$ELE is an onchain monetary game built on Uniswap v4 hooks.
Every swap advances state: reserves build, supply compresses and market-earned floors clearโwithout governance mints or keepers.
Next: walkthroughs, simulations and tools to help our community and creators understand the system.
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$ELE has no time-based emission schedule.
50,000 $ELE was minted at launch.
New supply can only be created when the market earns and clears floors, subject to fee production, reserve coverage and rolling issuance caps.
The hard ceiling is 21M $ELE.
https://t.co/lbfahSU3zI
@laro9588 If the buyback reserve is depleted, the engine can automatically draw only from stability reserve WETH above its protected floor, under the same execution limits.
If both usable reserves run out, buybacks stop until new fees replenish them. Parameters do not dynamically loosen.
213 mining positions in two days is kind of nuts.
People have activated positions, earned ELE, claimed rewards, exited, and come back with new targets.
The Car is busy. ๐
The Elevator Protocol just bought back 0.1 ETH from reserves.
A 0.01 ETH market buy triggered onchain compression, converting 0.1 WETH of accumulated reserves into 111.99 ELE for protocol inventory.
The acquired ELE was not burned. It is now held by the protocol.
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Current Curve Mining Snapshot:
Floor 17
213 positions created by 79 wallets.
5,473.71 $ELE ($17,481.38) deposited across 78 open positions; 45 active.
220 $ELE allocated: 67.48 claimed
0.21 paid through exits
152.31 $ELE currently claimable across 16 positions held by 9 wallets.
Every new Elevator floor is a first.
The protocol cannot recycle old milestones or double-count previous progress.
Each 50 ELE allocation belongs to a level the system has never cleared before, and only arrives after the market earns it through the full set of onchain gates.
Market price: where $ELE trades now.
Current floor: the highest floor cleared.
Active floor: the WETH/ELE price assigned to that floor and used by protocol rules.