New money,
one cleared floor at a time.

Verify the network and every contract

Elevator is configured for Robinhood Chain, chain ID 4663. Addresses below are release data, not browser-local overrides. A missing address is explicitly shown as unpublished.

Bridge to Robinhood Chain · OPEN APP

The market operates the machine

Trading does more than produce price history, fee reserves, and net-flow evidence. Every organic ELE/WETH swap also clocks the protocol state machine. The hook checks conditions, queues work, and lets later swaps execute bounded actions until the cycle is current.

Market strength
  → observations and WETH fees
  → sustained target floors
  → reserve release + new issuance
  → Car rewards + permanent liquidity

Market weakness
  → Buyback Reserve becomes executable
  → a later organic swap executes WETH-to-ELE compression
  → acquired ELE enters excluded reserve inventory

Responsibility is split; the hook orchestrates

No single contract both observes the market, holds every asset, chooses policy, and distributes rewards. Wiring is performed once during deployment, then the Uniswap v4 hook coordinates normal runtime work directly from order flow.

ELE is explicit supply, not a rebase balance

Wallet balances change only through ERC-20 transfers, rewards, minting to the distributor, or reserve burns. There is no share index, wrapper token, or global balance adjustment.

Circulating versus reserve supply

ELE held in the Reserve Vault is excluded from circulation. Moving ELE into the vault compresses circulation without changing total supply. Releasing it reverses that circulation change. Minting increases total supply. Burning reserve inventory reduces total and reserve supply together.

Fifty thousand ELE, zero contributed WETH

The entire genesis supply enters five permanent, one-sided v4 positions. No WETH is paired at launch. Geometry creates approximately 7.0022 WETH of synthetic launch valuation and 6.4289 WETH of active virtual depth.

What virtual liquidity means

The positions contain real ELE but initially no WETH. Buyers bring the first physical WETH and remove ELE. Selling traverses the ranges in reverse and can reactivate finite layers.

Every swap is both a trade and a clock tick

Elevator binds to one ELE/WETH PoolKey with a 0.30% LP fee and 60-tick spacing. Exact-input fees are calculated before the swap. Exact-output input is grossed up after actual consumption is known. v4 return deltas make PoolManager settle the complete obligation.

The two-swap automation pattern

Swap N observes and queues; Swap N+1 may execute one task before its own settlement. Separating discovery from execution prevents a recursive policy cascade inside the trade that first satisfies a gate. Subsequent swaps continue the queue until no eligible work remains.

Swap N:   beforeSwap check → market settlement → pending pass
Swap N+1: active v4 unlock → one gas-capped task → settlement
Swap N+2: continue only when more work is eligible

The first WETH-input trade

At launch PoolManager has no physical WETH available for a pre-settlement fee transfer. The first WETH-input trade therefore waives only Elevator’s hook fee; the 0.30% LP fee still applies. Normal hook fees begin after physical WETH exists.

Fees fund distinct jobs

The 0.30% LP fee belongs to liquidity positions. An additional state-dependent hook fee is assessed on input.

WETH-input routing

A fixed 0.20% input slice goes to revenue. The remaining hook fee is split 60% Buyback and 40% Stability. Only Buyback plus Stability WETH counts as eligible ascent fees.

ELE-input and LP fees

On sells, a fixed 0.20% input slice goes to revenue and the remaining hook-fee ELE enters the Ascent Reserve. LP harvest routes WETH 50% revenue / 30% Stability / 20% Buyback and all harvested ELE to the reserve.

Policy reads time; swaps supply the checkpoints

The hook stores 1,536 cumulative-tick observations at a 15-minute storage interval, approximately 16 days. Consults interpolate history and extend the latest cumulative value to the current block. The protocol does not need a heartbeat transaction: if the pool is quiet, wall time still passes, and the next organic swap evaluates the elapsed interval against current observations.

A floor is a paid monetary level, not a price guarantee

Every floor is a relative price level anchored to launch. Each newly cleared floor authorizes 0.10% of the immutable 50,000-ELE anchor: exactly 50 ELE.

The 18.1262% spacing derives from the floor quantum and selected 0.6% supply elasticity. The market chooses how many fixed levels it sustains; it does not redefine their spacing.

Price discovers candidates; gates decide whether they count

Qualification must remain live for 15 minutes. Hook-originated checkpoints arrive naturally with organic swaps and may bridge quiet intervals; direct public recovery calls retain the five-minute freshness rule. The controller stores the minimum target seen during the shared dwell, so a late spike cannot inherit earlier time.

Every gate

1. Valid 30-minute and 5-minute TWAPs.
2. Sustained target above the cleared high-water.
3. Hook-evaluated 15-minute dwell.
4. Minimum observed liquidity.
5. Positive signed net WETH flow.
6. Eligible WETH fees at least 0.05% of circulating market value.
7. Candidate-tested Stability coverage.
8. Enough reserve plus mint capacity for a complete floor.
9. First delay, cooldown, prior-expansion, and pause checks.

Fees earn authority to print; they do not collateralize ELE

The higher TWAP is used as valuation price. Stability coverage tests the concrete candidate; it is a gate, not redemption backing. The first 0.1 WETH of Stability is excluded.

Independent ceilings

• 2% gross event cap.
• 2% new issuance per event.
• 2% tranche cap.
• Rolling 24-hour, 7-day, and 30-day caps.
• 21 million hard cap.
• At least 40% newly minted in each executed floor.

Rolling bases exclude still-live mint records, so printing cannot grow its own allowance. The high-water taper never reverses.

Every fully payable crossed floor settles together

DesiredFloors = SustainedTarget - CurrentFloor
MaximumPayable = min(2% event cap,
                     Reserve + MintCapacity,
                     MintCapacity / 40%)
PayableFloors = min(DesiredFloors, floor(MaximumPayable / 50))
Authorized = PayableFloors × 50 ELE

Rounding is downward; no floor is partially paid. Authorization lasts one hour. Later hook passes revalidate price, liquidity, rolling capacity, hard-cap room, and coverage before automatically executing whole-floor tranches at least 15 minutes apart. Expired remainder is erased rather than owed; no account must return to press an execution button.

Each floor is a separate economic slice

Even inside one aggregate transaction, floors settle in order so destinations stop at the selected level.

Position yourself; the hook settles the ascent

Curve Mining is the user activity powered by the Elevator Car contract. A miner deposits ELE, chooses a destination above the current floor, waits, and activates. Organic swaps then operate the monetary state machine; when the market earns a floor, the hook settles its Car allocation without a keeper or miner maintenance transaction.

How to Mine

1. Open the mining app, connect the wallet that holds ELE, and confirm that the page shows Robinhood Chain.
2. Read Current Floor immediately before depositing. Do not use the market's price-qualified target as the Current Floor.
3. Choose an absolute destination from Current Floor + 1 through Current Floor + 64. Leave enough room for your intended mining period because one ascent can clear several already-qualified floors.
4. Enter the ELE amount and destination, then press Approve + Mine.
5. Confirm an approval transaction if requested, then confirm the separate deposit transaction. Approval alone does not create a position.
6. After the deposit confirms, save the numeric Position ID shown in Position Control and the activity log. A wallet address or transaction hash is not a Position ID.
7. Load that Position ID and verify its owner, principal, and destination. A new deposit should show Active: false.
8. Wait at least 15 minutes of chain time. This is the earliest activation time, not a guarantee of immediate activation.
9. Press Activate and confirm the transaction. Activation succeeded only when the position shows Active: true and nonzero weight. Depositing alone earns no active-weight reward.
10. Leave the position active for future earned ascents through its inclusive destination. Rewards are not fixed and are never retroactive for floors settled before activation.
11. Use Refresh Weight after the one-hour and four-hour age tiers. The larger weight applies only from the successful refresh forward.
12. Use Claim to withdraw accrued ELE without closing the position. Use Exit to receive principal plus rewards and permanently delete it; principal has no early-exit penalty.

If Activate fails after 15 minutes

A position deposited during an active qualification epoch is deliberately excluded from that already-developing reward event. It cannot activate while that same epoch remains pending. This prevents last-minute deposits from diluting miners who were already active.

Choosing the destination

The destination is the last floor the position intends to mine. Destinations are inclusive: an active Floor 10 position can share Floor 10, then its mining weight retires. Distance is measured from the Current Floor at deposit.

If the current floor has reached your destination

Lifecycle

1. Deposit ELE and choose a destination one to 64 floors ahead.
2. Wait at least 15 minutes.
3. Activate using current age and destination weight.
4. Refresh prospectively at later age tiers.
5. Claim rewards or exit with principal plus accrued rewards; early exit has no principal penalty.

Who operates what

Destinations are inclusive: a Floor 10 rider receives Floor 10, then stops. Positions are non-transferable.

Qualification cutoff

Deposits made while qualification is active are permanently ineligible for the pending floor and begin at the following floor. Activation rechecks the stored cutoff, so later tranche execution cannot admit a late position.

Weakness can move ELE out of circulation

Elevator keeps two physically backed WETH subaccounts in the Reserve Vault. The Buyback Reserve is the primary compression budget. The Stability Reserve supports issuance coverage and may supplement a bounded compression only from WETH held above its protected floor.

How the reserves are funded

WETH-input hook fees first route the fixed revenue slice. The remaining monetary fee is divided 60% to Buyback and 40% to Stability. Harvested WETH LP fees route 50% to revenue, 30% to Stability, and 20% to Buyback. LP fees do not create eligible mint capacity. The Reserve Vault requires its physical WETH balance to cover the complete Buyback plus Stability accounting balance.

WETH hook fee remainder:  60% Buyback / 40% Stability
WETH LP fees:             20% Buyback / 30% Stability / 50% revenue

When compression is eligible

Compression is measured against the last cleared active floor, not against the latest market high. Every condition below must pass:

• The 30-minute TWAP and spot price are both at or below 85% of the active floor.
• Spot and TWAP differ by no more than 5%.
• The protocol is configured and unpaused.
• The computed amount is nonzero and a buyback budget is available.
• The 15-minute execution cooldown has elapsed.
• The completed purchase has an average price no higher than 90% of the active floor.

How Stability can support a buyback

The engine first uses Buyback Reserve WETH. If the single bounded action requires more, it may reclassify only the needed shortfall from Stability WETH above the immutable 0.1-WETH floor. Reclassified WETH immediately stops counting as issuance coverage and remains subject to every compression zone, cooldown, epoch, execution-price, and accounting check. The protected floor cannot be reclassified.

Execution and settlement

The hook can execute one eligible compression task during an organic swap using the active Uniswap v4 unlock. The same bounded action is also permissionless. The protocol-sized amount cannot be replaced with a dust or partial action that consumes the global cooldown. Failed automated attempts are deferred without blocking the user's swap.

Buyback WETH -> WETH-to-ELE swap -> Reserve Vault
             -> circulating ELE decreases
             -> total ELE supply is unchanged

Compression swaps pay no Elevator monetary fee and are excluded from eligible-fee and net-WETH-flow signals. The protocol therefore cannot use its own purchase to manufacture ascent qualification.

What happens to purchased ELE

Purchased ELE settles directly into the Ascent Reserve. It is excluded from circulating supply but is not automatically burned. During a later market-earned ascent, reserve inventory may supply at most 60% of the distribution, so released ELE becomes circulating again. At least 40% of every cleared ascent remains newly issued ELE. If reserve inventory exceeds 15% of circulating supply, a later bounded automation pass may burn only the overflow.

Issuance continually reinforces the sell curve

Ten percent of each floor accumulates in the liquidity vault. A later hook pass locks eligible inventory into a new one-sided range above current price. Principal is non-withdrawable.

Autonomous harvest does not remove liquidity. WETH LP fees route 50% revenue / 30% Stability / 20% Buyback; ELE fees enter reserve. No operator must monitor fee balances or submit a harvest transaction.

Order flow replaces the keeper network

Every organic swap checkpoints conditions and queues a pass. The next swap executes at most one eligible transition, compression, liquidity, harvest, expiry, descent, or overflow task inside a gas-capped self-call. No keeper, app button, or reward vault is required.

Current swap discovers; next swap executes

Swap N / beforeSwap   → checkpoint the prior market state
Swap N / settlement   → record fees, flow, liquidity, and pending work
Swap N+1 / beforeSwap → use the active unlock for one bounded task
Swap N+1 / settlement → queue another pass only if work may remain

The separation is deliberate. A swap that creates a qualifying condition records it; a later swap gives the protocol a clean, bounded execution point. Multi-stage work naturally unfolds over several real trades instead of becoming one unbounded transaction.

Why Uniswap v4 matters

The hook is already running inside PoolManager's unlock lifecycle. That lets compression settle WETH for ELE and lets genesis or permanent liquidity actions use native v4 accounting without a separate keeper transaction. The trade supplies the execution context; protocol contracts still enforce every price, time, reserve, capacity, and routing gate.

Bounded gas and natural pacing

A pass receives at most 2,000,000 gas and runs only when at least 150,000 gas remains reserved for the user's swap path. If gas is insufficient, the pending bit stays queued. One productive task per pass prevents a backlog from turning an ordinary trade into an unpredictable maintenance bundle.

Failure isolation

Candidate calls are deterministic, individually caught, and capped at one productive task per swap. An ineligible or reverting candidate is deferred without reverting the trader.

No heartbeat and no automation reward

Quiet markets pause naturally; they do not invalidate elapsed wall time. The next organic swap resumes evaluation. Because execution is bundled into swaps, the protocol allocates 0% to an executor and maintains no keeper registry, rebate pool, or privileged bot role. Public transition functions remain a permissionless recovery surface, not the normal operating model.

The hook operates; deployer permissions only constrain

Elevator has no multisig role layer. The deployment script binds the guardian, revenue recipient, initial team recipient, and immutable team manager to the deployer wallet. The bootstrap is a one-use launch coordinator, not a continuing owner.

There are no proxies, governance policy setters, treasury withdrawal keys, alternate governance mint paths, keeper allowlists, or privileged automation executors.

What users see as the market changes

Immutable version-one configuration

The hard problem is economic behavior

Tests establish accounting evidence, not economic safety.

• One-pool dependence: TWAPs, fees, flow, and liquidity are correlated.
• Thin launch: approximately seven WETH of virtual geometry creates MEV and ordering risk.
• Price impact: marked rewards may not sell at spot value.
• Concentration: few riders can earn large percentages; more riders dilute rewards.
• Autonomous ordering: hook work is visible, orderable, and dependent on future organic swaps.
• Gas overhead: eligible automation consumes part of a trader's transaction gas, although it is capped and failure-isolated.
• Liquidity proxy: raw v4 liquidity does not prove independent depth.
• Permanent capital: LP principal cannot be removed.
• Audit and legal: independent technical, economic, and regulatory review remains mandatory.

Terms used throughout Elevator

Automation pass

A gas-capped hook self-call that advances at most one productive protocol task during an organic swap.

Active floor

Price of the highest permanently cleared monetary floor.

Ascent Reserve

ELE held by Reserve Vault and excluded from circulation.

Buyback Reserve

WETH only Compression may spend.

Car

Non-transferable participation and reward-accounting contract.

Cleared floor

A relative level whose complete 50-ELE entitlement was authorized.

Compression

Bounded protocol buyback that moves ELE into reserve.

Eligible fees

Hook WETH routed to Buyback and Stability this epoch.

Floor quantum

Fixed 50-ELE gross expansion per cleared floor.

Net WETH flow

Buyer inflow minus seller outflow, excluding compression.

Organic swap

An ordinary user ELE/WETH trade, distinct from a protocol-owned compression swap, that clocks and may carry automation.

Pending automation

The hook flag indicating that a later swap should attempt a bounded protocol task.

Reserve release

Existing excluded ELE returned to circulation.

Stability Reserve

Segregated WETH used for coverage; only the amount above its immutable floor can be reclassified into gated compression budget.

TWAP

Time-weighted WETH/ELE price from cumulative v4 ticks.

Virtual liquidity

Quoted depth from one-sided ELE positions without launch WETH.

Every WETH subaccount remains physically backed

The Reserve Vault enforces that its physical WETH balance covers Buyback plus Stability accounting. The subaccounts are not discretionary. Compression may reclassify Stability WETH above the immutable floor into Buyback only after its zone and deviation gates pass; the floor itself is unreachable. Direct WETH donations remain unaccounted and unusable unless they arrive through an authenticated credit path.