HoodFlip is a reimplementation of DegenCoinFlip's on chain double or nothing model, ported from Solana to Robinhood Chain (an EVM L2 built on Arbitrum Orbit). The player stakes an amount, picks heads or tails, and a smart contract resolves the outcome verifiably on chain: a win pays 2x minus the house fee, a loss forfeits the entire stake. The protocol is powered by its native token, $FLIP, launched on the PONS launchpad. Trading fees on $FLIP fund the collateral that backs player payouts, while game house fees flow back to $FLIP holders as revenue.
Traditional on chain casinos rely on custodial balances, opaque RNG, and trust in the house. DCF solved this on Solana with atomic settlement and public code. Porting this to Robinhood Chain extends the model to an EVM environment with liquidity potentially coming from users already familiar with the Robinhood app and with tokenized assets
On an EVM L2 you cannot use block.hash or block.timestamp as a randomness source, since they are manipulable by the sequencer/validator. HoodFlip uses Chainlink VRF to generate the outcome of every flip. Chainlink VRF produces a random value off chain together with a cryptographic proof, and the smart contract only accepts the result once that proof is verified on chain. This means neither the house, the player, nor the sequencer can predict or influence the outcome of a flip, and anyone can independently verify that each result was fair. Each bet requests a fresh random value, which is then mapped to heads or tails and used to settle the wager
$FLIP is the native token of HoodFlip, launched on PONS, the non custodial launchpad on Robinhood Chain. Following the PONS model, $FLIP is fixed supply, with liquidity permanently locked in a Uniswap pool at graduation. Transaction fee (3%) Every $FLIP trade carries a 3% fee. This fee is routed to the protocol treasury and used as collateral to back player bets. In other words, market activity on $FLIP directly strengthens the bankroll that guarantees payouts, aligning token trading volume with the solvency of the game. Dev supply burn The developer allocation is 100% burned after launch. There is no team reserve retained post launch, removing the most common vector for insider dumping and signaling that the bankroll, not the dev wallet, is where value accrues. Holder revenue The 3.5% house fee collected on each game is distributed to $FLIP holders as protocol revenue. Holding $FLIP is therefore a claim on the platform's gameplay activity, replacing the NFT revenue share of the original DCF with a pure token model. Two fee streams, two roles: • $FLIP trade fee (3%) → treasury / collateral that backs the bankroll • Game house fee (3.5%) → distributed to $FLIP holders as revenue