lineup sit Howdy, a product that token-gates chat rooms behind ERC-20 and ERC-721 holdings, and Regular Punks — 10,000 onchain dogs built from real CryptoPunks head data, with an ETH-denominated fight game still in development.

What Anvil does

Clutch’s Anvil is a permissionless NFT liquidity protocol running on Uniswap v4. An ERC-721 collection is paired with a divisible ERC-20 at a fixed redemption ratio, meaning a single deployment yields a market that comes with swap, borrow, stake and onchain governance attached. There is a 0% protocol fee on ERC-20 swaps.

The reference implementation is StonkBrokers, a 4,444-piece collection whose exchange unit works out to 666,666 STONKBROKER per NFT. According to project documentation, ETH transaction fees run 10% on a standard swap out of the vault and 15% when sniping a specific token ID. Clutch has also publicised Pixel Pups holders pulling 18.5% APY via Anvil, with over 70% of that collection either staked or held in the AMM.

“The laboratory for decentralized onchain markets” is how Clutch Markets bills itself. Its lineup extends past Anvil to a liquidity locker named Safety Deposit Box, which takes 0.5% versus a typical 1% and works with Uniswap v3 and v4 LP positions alike.

No mint date has surfaced, and Hirsch’s announcement post breaks off mid-sentence at “Launching on the.”

The chain underneath

An Arbitrum-based Ethereum layer 2 carrying chain ID 4663, Robinhood Chain relies on ETH for gas. Bernstein figures put its first week after the July 1 public launch at $3.1 billion in DEX volume, enough for a top-five placing among chains by DEX activity. At that stage, upwards of 65,000 users were holding around $13 million in tokenized stocks along with $300 million in stablecoins.

Current DefiLlama figures put TVL at $380.79 million, stablecoin market cap at $538.67 million and seven-day DEX volume at $3.249 billion. Numbers cited in Clutch’s own posts differ, billing Robinhood Chain as the fastest EVM chain to reach 100 million transactions from 4.9 million addresses, alongside $828 million in total asset market cap and $643 million in TVL.

Memecoins dominated the early volume. Since then, real-world assets have risen roughly fivefold to about $70 million in active market value — tokenized GameStop accounts for $26.6 million in daily volume, Nvidia $14 million and SpaceX $6.4 million.

NFTs came next. Trading volume on seven Robinhood Chain projects has cleared 1,500 ETH, and three of OpenSea’s top 10 collections by total volume were, as of July 22, chain natives — Pyopyopyopyo sat second, behind only CryptoPunks.

A launchpad or aggregator of its own is something Robinhood has yet to ship. Swaps flow through the 0x API and LI.FI on Ethereum, Solana, Polygon, Arbitrum, Base, Optimism and Robinhood Chain, and the launch partners it named were Morpho, Lighter, 0x, Chainlink and LayerZero.

Nothing in the Mancer stack is a Robinhood product. On sourcing the burn assets, the Chain Mancers site issues a caution of its own: HOODL should be bought only at hoodl.club, it said, since “other sites route through bad pools.”