Docs

How HETH works, one idea at a time, in plain words and pictures.

Start here The pool and the walls After a crash Mining by buying Power Up and the sale tiers Daily rewards Bonds and the Vein The launch at one price The way out and the vote Without this site Compared What is new All on one page

Every buy mines new H, and every trade pays a fee that builds the walls and rewards holders.

HETH is one pool on Uniswap, with a token called H. All the liquidity in the pool belongs to the contract itself. The chapters here explain each part in plain words; every figure on the other pages is read from the contract.

1You buy H with ETHFrom the protocol's liquidity, through the Uniswap app or your own wallet. You keep the H you bought.
2The fee on your buy is your WorkYour share of one HETH block's mining. It is the fee you paid on your buys in that block, so a larger buy earns a larger share of that block's H.Every buy pays a protocol feeThe fee on every buy and every sell, called the toll in its code. It pays for the walls and the holder rewards; a small capped part repays whoever makes the walls' upkeep calls, which anyone can. No team wallet and no treasury is paid from it.. That fee counts as your Work in the HETH blockThe contract's own unit of time, about seven minutes. Mining, rewards and the walls all run on it. It is not the chain's block. you bought in. Sells earn no Work.
3The block shares its new H by WorkEach block hands out new H between its buyers, in proportion to their Work. How much it hands out follows demand: this is its releaseThe part of a block's new H that is handed out. It follows demand: when buying is low, less is released and the rest stays in the Vein..
4Your reward is ready about a day laterIt never expires. It is sent to your wallet once it reaches the contract's payout minimum, or you claim it yourself.

The whole protocol on one map. Every trade pays a fee, and fees pay for the walls and for the holder rewards. A buy's fee is also its Work (that is proof of swap: the buy itself is the work): each block shares its new H between its miners, by Work, and the holders. What a block does not release waits in the Vein. A bond pays ETH for H out of the Vein, and that ETH goes to the walls.

At a glance

MiningBuying H from the protocol's liquidity. Every such buy earns Work, and each HETH block's new H is shared between that block's buyers.: Buying H from the protocol's liquidity. Every such buy earns Work, and each HETH block's new H is shared between that block's buyers.
Protocol feeThe fee on every buy and every sell, called the toll in its code. It pays for the walls and the holder rewards; a small capped part repays whoever makes the walls' upkeep calls, which anyone can. No team wallet and no treasury is paid from it.: The fee on every buy and every sell, called the toll in its code. It pays for the walls and the holder rewards; a small capped part repays whoever makes the walls' upkeep calls, which anyone can. No team wallet and no treasury is paid from it.
WallETH the protocol has placed below the price to buy H back when people sell. There are seven, named L0 (nearest the price) to L6 (deepest). Walls slow a fall; they do not stop it, and they can be crossed.: ETH the protocol has placed below the price to buy H back when people sell. There are seven, named L0 (nearest the price) to L6 (deepest). Walls slow a fall; they do not stop it, and they can be crossed.
Holder rewardsETH and H paid to wallets that hold Powered H. They come from a share of every sell fee and of the H that mining releases, and are shared out once a day.: ETH and H paid to wallets that hold Powered H. They come from a share of every sell fee and of the H that mining releases, and are shared out once a day.
Protocol liquidityLiquidity that belongs to the contract itself: the walls and the launch liquidity. No team and no outside provider owns it or can pull it, and nobody else can add liquidity to this pool.: Liquidity that belongs to the contract itself: the walls and the launch liquidity. No team and no outside provider owns it or can pull it, and nobody else can add liquidity to this pool.

What this is not

Not a promise of a price, of a return or of protection against a fall. The price of H can fall, and it can fall a long way.

See it live: Stats

Below the price stand seven walls of the protocol's own ETH, ready to buy H back from sellers.

the pricethe anchora wall: ETH waiting to buy HSeven walls hang below the anchor, from L0 nearest the price to L6 deepest. Each wall is ETH the protocol placed there; when people sell, the walls buy H back. ETH from fees and bonds waits and is shared out to the walls once per hourly slot. Walls slow a fall; they do not stop it, and they can be crossed.

A sell meets the walls. As the price falls it reaches one wall after another. Each wall pays the seller with its ETH and keeps the H it bought. Once the price is more than 10 % below a wall, the H that wall bought is burned for ever. the pricea wall's ETHH a wall has boughtburned

At a glance

WallETH the protocol has placed below the price to buy H back when people sell. There are seven, named L0 (nearest the price) to L6 (deepest). Walls slow a fall; they do not stop it, and they can be crossed.: ETH the protocol has placed below the price to buy H back when people sell. There are seven, named L0 (nearest the price) to L6 (deepest). Walls slow a fall; they do not stop it, and they can be crossed.
AnchorThe reference price the walls hang below. Once per slot (about one hour) the contract compares it with the lowest of the last four hourly prices: it can rise or stay. It comes down only when the walls are rebuilt after a full crash, once there is ETH for the smallest wall.: The reference price the walls hang below. Once per slot (about one hour) the contract compares it with the lowest of the last four hourly prices: it can rise or stay. It comes down only when the walls are rebuilt after a full crash, once there is ETH for the smallest wall.
Pending ETHETH from fees and bonds that is waiting to be shared out to the walls at the next hourly slot.: ETH from fees and bonds that is waiting to be shared out to the walls at the next hourly slot.
Time-weighted priceThe price averaged over a period, each price counted for as long as it lasted. One large trade cannot move it much, so the contract uses it instead of the price of the moment.: The price averaged over a period, each price counted for as long as it lasted. One large trade cannot move it much, so the contract uses it instead of the price of the moment.
BurnH destroyed for ever, so the supply gets smaller. The contract burns the H a wall has bought once the price has fallen well past that wall, and the H of a holder who leaves through the way out.: H destroyed for ever, so the supply gets smaller. The contract burns the H a wall has bought once the price has fallen well past that wall, and the H of a holder who leaves through the way out.

What this is not

The walls are liquidity, not a lowest price. Walls slow a fall; they do not stop it, and they can be crossed.

See the walls now: Stats, Walls

If the price falls through every wall, sells are paid only while ETH is left, and the contract rebuilds the deepest wall.

After a full crash, when the price has fallen through every wall, the contract rebuilds the deepest wall from the ETH waiting for the walls, if it is at least the smallest wall; otherwise as soon as it is (a re-base). That ETH comes from the fees of trades and from bonds. Until it is enough no wall stands, and when no ETH at all is waiting below the price a sell cannot be paid until someone buys or the wall is rebuilt. Nobody can know how long that takes: it depends on trading. The other walls return as the price recovers, if it does.

1 · The price falls into the wallsEach wall the price reaches pays sellers with its ETH and keeps the H it bought. A sell is never refused while ETH is there to pay it.
2 · Through every wallA full crash is the price falling through every wall. Sells are still paid from the protocol's launch liquidity, at lower prices, while it holds ETH below the price. When no ETH is waiting below the price, a sell cannot be paid until someone buys or a wall is rebuilt. Buys work as always, and nothing is taken from anyone.
3 · The deepest wall is rebuiltThe contract sets the anchorThe reference price the walls hang below. Once per slot (about one hour) the contract compares it with the lowest of the last four hourly prices: it can rise or stay. It comes down only when the walls are rebuilt after a full crash, once there is ETH for the smallest wall. lower and rebuilds the deepest wall from the ETH waiting for the walls, if it is at least the smallest wall; otherwise as soon as it is (a re-baseA full crash is the price falling through every wall. The contract then sets the anchor lower and rebuilds the deepest wall from the ETH waiting for the walls, if it is at least the smallest wall; otherwise as soon as it is. The other walls return as the price recovers.). The other walls return as the price recovers. The walls from before stay where they were, as legacy wallsA wall from before a re-base. It stays where it was, above the new walls, and keeps the H it bought..

the pricea wall holding ETHthe part that turned into Ha legacy wall

At a glance

BidThe ETH waiting below the price to buy H from sellers. In this pool all of it is the protocol's own.: The ETH waiting below the price to buy H from sellers. In this pool all of it is the protocol's own.
Last tradable priceThe lowest price at which a sell can still be paid right now. Below it no ETH is left in the pool to buy H.: The lowest price at which a sell can still be paid right now. Below it no ETH is left in the pool to buy H.
Re-base (after a full crash)A full crash is the price falling through every wall. The contract then sets the anchor lower and rebuilds the deepest wall from the ETH waiting for the walls, if it is at least the smallest wall; otherwise as soon as it is. The other walls return as the price recovers.: A full crash is the price falling through every wall. The contract then sets the anchor lower and rebuilds the deepest wall from the ETH waiting for the walls, if it is at least the smallest wall; otherwise as soon as it is. The other walls return as the price recovers.
Legacy wallA wall from before a re-base. It stays where it was, above the new walls, and keeps the H it bought.: A wall from before a re-base. It stays where it was, above the new walls, and keeps the H it bought.

What this is not

Not a claim that the price comes back. The walls are finite, and after a full crash there can be a time with no ETH below the price.

The full page: What happens after a crash

You mine by buying: the fee on your buy is your Work, and each block shares its new H by Work.

This way of mining is called proof of swapHow H is mined here: a real, completed buy from the protocol's liquidity is the proof. Its fee is its Work, and a block shares its miners' part of the new H by Work. It decides who receives new H; it is not how the chain is secured.: the buy itself is the work. Nothing is mined by a machine or by locking tokens up; only a real, completed buy from the protocol's liquidity earns Work. Holders also receive a part of each block's new H, by their Power Up scoreYour Powered H multiplied by the time you have held it, counted by the contract in whole points: 1 point is 1,000 H Powered for one HETH day. It decides your share of the daily holder rewards and the weight of your vote: twice the score, twice the share.: that part is not mined, and nothing is locked for it.

To earn Work, buy through the Uniswap app or from your own wallet. A buy sent through an aggregator may not pass the Work on to you.

1You buy H with ETHFrom the protocol's liquidity, through the Uniswap app or your own wallet. You keep the H you bought.
2The fee on your buy is your WorkYour share of one HETH block's mining. It is the fee you paid on your buys in that block, so a larger buy earns a larger share of that block's H.Every buy pays a protocol feeThe fee on every buy and every sell, called the toll in its code. It pays for the walls and the holder rewards; a small capped part repays whoever makes the walls' upkeep calls, which anyone can. No team wallet and no treasury is paid from it.. That fee counts as your Work in the HETH blockThe contract's own unit of time, about seven minutes. Mining, rewards and the walls all run on it. It is not the chain's block. you bought in. Sells earn no Work.
3The block shares its new H by WorkEach block hands out new H between its buyers, in proportion to their Work. How much it hands out follows demand: this is its releaseThe part of a block's new H that is handed out. It follows demand: when buying is low, less is released and the rest stays in the Vein..
4Your reward is ready about a day laterIt never expires. It is sent to your wallet once it reaches the contract's payout minimum, or you claim it yourself.

Proof of swap, drawn. The miners' part of a block's new H is shared as the block's Work is: the fee of your buys in that block, against the fees of every buy in it. At each halving the most a block can release is cut in half; it never goes back up.

At a glance

Proof of swapHow H is mined here: a real, completed buy from the protocol's liquidity is the proof. Its fee is its Work, and a block shares its miners' part of the new H by Work. It decides who receives new H; it is not how the chain is secured.: How H is mined here: a real, completed buy from the protocol's liquidity is the proof. Its fee is its Work, and a block shares its miners' part of the new H by Work. It decides who receives new H; it is not how the chain is secured.
WorkYour share of one HETH block's mining. It is the fee you paid on your buys in that block, so a larger buy earns a larger share of that block's H.: Your share of one HETH block's mining. It is the fee you paid on your buys in that block, so a larger buy earns a larger share of that block's H.
ReleaseThe part of a block's new H that is handed out. It follows demand: when buying is low, less is released and the rest stays in the Vein.: The part of a block's new H that is handed out. It follows demand: when buying is low, less is released and the rest stays in the Vein.
Block rewardThe most new H one HETH block can release. Its miners and the holders receive the released part; the rest stays in the Vein.: The most new H one HETH block can release. Its miners and the holders receive the released part; the rest stays in the Vein.
Mining rewardsH paid to buyers for their Work. It can be collected about one day after the block it was earned in, and it never expires.: H paid to buyers for their Work. It can be collected about one day after the block it was earned in, and it never expires.
HalvingThe most new H a HETH block can release is cut in half every 30 days.: The most new H a HETH block can release is cut in half every 30 days.

What this is not

Mining is not a return. The reward and the fee of a buy are estimates at the moment they are read; how large a reward is depends on how much everyone else bought in the same block.

The block being mined now: Mining

H you hold becomes Powered after about a day, and the longer you hold it, the lower the fee when you sell.

On a buy, 7 % of what you pay is set aside as a possible rebate. How much of it comes back is fixed when that H becomes Powered, about a day later, by the fee your wallet would pay on a sale at that moment: at 9 %, the fee of a wallet new to Powered H, one part of seven; one part more for every step the fee is lower; for a Loyal wallet, at 3 %, all of it. It counts only on the H you still hold, and it reaches you with your holder rewards. What does not come back goes to the walls (to the holders' rewards once a new version is active).

A wallet's Power Up score is an area: its Powered H across, the HETH days it has been held upward. 1 point is 1,000 H Powered for one HETH day, so 1,000 H held for 10 days and 10,000 H held for 1 day are both 10 points, and 10,000 H held for 10 days is 100. A wallet's share of the daily pool follows its score: twice the score, twice the share. The days held are an average, and they can fall when new H becomes Powered.

The score, in points. The contract counts a wallet's Power Up score in whole points: 1 point is 1,000 H Powered for one HETH day. The score follows the daily rewards: twice the score, twice the share. Beside it stand the days held: the average age of the wallet's Powered H, in whole HETH days. They can fall when new H becomes Powered. A small wallet reads 0 until its Powered H times the HETH days it has been held reaches 1,000: for example 100 H for 10 HETH days.

H that arrives in your wallet is Waiting for about one day, then it is Powered. The fee on a sale of Powered H starts at 10 % and falls in steps the longer your Powered H has been held on average: 9 % from 1 day, 8 % from 2, 7 % from 4, 6 % from 7, 5 % from 10, 4 % from 20, and 3 % from 30 days, when the wallet is Loyal. Waiting H is sold at the full 10 %. Selling H takes holding time away, so the fee can step back up.

Power Down. When Powered H leaves your wallet, the Powered H you keep loses holding time in the same proportion: sell a quarter, lose a quarter of the time. A Loyal wallet loses about half as much. Waiting H leaves first and costs no holding time.

At a glance

Power UpH becomes Powered about one day after it arrives in your wallet. Powered H earns holder rewards, and the longer you hold it the less a sale costs you.: H becomes Powered about one day after it arrives in your wallet. Powered H earns holder rewards, and the longer you hold it the less a sale costs you.
Power DownWhen Powered H leaves your wallet by a sale, a transfer or an exit, the Powered H you keep loses holding time in the same proportion: sell a quarter, lose a quarter of the time. A Loyal wallet loses about half as much. Waiting H leaves first and costs no holding time.: When Powered H leaves your wallet by a sale, a transfer or an exit, the Powered H you keep loses holding time in the same proportion: sell a quarter, lose a quarter of the time. A Loyal wallet loses about half as much. Waiting H leaves first and costs no holding time.
Fee on a sale of Powered HThe fee taken when you sell Powered H. It starts at 10 % and falls in steps the longer your Powered H has been held on average, down to 3 % at 30 days. Waiting H is sold at the full 10 %.: The fee taken when you sell Powered H. It starts at 10 % and falls in steps the longer your Powered H has been held on average, down to 3 % at 30 days. Waiting H is sold at the full 10 %.
RebatePart of a buy's fee, set aside when you buy. When that H becomes Powered, the part your sale fee then allows is paid back with your holder rewards, on the H you still hold: one seventh for a wallet new to Powered H, all of it for a Loyal wallet.: Part of a buy's fee, set aside when you buy. When that H becomes Powered, the part your sale fee then allows is paid back with your holder rewards, on the H you still hold: one seventh for a wallet new to Powered H, all of it for a Loyal wallet.
LoyalA wallet whose Powered H has been held for 30 days or more on average. Loyal wallets also share the loyalty rewards, and a sale takes less of their holding time away.: A wallet whose Powered H has been held for 30 days or more on average. Loyal wallets also share the loyalty rewards, and a sale takes less of their holding time away.
Power Up scoreYour Powered H multiplied by the time you have held it, counted by the contract in whole points: 1 point is 1,000 H Powered for one HETH day. It decides your share of the daily holder rewards and the weight of your vote: twice the score, twice the share.: Your Powered H multiplied by the time you have held it, counted by the contract in whole points: 1 point is 1,000 H Powered for one HETH day. It decides your share of the daily holder rewards and the weight of your vote: twice the score, twice the share.
Days heldThe average age of a wallet's Powered H, in whole HETH days, as the contract counts it. New H that becomes Powered is young, so it lowers the average.: The average age of a wallet's Powered H, in whole HETH days, as the contract counts it. New H that becomes Powered is young, so it lowers the average.

What this is not

A lower fee is not a gain. It is a smaller fee on a sale whose price nobody can know in advance.

Your own Power Up state: Portfolio

Once a day, wallets that hold Powered H share ETH from sell fees and H from mining.

1Two streams fill themA share of every sell fee, in ETH, and a share of the H that mining releases.
2Once a day: paydayOnce a day the contract shares out the holder rewards collected since the last payday.The contract shares out what was collected since the last payday.
3Shared by Powered H and by loyaltyOne part goes to every wallet holding Powered H, by its Power Up scoreYour Powered H multiplied by the time you have held it, counted by the contract in whole points: 1 point is 1,000 H Powered for one HETH day. It decides your share of the daily holder rewards and the weight of your vote: twice the score, twice the share.. The other part goes to LoyalA wallet whose Powered H has been held for 30 days or more on average. Loyal wallets also share the loyalty rewards, and a sale takes less of their holding time away. wallets.

What fills a day's rewards, and who gets them. ETH comes from a share of every sell fee; H comes from the holders' part of what each block releases. Once a day the contract shares both between the wallets that hold Powered H, by their Power Up score: more Powered H, held for longer, is a larger share.

At a glance

Holder rewardsETH and H paid to wallets that hold Powered H. They come from a share of every sell fee and of the H that mining releases, and are shared out once a day.: ETH and H paid to wallets that hold Powered H. They come from a share of every sell fee and of the H that mining releases, and are shared out once a day.
PaydayOnce a day the contract shares out the holder rewards collected since the last payday.: Once a day the contract shares out the holder rewards collected since the last payday.
Airdrop (automatic payout)Rewards sent to your wallet without you doing anything, once they reach the contract's payout minimum. The payout's fee is taken from the rewards.: Rewards sent to your wallet without you doing anything, once they reach the contract's payout minimum. The payout's fee is taken from the rewards.
Payout minimumThe smallest reward the contract sends out by itself. A payout has a fee, so smaller amounts wait and keep adding up; you can claim them yourself at any time.: The smallest reward the contract sends out by itself. A payout has a fee, so smaller amounts wait and keep adding up; you can claim them yourself at any time.
ClaimA transaction you send to collect the rewards waiting for you. The protocol charges nothing for it; you pay the network fee.: A transaction you send to collect the rewards waiting for you. The protocol charges nothing for it; you pay the network fee.

What this is not

Not a fixed income. What a payday shares out depends on how much was sold and mined since the last one; it can be very little.

Your rewards: Portfolio

A bond is ETH paid now for H delivered about one day later, and its ETH goes to the walls.

How a bond is priced

Every bond sells H at 10 % under a reference price. The reference is the highest of three prices: the average over the last 3 blocks, the average over the last 209 blocks, and the price at which the last completed block closed. It is fixed for the whole HETH block: a trade inside a block does not change what a bond of that block costs. Bonds open with the block after the one in which trading began: a bond needs a price that existed when its block began. After a fall the averages stay above the market price for a while, so a bond can then cost more than the market price. The Bonds page shows the bond's price beside the market price, and the difference between them, live.

the market pricethe average of the last 3 blocksthe average of the last 209 blocksthe reference: the highest of the two averages and the last block's close, fixed for each blocka bond: 10 % under the reference

1You pay ETH nowThe contract sets the price when you buy, from the price averaged over the last minutes and over the last day, and states the H your ETH buys (its quoteThe contract's own answer to how much H a bond of a given amount of ETH buys right now, and how much of that ETH it uses. ETH it does not use comes back in the same transaction.). ETH it does not use comes straight back.
2The ETH goes to the wallsIt is not paid to a team or to other holders. It waits with the fees and is placed into the walls.
3About one day later, your H arrivesThe H comes from the VeinThe stockpile of H that mining did not release. Bonds are sold from it. None of it exists as tokens until a bond is delivered.: H that mining did not release. The market price can be higher or lower by then.

At a glance

The VeinThe stockpile of H that mining did not release. Bonds are sold from it. None of it exists as tokens until a bond is delivered.: The stockpile of H that mining did not release. Bonds are sold from it. None of it exists as tokens until a bond is delivered.
BondYou pay ETH now and receive H from the Vein about one day later, at a price the contract sets when you buy. The ETH goes to the walls.: You pay ETH now and receive H from the Vein about one day later, at a price the contract sets when you buy. The ETH goes to the walls.
Bond quoteThe contract's own answer to how much H a bond of a given amount of ETH buys right now, and how much of that ETH it uses. ETH it does not use comes back in the same transaction.: The contract's own answer to how much H a bond of a given amount of ETH buys right now, and how much of that ETH it uses. ETH it does not use comes back in the same transaction.
Bond limitsOne bond can take only a small part of the Vein, and all bonds of one HETH block together only a slightly larger part.: One bond can take only a small part of the Vein, and all bonds of one HETH block together only a slightly larger part.

What this is not

A bond is a purchase of H at a price fixed today for delivery later. The market price can be higher or lower by then. Nothing here is a promise of a gain.

Bonds right now: Bonds

Trading starts with one purchase for everyone who deposited, at one price per H.

People deposit ETH during the launch period and can withdraw until deposits lock, in the final hour. At the end all deposits buy H together in one purchase, the very first trade, and every depositor pays the same price per H. Trading opens with it.

The one price of the launch is set by the launch itself, from all deposits together: the more ETH everyone deposits, the higher it is. Every depositor pays that same price. No number can be known before the launch.

At a glance

The launchThe start of trading. People deposit ETH beforehand, all deposits buy H together in the very first trade, and every depositor pays the same price per H.: The start of trading. People deposit ETH beforehand, all deposits buy H together in the very first trade, and every depositor pays the same price per H.
DepositETH you put into the launch before trading starts. It can be withdrawn until deposits lock, in the final hour before the launch.: ETH you put into the launch before trading starts. It can be withdrawn until deposits lock, in the final hour before the launch.
Deposit lockFor the last nine of the contract's blocks before the launch, about one hour, deposits and withdrawals are closed: nothing can be added or taken out until the launch.: For the last nine of the contract's blocks before the launch, about one hour, deposits and withdrawals are closed: nothing can be added or taken out until the launch.
The launch priceThe one price every depositor paid: all deposits divided by the H the depositors receive. The more ETH is deposited, the higher it is.: The one price every depositor paid: all deposits divided by the H the depositors receive. The more ETH is deposited, the higher it is.
H that stayed in the poolThe launch buys more H than the depositors receive at the one price. The rest stays in the pool as protocol liquidity, for everyone who trades after the launch.: The launch buys more H than the depositors receive at the one price. The rest stays in the pool as protocol liquidity, for everyone who trades after the launch.

What this is not

Not a price known in advance. The one price is set by the launch itself, from all deposits together: the more ETH everyone deposits, the higher it is.

The launch now: Launch

Nobody can change this contract. Only the holders can vote a new version in, and then every holder may leave or move.

The contract keeps running. After a new version is active, this contract does not stop: trading, fees, mining, the daily rewards and the walls go on for everyone who stays. So an exit or a migration is paid from what the walls hold at the moment you send it. Selling on the market also takes ETH out of the walls, so the same share can pay less later than it does now. A migration carries your H one for one, with your share of the walls' ETH as it is at that moment. The launch liquidity is never part of an exit or a migration. Anything a new version gives beyond that is the new version's own rule. Waiting does not improve what you are paid, and it can reduce it.

An exit burns the H you give up and pays you the same share of the ETH of every wall, and of the ETH waiting and kept for them: give up a tenth of the H in holders' hands, the H still owed to holders counted in, and you are paid a tenth of that ETH, whatever the walls hold at that moment. The page asks the contract what your exit would pay right now, and your transaction carries a minimum 1 % under that answer. If the exit pays that minimum or more when it is confirmed, you are paid and your H is burned. If it would pay less, the contract refuses it whole: nothing is burned and you keep your H.

An exit is a share of the H in holders' hands at that moment. A wallet that holds most of all H (measured: more than about 70 %) can make its own share slightly larger (measured: by at most about a quarter of a percent of the exit's ETH) by selling a little, waiting about three HETH blocks and buying back, at the cost of those who stay.

1Anyone proposes a new versionA contract whose code is already on the chain, with a deposit. The proposal opens nothing by itself.
2Holders vote YES or NOA vote is final. What it counts is the H that is Powered Up in the wallet at the exact moment the vote ends, and its Power Up scoreYour Powered H multiplied by the time you have held it, counted by the contract in whole points: 1 point is 1,000 H Powered for one HETH day. It decides your share of the daily holder rewards and the weight of your vote: twice the score, twice the share.. No team key can decide it or stop it.
3A waiting time after approvalThen anyone can make the new version active, with exactly the code that was voted on.
4The way out is openEvery holder may leave with their share of the walls' ETH, or move that share to the new version. Nobody has to do either: holders who stay keep their H.

A vote, from start to end. A proposal opens the vote, which runs for 7 d 14 min; there is no result while it runs. Then the votes are counted (11 h 57 min). If it is approved, a waiting time follows (1 d 2 min) before the new version can be made active. Only then may each holder leave with their share or move to the new version.

At a glance

The way outIf most holders vote for a new version of the contract, every holder may leave with their share of the walls' ETH, or move to the new version. Until such a vote has passed, it stays closed.: If most holders vote for a new version of the contract, every holder may leave with their share of the walls' ETH, or move to the new version. Until such a vote has passed, it stays closed.
The holders' voteHolders decide with a simple YES or NO. A new version is approved when the YES voters hold enough Powered H and their score is higher than the NO voters' score. No team key can decide it or stop it.: Holders decide with a simple YES or NO. A new version is approved when the YES voters hold enough Powered H and their score is higher than the NO voters' score. No team key can decide it or stop it.
New version (successor)A new contract that holders may move to. The code calls it the successor. It becomes active only through the holders' vote, and only with exactly the code that was voted on.: A new contract that holders may move to. The code calls it the successor. It becomes active only through the holders' vote, and only with exactly the code that was voted on.
ExitLeaving through the way out: your H is burned and you receive your share of the ETH in the walls. Possible only after the holders have voted a new version in.: Leaving through the way out: your H is burned and you receive your share of the ETH in the walls. Possible only after the holders have voted a new version in.
MigrateMoving to the new version: your H here is burned and your share of the walls' ETH is sent to the new contract in your name. Possible only after the holders have voted it in.: Moving to the new version: your H here is burned and your share of the walls' ETH is sent to the new contract in your name. Possible only after the holders have voted it in.

What this is not

Not a price for H and not a promise of any value: an exit pays whatever the walls hold at that moment, and the walls can hold little.

Is it open? Vote

Getting your funds out without this site

This site only reads the chain and prepares transactions for your own wallet to sign. It holds nothing of yours, and everything it does can be done without it: from the network's block explorer, or with any wallet program.

H in your own wallet

Your H is a token in your own wallet. It needs nothing from this site to be held, sent or sold.

Rewards the contract owes you. Open the main contract on the block explorer (0x20b8A711468b8Ff7d61BfE824a806840420128Ec), go to its "Write contract" tab, connect your wallet and call claimAllRewards. It sends your mining rewards that are ready and your holder rewards. claimRewards sends only the holder rewards, claimMiningRewards only the mining rewards.

An exit, once the holders have voted a new version in. On the same tab the function is exit, with two numbers: the H you give up, in the token's smallest unit (1 H is 1 followed by 18 zeros), and the least ETH you accept, in the same kind of unit. Ask the contract first what your amount would pay: previewExit, on the "Read contract" tab.

On the explorer you type that least amount yourself. 0 means you accept any amount, however little. This site sets it 1 % under the contract's own answer, so that an exit which would pay less is refused whole and you keep your H.

hooked-miner

The miner's funds are in an ordinary wallet whose private key you hold.

Any wallet program that imports that key controls them, with or without the miner, on this machine or another.

Four protocols of one idea, side by side

HBTC, HETH v1 and HBNB are earlier protocols of the same idea: a pool in which buying mines. This table sets their mechanics beside this protocol's. Each line about another protocol says what its own public site showed on 10 October 2026; they may have changed since. Where a site does not state a thing, the table says so. It describes how each works and judges none of them.

What is compared	HETH (this protocol)	HBTC	HETH v1	HBNB
Chain and pair	ETH and H, on the network named at the top of this page	Robinhood Chain, ETH and HBTC	Robinhood Chain, ETH and HETH	BNB Smart Chain (BSC), BNB and HBNB
Its own block (the unit of mining)	About seven minutes	10 minutes	About seven minutes (414 seconds)	5 minutes
Fee on a trade	10 % on a buy and on a sale. On a sale of Powered H it falls in steps to 3 % the longer the H is held	A fee that adjusts itself between 1 % and 10 %, the same on a buy and on a sale	A fee that adjusts itself between 1 % and 10 %, the same on a buy and on a sale	A buy fee that adjusts itself between 1 % and 10 %; the sell fee is one percentage point higher
What mines	A buy from the protocol's liquidity. The fee paid is the Work. Sells earn none	A buy. The fee paid is the Work. Sells earn none	A buy. The fee paid is the Work. Sells earn none	A buy. The fee paid is the Work. Sells earn none
How much new token a block hands out	Fixed by demand when the block gets its first buy. The part not released stays in the Vein	The scheduled amount, scaled by the block's Work against a Work target; at or above the target the block hands out the whole scheduled amount	The scheduled amount, scaled by the block's Work against a Work target; at or above the target the block hands out the whole scheduled amount	The scheduled amount, scaled by the round's Work against a Work target; at or above the target the round hands out the whole scheduled amount
When a mining reward can be collected	About one day after its block. It never expires, and it is sent to the wallet once it reaches the payout minimum	After its block closes. It does not expire	Right after the block closes. It does not expire	From the start of the second round after it. It does not expire
Buy walls below the price	Seven walls below an anchor. The anchor follows a time-weighted price; after a crash the walls are rebuilt lower only once the price has stayed below every wall across a block's end	Seven tiers of buy orders below an anchor price, which it calls the Burn Net	Seven buy orders at set depths below a reference price	Fourteen walls
Who can add liquidity to the pool	Only the protocol itself	Not stated on its site	Not stated on its site	Only its own contracts
Rewards for holding	Daily rewards in ETH and H for Powered H, and a sale fee that falls with holding time	None described on its site	None described on its site	None described on its site
Bonds	Yes: ETH now for H from the Vein about one day later. The ETH goes to the walls	None described on its site	None described on its site	None described on its site
Who can change the contract	No owner and no admin key. A new version becomes active only through the holders' vote	Its site states no owner, no admin keys and no upgrade path	Its site states no owner, no admin and no upgrade	Its site states no ongoing owner, and a coordinator used once at launch
A way out for holders	Yes, once the holders have voted a new version in: leave with a share of the walls' ETH, or move to the new version	None described on its site	None described on its site	None described on its site
Price and market cap in USD on its site	Yes, with the source and the age of the USD price	No USD figure and no market cap	Yes, from a named exchange rate	Yes, from a named price feed

Chain and pair

HETH (this protocol): ETH and H, on the network named at the top of this page
HBTC: Robinhood Chain, ETH and HBTC
HETH v1: Robinhood Chain, ETH and HETH
HBNB: BNB Smart Chain (BSC), BNB and HBNB

Its own block (the unit of mining)

HETH (this protocol): About seven minutes
HBTC: 10 minutes
HETH v1: About seven minutes (414 seconds)
HBNB: 5 minutes

Fee on a trade

HETH (this protocol): 10 % on a buy and on a sale. On a sale of Powered H it falls in steps to 3 % the longer the H is held
HBTC: A fee that adjusts itself between 1 % and 10 %, the same on a buy and on a sale
HETH v1: A fee that adjusts itself between 1 % and 10 %, the same on a buy and on a sale
HBNB: A buy fee that adjusts itself between 1 % and 10 %; the sell fee is one percentage point higher

What mines

HETH (this protocol): A buy from the protocol's liquidity. The fee paid is the Work. Sells earn none
HBTC: A buy. The fee paid is the Work. Sells earn none
HETH v1: A buy. The fee paid is the Work. Sells earn none
HBNB: A buy. The fee paid is the Work. Sells earn none

How much new token a block hands out

HETH (this protocol): Fixed by demand when the block gets its first buy. The part not released stays in the Vein
HBTC: The scheduled amount, scaled by the block's Work against a Work target; at or above the target the block hands out the whole scheduled amount
HETH v1: The scheduled amount, scaled by the block's Work against a Work target; at or above the target the block hands out the whole scheduled amount
HBNB: The scheduled amount, scaled by the round's Work against a Work target; at or above the target the round hands out the whole scheduled amount

When a mining reward can be collected

HETH (this protocol): About one day after its block. It never expires, and it is sent to the wallet once it reaches the payout minimum
HBTC: After its block closes. It does not expire
HETH v1: Right after the block closes. It does not expire
HBNB: From the start of the second round after it. It does not expire

Buy walls below the price

HETH (this protocol): Seven walls below an anchor. The anchor follows a time-weighted price; after a crash the walls are rebuilt lower only once the price has stayed below every wall across a block's end
HBTC: Seven tiers of buy orders below an anchor price, which it calls the Burn Net
HETH v1: Seven buy orders at set depths below a reference price
HBNB: Fourteen walls

Who can add liquidity to the pool

HETH (this protocol): Only the protocol itself
HBTC: Not stated on its site
HETH v1: Not stated on its site
HBNB: Only its own contracts

Rewards for holding

HETH (this protocol): Daily rewards in ETH and H for Powered H, and a sale fee that falls with holding time
HBTC: None described on its site
HETH v1: None described on its site
HBNB: None described on its site

Bonds

HETH (this protocol): Yes: ETH now for H from the Vein about one day later. The ETH goes to the walls
HBTC: None described on its site
HETH v1: None described on its site
HBNB: None described on its site

Who can change the contract

HETH (this protocol): No owner and no admin key. A new version becomes active only through the holders' vote
HBTC: Its site states no owner, no admin keys and no upgrade path
HETH v1: Its site states no owner, no admin and no upgrade
HBNB: Its site states no ongoing owner, and a coordinator used once at launch

A way out for holders

HETH (this protocol): Yes, once the holders have voted a new version in: leave with a share of the walls' ETH, or move to the new version
HBTC: None described on its site
HETH v1: None described on its site
HBNB: None described on its site

Price and market cap in USD on its site

HETH (this protocol): Yes, with the source and the age of the USD price
HBTC: No USD figure and no market cap
HETH v1: Yes, from a named exchange rate
HBNB: Yes, from a named price feed

The words used in this table: WorkYour share of one HETH block's mining. It is the fee you paid on your buys in that block, so a larger buy earns a larger share of that block's H. · HETH blockThe contract's own unit of time, about seven minutes. Mining, rewards and the walls all run on it. It is not the chain's block. · the VeinThe stockpile of H that mining did not release. Bonds are sold from it. None of it exists as tokens until a bond is delivered. · anchorThe reference price the walls hang below. Once per slot (about one hour) the contract compares it with the lowest of the last four hourly prices: it can rise or stay. It comes down only when the walls are rebuilt after a full crash, once there is ETH for the smallest wall. · time-weighted priceThe price averaged over a period, each price counted for as long as it lasted. One large trade cannot move it much, so the contract uses it instead of the price of the moment. · Powered HH you have held for about one day or more. It shares the daily holder rewards and counts in the holders' vote. · payout minimumThe smallest reward the contract sends out by itself. A payout has a fee, so smaller amounts wait and keep adding up; you can claim them yourself at any time. · new versionA new contract that holders may move to. The code calls it the successor. It becomes active only through the holders' vote, and only with exactly the code that was voted on.

Where this design comes from

The idea that a buy mines, and its name, proof of swap, come from HBTC (Hooked Bitcoin). Its whitepaper says: "Proof-of-work is replaced by proof-of-swap: the fee paid on a purchase is the electricity, the purchase itself is the hash, and the pool is the coinbase."

HETH v1 (Hooked Ethereum) brought that design to an ETH pair, with HBTC's contracts. This protocol is built from HETH v1's code: it keeps proof of swap, and changes what a block releases, who can earn Work, how the walls are placed, and adds what the table above lists.

HBTC's is the earliest use of the name for this mechanic that we found. An older relative of the idea is the fee mining some exchanges ran in 2018, under another name.

We found no public code repository of HBTC or of HETH v1 to link. The published code of both is the verified source of their contracts.

What is new here

This protocol starts from HETH v1's design and changes how its parts work. It is a new token with its own launch: H of HETH v1 cannot be converted into it.

Only real buys mineNobody but the protocol can add liquidity to this pool. So liquidity lent for the length of one transaction cannot be used to earn Work.
Walls follow averaged pricesWalls are placed and moved on time-weighted prices of periods that have ended, never on a price someone can push inside one transaction.
Holding lowers your sale feeH you have held for about a day is Powered. The fee on a sale of Powered H falls in steps from 10 % to 3 % the longer it is held, and part of a buy's fee can come back as a rebate.
Sellers pay holdersA share of every sell fee goes to the wallets that hold Powered H. It is shared out once a day, together with a share of the H that mining releases.
New H follows demandWhen buying fades, a block releases less new H. The rest waits in the Vein and leaves it only through bonds, whose ETH goes to the walls.
A sell is paid while ETH is thereA sell is never refused while ETH is there to pay it. A sell larger than that ETH is paid only in part. After a full crash the contract rebuilds the deepest wall.
Every change leaves a public recordEvery change to the walls is written to the chain as an event. Anyone can rebuild every figure on this site from the contract's events and its own answers.
Said plainly: where to buyTo earn Work, buy through the Uniswap app or from your own wallet. A buy sent through an aggregator may not pass the Work on to you.

The words used here: WorkYour share of one HETH block's mining. It is the fee you paid on your buys in that block, so a larger buy earns a larger share of that block's H. · time-weighted priceThe price averaged over a period, each price counted for as long as it lasted. One large trade cannot move it much, so the contract uses it instead of the price of the moment. · Powered HH you have held for about one day or more. It shares the daily holder rewards and counts in the holders' vote. · rebatePart of a buy's fee, set aside when you buy. When that H becomes Powered, the part your sale fee then allows is paid back with your holder rewards, on the H you still hold: one seventh for a wallet new to Powered H, all of it for a Loyal wallet. · the VeinThe stockpile of H that mining did not release. Bonds are sold from it. None of it exists as tokens until a bond is delivered. · bondYou pay ETH now and receive H from the Vein about one day later, at a price the contract sets when you buy. The ETH goes to the walls. · full crashA full crash is the price falling through every wall. The contract then sets the anchor lower and rebuilds the deepest wall from the ETH waiting for the walls, if it is at least the smallest wall; otherwise as soon as it is. The other walls return as the price recovers.

None of this is a promise of a price, of a return or of protection against a fall. Walls slow a fall; they do not stop it.