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 autonomous algorithmic monetary issuance protocol built using Uniswap v4 hooks. Every organic swap is both market activity and a protocol clock tick: the hook observes conditions, queues eligible work, and advances one bounded task on the next swap.
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, produces fees, and clocks the autonomous state machine.
RESERVE
WETH and ELE flows build reserves for compression, coverage, and future expansion.
QUALIFY
The hook checks price persistence, fees, liquidity, reserves, capacity, and time on swaps.
EXPAND
A later swap executes the next eligible stage: authorization, tranche, liquidity, or cleanup.
Expansion is the result of that full sequence—not a reaction to a single trade and not an operator decision. When every condition passes, the hook advances the Staircase Controller from ordinary market traffic. Multi-stage work is deliberately spread across later swaps so execution remains bounded.
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 make the monetary cycle autonomous.
The Elevator Hook runs inside the ELE/WETH pool lifecycle. It does more than observe and charge fees: every organic swap checkpoints the protocol, and the following swap's active PoolManager unlock can advance one deterministic task.
CHECK
Before and after each organic swap, record observations and evaluate qualification or abandonment.
QUEUE
Mark a next-swap automation pass after settlement. Quiet markets need no heartbeat transaction.
EXECUTE
Attempt one gas-capped transition, compression, liquidity task, fee harvest, or overflow burn.
No keeper is paid or required. Candidate failures are caught inside a fixed gas envelope, so ineligible work cannot block the trader. Public transition functions remain recovery fallbacks, not the normal operating model.
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
RESERVE-CONSTRAINED MODEL · ACTIVE FLOOR 00
ELE
TARGET FLOOR
F01
Loading model...RESERVE-CONSTRAINED
UNCLEARED FLOORS1
GROSS EXPANSION50 ELE
RESERVE NEEDED FOR 60%30 ELE
ACTUAL RESERVE RELEASE30 ELE
NEW ELE ISSUED20 ELE
TARGET / 3% THRESHOLD0 / 0 WETH
RESERVE INVENTORY 60.00%
NEW ISSUANCE 40.00%
CURVE MINERS · 88%44 ELE
PERMANENT LP · 10%5 ELE
TEAM · 2%1 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, the next-swap state machine advances the ascent automatically. No user chooses the floor or mint amount.
Every swap moves the monetary cycle forward.
Buy-side activity builds WETH reserves. Sell-side activity and compression build ELE inventory. The same swap stream autonomously checks qualification, executes compression, advances earned floors, deploys permanent liquidity, harvests fees, and clears stale work. Supply expands only when the market earns uncleared floors—without a keeper, maintenance bot, or app button.
01
Swaps in ELE/WETH produce market observations and protocol fees.
02
WETH fees build Buyback and Stability Reserves; ELE fees build Ascent inventory.
03
Buyback reserves can acquire ELE below the active floor, moving it out of circulation.
04
Persistent demand qualifies every sustained target floor across price, net flow, time, liquidity, fees, and reserves.
05
An authorized expansion blends at most 60% reserve inventory with at least 40% newly issued ELE.
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 with protocol state. No slice funds executors: autonomous work is bundled into organic swaps and the monetary remainder stays in protocol reserves.
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
80 BP MONETARY · 20 BP REVENUE
The remaining monetary fee splits 60% to Buyback Reserve and 40% to Stability Reserve.
ELE INPUT
80 BP ASCENT · 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 and distance builds mining power. You never authorize or settle an ascent: organic swaps drive the v4 hook, and the hook automatically distributes 88% of each earned floor to eligible Curve Miners. No ascent, no mining reward.
HOW CURVE MINING WORKS
THE MARKET EARNS IT · THE HOOK SETTLES IT
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 a floor, later organic swaps make the hook authorize and settle it. Eligible positions are credited automatically, with no keeper or miner transaction.
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. THE HOOK SETTLES IT. CURVE MINERS EARN THE REWARD.
Elevator coordinates market fees, reserve activity, floor qualification, compression, liquidity, and supply allocation as a self-advancing monetary cycle. Organic ELE/WETH swaps are its clock; no keeper fleet or maintenance interface is part of production operation.
Independent project. Not affiliated with or endorsed by Robinhood Markets, Robinhood Crypto, Robinhood Chain, Uniswap Labs, or the Uniswap Foundation. Uniswap is a trademark of Uniswap Labs; all other third-party marks belong to their respective owners. No financial advice. Experimental software; use at your own risk. Read the full disclaimer.