Venue certification

Every venue that trades Stock Tokens on Robinhood Chain is measured, whether or not it applies for anything. Certification is an optional, public commitment by a venue; it does not change how the venue is measured or ranked.

Requirements

• A $PRGE bond, posted to the certification contract. The bond size is a governed parameter.
• A monthly fee paid in USDG. The fee is a governed parameter.
• Inclusion in the certified-venue set, which is maintained by governance.

What the venue receives

• The "Perigee-verified" badge on the public dashboard and a isCertified(venue) view that integrators can read.
• Notification of its own scores before the public dashboard updates. Not before the on-chain report — reports are public on posting.

What certification does not change

• The score. Certified venues are measured with the same methodology as every other venue.
• Publication. A certified venue's score is public whether it is good or bad.
• Ranking. bestVenue does not consider certification status.

Bond slashing

The venue bond can be slashed by governance if the venue is found to have:

• Generated trades intended to move its own score (wash trading, self-matching).
• Misrepresented its contracts, fee logic or ownership in the certification application.

Lapse and exit

• If the monthly fee is not paid, the badge is removed at the end of the paid period. Scores continue to publish.
• A venue may exit certification; the bond is returned after an unbonding period, less any slashed amount.

Fees

Certification fees are routed to the fee collector: 60% to buyback-and-burn of $PRGE, 40% to the treasury. See $PRGE.