Introduction 💎
Paper hands fund diamond hands. On-chain. Forever.
Diamond Hands Protocol (DHP) is a fully deployed, admin-free vault protocol that converts trading friction into holder rewards. Every vault wraps one ERC-20 token. Entering costs a fixed 5% tax; leaving costs a fixed 10%. Of every tax collected:
- 80% is distributed pro-rata to remaining holders, in the underlying token
- 10% is permanently locked out of supply (burn-by-accounting)
- 10% funds the DAO and the vault's creator and platform partners
There is no yield source, no treasury strategy and no team payoff — value flows from churn to conviction, mechanically, on-chain.
Key facts
| Property | Value |
|---|---|
| Protocol version (live) | v1.4.0 — #27 free-market creation · #28 CRDD minting tier · #29 partner revenue split |
| Chains (mainnet) | Base (8453) · Ethereum (1) · BNB Chain (56) · Robinhood Chain (4663) · Arc (5042, USDC-gas) |
| Contract addresses | Identical on all five chains (deterministic deploys) |
| Factory | 0x64BE13cE698684846Ae0642c1c63bb5eDE8F6929 |
| Vault implementation | 0x75a7Fee6e8c17F6A7C39136C69A869fe99961D94 |
| Fee collector | 0x0D48743923D8fcE041325F98B5Ce884a323f5499 |
| Vault standard | ERC-4626-style share accounting per EIP-1167 clone; divergences documented for integrators |
| Creation fee | Exactly 0.004 ETH per vault → DAO treasury |
| Governance | Factory ownership renounced on all five chains (2026-09-22); vaults have no admin surface at all |
| Verification | Sourcify match/exact_match on all 15 contract/chain pairs; Blockscout-verified on Base |
| App / web | app.dhp.cryptosidao.org · dhp.cryptosidao.org |
One-sentence summary: DHP is a permissionless factory of self-contained, key-less token vaults where the exit tax is the product: the 10% you pay to leave is split 80/10/10 between the holders who stayed, the permanent lock, and the protocol's partners.
The problem & the thesis
Token communities leak value through churn. Every panic-sell dumps on the holders who stayed; every "reward" pool eventually gets farmed and deserted. DHP makes the churn itself fund the conviction.
| The problem | The DHP answer |
|---|---|
| Exit asymmetry — sellers exit freely while holders absorb the dump | Tax the exit, not the victim — a fixed 10% leave-tax is paid by whoever leaves, into a pool owned by whoever stays |
| Value extraction — team taxes ship value out | Rewards in kind — dividends are paid in the underlying token; no second token to dump, no inflation |
| Admin risk — mutable taxes, pause keys, upgrade keys | Remove the admin — no pause, no setter, no upgrade; the factory is renounced. The code is the policy |
| Fake yield — APYs that are dilution or marketing budget | Burn by accounting — 10% of every tax is locked out of backing forever; no yield is promised because none exists |
What DHP is — and is not
| Diamond Hands Protocol IS | Diamond Hands Protocol is NOT |
|---|---|
| A permissionless vault factory: any wallet can create a vault for any qualifying ERC-20 | A yield protocol — there is no external yield source of any kind |
| A dividend engine: taxes accrue pro-rata to holders, claimable in the underlying token | An investment product or a promise of profit — payouts depend entirely on future churn |
| A deflationary mechanism: every tax permanently locks 10% of itself out of backing | A trading protocol — vaults never swap, stake, lend or touch your tokens beyond holding them |
| A key-less system: vaults expose zero admin functions; factory ownership is renounced | Governed by a team — there are no team keys, no treasury control over vaults, no upgrade path |
Everything a future "bad actor" could want to do — raise taxes, redirect dividends, pause withdrawals, mint shares, redirect the burn — is not merely forbidden; there is no function for it. The attack surface is deleted, not protected.
Where to go next
- Architecture — the three contracts and how vaults are born
- The Tax Engine — the fixed 5/10 rates and the six-way split
- Trust Architecture — who can do what (spoiler: on vaults, nobody)
- Deployed Chains — every address, every chain
- FAQ — quick answers
This documentation is for information only. Every Diamond Hands Vault is a zero-sum game by design: payouts come from other users' taxes, not from yield. Users can lose tokens. See Risk Disclosure.