HETHRobinhood Chain Testnet
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Price of 1 HWhat one H costs in ETH in the pool right now.unavailableUSD unavailableThe ETH figure converted at the ETH price our server read from a public exchange, named beside it with its age. It is a conversion for reading, made outside the contract: the contract knows no USD price.
Market capThe circulating supply multiplied by the price: the value, at the price of this moment, of the H in holders' hands. It leaves out the H in the protocol's own liquidity and walls; FDV counts that H too.unavailableUSD unavailable
FDVFully diluted valuation: the total supply multiplied by the price. It counts every H that exists now, the H in the protocol's own liquidity and walls included; market cap counts only the circulating supply.unavailableUSD unavailable
SupplyAll H that exists now: everything minted and mined so far minus everything burned.unavailableunavailableThe H in holders' hands, as the contract itself counts it: the total supply without the H in the protocol's own liquidity and walls. The contract counts that H at an averaged price, not the price of the moment, so the figure follows a large trade a little later.
No dataReading the key figures…

Transparency

What happens after a crash

  1. 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. 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. 3 · The deepest wall is rebuiltThe contract sets the 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. 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 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.). The other walls return as the price recovers. The walls from before stay where they were, as A 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

All the ETH waiting to buy H in this pool is the protocol's own. Liquidity from anyone else is refused, so a seller meets the protocol's walls and its launch liquidity, nothing else.

After any crash, sells are paid from whatever ETH the pool still holds: the walls first, then the protocol's own launch liquidity, at lower prices as the price moves through them.

A sell is never refused while ETH is there to pay it. A sell larger than the ETH waiting is paid in part, down to the last tradable price. One case is stated openly: at a total collapse, when no ETH at all is waiting below the price, a sell cannot be paid and is refused; it can go through again once one buy comes in or a wall is rebuilt. Nothing is taken from anyone.

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. The other walls return as the price recovers.

Walls are placed and moved by the time-weighted price of a whole hour, never by a price someone can push in one transaction.

Bonds, whose proceeds fund the walls, sell from the stockpile (the Vein) in small steps: at most 1 % of the Vein per bond and 5 % per HETH block, each delivered 209 HETH blocks (1 d 2 min) after it is bought.

Every change to the walls is recorded on the chain. The Stats page shows the ETH waiting below the price live, and a banner says plainly when it is little, when every wall is crossed, and when none is left.

What a seller is told, in each state

Little ETH is waiting below the price
Little ETH is waiting close below the price. A large sell may be paid only in part; the rest has to wait for buyers or for walls to return. A sell is never refused while ETH is there to pay it.
No wall below the price
The price has fallen through every wall. Sells are still paid from the protocol's launch liquidity, at lower prices. After such a full crash the contract rebuilds the deepest wall; the other walls return as the price recovers.
No ETH is waiting below the price
No ETH is waiting below the price, so a sell cannot be paid right now. It can again once someone buys or a wall is rebuilt. Nothing is taken from anyone.

The words used on this page: 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. · 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. · 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. · 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. · 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. · 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. · 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. · The 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.

figures: read from the contract when this site was built · chain block 133731546