The Heist
LOOT is pegged, taxed on the way down, and redeemable against a floor that redemptions can never lower. Above peg, the crew prints and cashes out. Below peg, the floor catches you.
Six roles, one job
Every contract in the protocol plays a specific part. None of them can touch what isn't theirs.
The Genesis Vault
72 hours. Deposit USDG or WETH, pick a lock tier, walk away with a slice of 5,000 LOOT. Principal always comes back.
The Printer
Every 6h, if LOOT trades 2%+ above peg, it mints — half to stakers, half sold straight into the pot. Below peg it does nothing. No bonds, ever.
The Hideout
Stake MERRY, collect a cut of every print plus a real WETH dividend stream. Snitches who unstake get cut off instantly.
FloorPot
Holds WETH. Burn LOOT, get your pro-rata share, anytime, no fee, no pause. Mathematically provable: it never pays out less per token than before.
Gauge Farms
Stake LP tokens, earn MERRY on a halving schedule. Weights follow real fee data — the busiest pools get the biggest cut.
The Treasury
Every fee lands here first. 60% flows to Hideout dividends, 40% reinforces the floor. The dev wage is capped and public — no skim.
No bonds. No death spiral.
Every other tomb-fork died because below-peg meant IOUs nobody could redeem. Here, below peg just means a tax — and the floor was always real money.
The Printer Runs
- Mint capped at 3% of supply or the premium, whichever's smaller
- Also capped at 10% of pool depth — never outsizes the liquidity
- 50% to Hideout stakers, 50% sold straight into the floor
Nothing Happens
- No tax, no printing, no intervention
- 0.5% base swap fee on every trade either way
- The floor just sits there, redeemable, boring
Sell Tax Engages
- +5% tax on LOOT sells between 90–98% of peg
- +10% tax below 90% of peg — buys are never taxed
- 75% of the tax reinforces the floor, 25% to Treasury
Redemptions
never drop it.
Redeeming LOOT burns supply and pays out the exact same pro-rata share it always would have. That's not a promise — it's arithmetic:
Below-peg tax and the Treasury's share are pure WETH in with no new LOOT minted against them, so they always push it up too. No fee, no pause, no owner override on redemption. Ever.
The window doesn't stay open.
Genesis is a 72-hour job. Deposit, pick a lock tier, walk away with LOOT. Everyone else finds out about the floor later.