01 · BOARD
CHOOSE A FLOOR
Commit ELE to the Elevator Car and select a destination floor above the active floor.
New money,one floor at a time.
Elevator is an experimental algorithmic monetary issuance protocol built using Uniswap v4 hooks. It organizes monetary expansion into a deterministic staircase of progressively higher price levels. Supply expands only when the market earns one or more uncleared floors.
TICKER
$ELE
MARKET
ELE / WETH
FLOOR STEP
1.181262×
LAUNCH SUPPLY
50,000 ELE
HARD CAP
21M ELE
VIRTUAL DEPTH
~6.43 WETH
The market earns every floor it clears.
Elevator launches 50,000 ELE across five permanent, one-sided v4 positions with zero contributed WETH. Active launch ranges provide approximately 6.43 WETH of virtual depth—not treasury WETH. Trading then produces the observations, fees, and reserves that move the protocol toward higher floors.
TRADE
The ELE/WETH market establishes price and produces protocol fees.
RESERVE
WETH and ELE flows build reserves for compression, coverage, and future expansion.
QUALIFY
Price persistence, fees, liquidity, reserves, capacity, and time must align.
EXPAND
Each floor blends up to 60% reserve-held ELE with at least 40% newly issued ELE.
Expansion is the result of that full sequence—not a reaction to a single trade. When every condition passes, the Staircase Controller settles every continuously qualified, fully payable floor in one bounded event.
Authorized Expansion
=
Reserve Release
+
New Issuance
Reserve inventory may carry no more than 60% of a floor. Newly issued money always supplies at least 40%, subject to fee-earned capacity and hard issuance caps.
Uniswap v4 hooks connect trading activity to monetary policy.
The Elevator Hook runs inside the ELE/WETH pool lifecycle. It turns each swap into market observations and fee settlement that the rest of the protocol can use.
OBSERVE
Records time-weighted price history, fee production, and active liquidity from the ELE/WETH market.
APPLY
Applies the monetary fee schedule for the current stage of the cycle.
ROUTE
Settles input-side fees into WETH keeper rebates, revenue, and protocol reserve destinations.
Those observations feed the Staircase Controller. The controller combines market history with net demand, reserve, and supply constraints to determine how many whole floors have been earned.
VIEW THE TECHNICAL MECHANISMFloors turn expansion into a sequence people can follow.
Each floor is 18.1262% above the last and earns a fixed 0.10% launch-supply quantum. The ratio is derived from 0.6% supply elasticity. Select one below to inspect the staircase.
Fn = F0 × rn · r = 1.181262 · WETH per ELE
F0 is the starting floor, n is the floor index, and r is the elasticity-derived step ratio. Every cleared floor authorizes exactly 50 ELE of gross expansion.
FLOOR
WETH / ELE
MODEL
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ELE
TARGET FLOOR
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PERMANENT LP · 10%{{ sel.liquidityAmount }} ELE
TEAM · 2%{{ sel.teamAmount }} ELE
This calculator applies floor quantum, reserve ceiling, mandatory mint share, and distribution math. Actual authorization may clear fewer floors when TWAP, flow, fees, liquidity, coverage, rolling caps, or hard-cap room are insufficient.
A higher price starts the process. It does not finish it.
Before supply can expand, demand must persist across both price windows while fees, liquidity, reserve coverage, mint capacity, and timing all remain within policy. The controller evaluates every gate together.
PRICE + FLOW
The lower TWAP sustains a target through the shared dwell and epoch net WETH flow is positive.
QUALIFICATION TIME
The price signal remains continuous through the full qualification period.
FEE PRODUCTION
The market produces enough eligible WETH fees relative to circulating value.
ACTIVE LIQUIDITY
Observed ELE/WETH liquidity remains above the required market depth.
RESERVE COVERAGE
Stability reserves cover the required share of any proposed new issuance.
CAPACITY + TIME
Fee-backed capacity, supply limits, and ascent cooldowns leave room to proceed.
When every gate passes, any caller can execute the authorized ascent.
Every swap moves the monetary cycle forward.
Buy-side activity builds WETH reserves. Sell-side activity and compression build ELE inventory. When sustained demand earns a new floor, inventory may carry up to 60% while newly issued ELE powers at least 40%.
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Fees change with the stage of the cycle.
The hook applies a monetary fee to swap input alongside the 0.30% pool LP fee. Rates shift as Elevator accumulates reserves, qualifies a floor, opens an expansion window, or reviews compression.
STATE
BUY TOTAL
SELL TOTAL
Lobby
Baseline market routing
1.30%
1.30%
Ascending
Next-floor qualification dwell
1.55%
1.55%
Doors Open
30-minute post-tranche window
1.10%
1.80%
Descending
Compression and floor review
0.90%
2.05%
WETH INPUT
5 BP KEEPER · 20 BP REVENUE
The remaining monetary fee splits 60% to Buyback Reserve and 40% to Stability Reserve.
ELE INPUT
0 BP KEEPER · 20 BP REVENUE
Every remaining ELE fee settles into the Reserve Vault as excluded Ascent inventory.
Buy-side flow builds WETH reserves for compression and coverage. Sell-side flow builds ELE inventory for future expansion.
CURVE MINING · POWERED BY THE ELEVATOR CAR
Commit ELE. Ride the curve. Mine the next floor.
Choose a destination Car and commit ELE to it. Time builds eligibility, distance builds mining power, and an executed ascent distributes 88% of each floor to eligible Curve Miners. No ascent, no mining reward.
HOW CURVE MINING WORKS
REWARDS REQUIRE AN EXECUTED ASCENT
02 · MATURE
BUILD WEIGHT
Eligibility begins after 15 minutes. Mining weight grows with time and reaches full maturity after four hours.
03 · RIDE
FOLLOW THE CURVE
Farther destination floors can increase position weight, subject to the protocol's destination-factor cap.
04 · SETTLE
EARN ON ASCENT
When the market earns and clears a floor, eligible positions share the Curve Mining allocation pro rata.
FLOOR ALLOCATION88% TO CURVE MINERS
MATURITY WINDOW15 MIN → 4 HOURS
DESTINATION FACTORUP TO 1.5×
PRINCIPALREMAINS WITHDRAWABLE
TIME → ELIGIBLE MINING POWERREFRESHES ARE PROSPECTIVE
< 15 minutes0%
15 minutes25%
1 hour65%
4 hours100%
THE MARKET EARNS THE MINT. CURVE MINERS EARN THE REWARD.