Inside the
monetary engine.
Elevator connects market activity, segregated reserves, time-weighted price signals, and bounded supply operations in one autonomous monetary cycle. Organic Uniswap v4 swaps are the protocol clock.
Each contract owns one part of the monetary cycle.
Market observation, asset custody, policy decisions, autonomous execution, and allocation accounting are separated across immutable contracts with one-time configuration.
ELEVATOR HOOK
Observes the ELE/WETH pool, routes fees, checkpoints policy on every organic swap, queues a next-swap pass, and coordinates one gas-capped task through v4 flash accounting.
STAIRCASE CONTROLLER
Qualifies floors, authorizes bounded expansion, manages the mint window, advances or abandons floors, and selects the hook fee state.
RESERVE VAULT
Accounts for Buyback WETH, Stability WETH, and ELE Ascent inventory. It releases ELE to the distributor and funds the Compression Engine.
COMPRESSION ENGINE
Prepares and finalizes budgeted WETH-to-ELE swaps that the hook executes inside the already-active PoolManager unlock.
ELE TOKEN
Implements non-rebasing ERC-20 supply with permit, a fixed maximum supply, controller-only minting, and vault-only reserve burns.
ISSUANCE DISTRIBUTOR
Splits each executed expansion tranche 88% to eligible Car weight, 10% to permanent liquidity, and 2% to the team destination. Automation receives 0%.
ELEVATOR CAR
Tracks deposited ELE, destination floors, time-qualified weight, reward accumulators, claims, and position exits.
CLOCK + SETTLEMENT
CHECK · QUEUE · EXECUTE
ONE BOUNDED TASK
The ELE/WETH pool supplies every monetary signal.
The hook binds policy to a single Uniswap v4 pool with a 0.30% LP fee and 60-tick spacing. Swap and liquidity callbacks update observations; swaps also advance the autonomous execution clock.
OBSERVATION RING
1,536 tick-cumulative observations are written at 15-minute intervals, providing approximately 16 days of rolling price history.
TWAP CONSULT
A requested lookback resolves the past cumulative tick, extends the current cumulative value to the present block, and converts the average tick into WETH per ELE.
LIQUIDITY RECORD
The hook records the minimum active liquidity observed during the current monetary epoch. The value resets when an ascent or abandonment resets the epoch.
FEE ACCUMULATOR
WETH monetary fees accumulate as eligible fee production for the epoch. Authorization compares this value with circulating market value.
SPOT READING
The current pool tick supplies a spot price for compression-zone checks. Expansion qualification uses primary and confirmation TWAP windows.
Input-side fees adapt to the monetary state.
The hook adds a state-dependent monetary fee to the pool LP fee. Exact-input swaps settle the fee in beforeSwap; exact-output swaps gross up input settlement in afterSwap.
| STATE | BUY HOOK | SELL HOOK | EFFECTIVE TOTAL | CONTEXT |
|---|---|---|---|---|
| Lobby | 1.00% | 1.00% | 1.30% / 1.30% | Baseline routing |
| Ascending | 1.25% | 1.25% | 1.55% / 1.55% | Qualification dwell |
| Doors Open | 0.80% | 1.50% | 1.10% / 1.80% | Post-tranche window |
| Descending | 0.60% | 1.75% | 0.90% / 2.05% | Abandonment dwell |
WETH INPUT
Twenty basis points route to revenue. The remaining monetary portion splits 60% to Buyback WETH and 40% to Stability WETH; no execution reward is removed.
ELE INPUT
Twenty basis points route to revenue. Every remaining fee unit settles into the Reserve Vault as excluded Ascent inventory.
Three balances connect fees to future monetary operations.
The Reserve Vault separates reserve purpose at the accounting layer while maintaining direct token backing for each recorded balance.
BUYBACK WETH
Funds Compression Engine swaps. Each execution debits the recorded amount before settlement and returns any unspent WETH to the same balance.
STABILITY WETH
Supplies coverage for proposed new issuance. Stability WETH below the configured floor is excluded from eligible coverage.
ASCENT INVENTORY
Includes ELE received from sell-side fees and compression. Vault-held ELE is excluded from circulating supply and released before minting.
CIRCULATING SUPPLY
Calculated as total ELE supply minus the Reserve Vault’s ELE balance.
INVENTORY CEILING
Reserve inventory above 15% of circulating supply can be burned, returning the vault to its configured ceiling.
circulating supply = total supply − vault ELEReserve inventory contracts circulation without changing total supply until an overflow burn executes.
Two price windows establish the next-floor signal.
Floors form a geometric sequence in WETH per ELE. The hook checkpoints qualification before and after swaps and maintains the Ascending state through controller calls.
floor(n) = launch floor × 1.181262^nEach floor earns 0.10% of anchor supply; qualification threshold = target floor × 1.03.
Consult the 30-minute primary TWAP and 5-minute confirmation TWAP.
Use the lower reading to derive the highest target floor and require positive net WETH flow.
Start or continue the qualification timestamp and set the hook to Ascending.
Maintain qualification for 15 minutes; the next organic swap evaluates elapsed time without a keeper heartbeat.
Recheck price and every remaining gate when ascent authorization executes.
Organic swaps are the protocol clock.
The hook turns ordinary Uniswap v4 order flow into a self-advancing monetary engine. Every organic swap checkpoints market-dependent conditions and queues a bounded automation pass. A later swap uses its already-active PoolManager unlock to execute at most one productive task.
CHECK. Before and after each swap, the hook refreshes observations and asks the controller whether qualification, expiry, tranche, or descent conditions have changed.
QUEUE. Settlement marks a pending automation pass. The swap that discovers a condition does not recursively execute every downstream action.
EXECUTE. On a subsequent organic swap, a gas-capped self-call advances one controller transition, compression swap, liquidity action, harvest, or overflow burn.
ISOLATE. Failed or temporarily ineligible work cannot block the user's swap. The task is retried from later order flow when its gates are satisfied.
CHECK + QUEUE
ONE BOUNDED TASK
CONTINUE THE CYCLE
There is no maintenance role to fund.
No keeper registry, executor reward, bot heartbeat, or app button is required for normal operation.
Work follows real market activity.
A quiet pool pauses naturally. The next organic swap observes elapsed wall time and resumes the state machine.
Authorization becomes circulation in bounded tranches.
After authorization, the hook automatically attempts the next eligible tranche from later organic swaps. Each tranche is capped at 2% of the authorization supply snapshot and the remaining authorized amount; the public entry point remains only as a recovery fallback.
Size a blended tranche with at most 60% reserve ELE and at least 40% newly issued ELE.
Transfer reserve-funded ELE from the vault to the Issuance Distributor.
Mint the mandatory new-money portion, debiting active mint capacity and every rolling mint window.
Allocate 88% to eligible Car weight, 10% to permanent sell liquidity, and 2% to the team wallet.
Return the Car share to Ascent inventory when no position weight is eligible.
Set the hook to Doors Open for 30 minutes. Any amount left after the one-hour expansion window expires unissued.
tranche = reserve release + new issuanceReserve inventory may supply at most 60% of an executed allocation; newly issued ELE supplies at least 40%.
Buyback WETH converts into excluded ELE inventory.
The hook evaluates compression during its automation pass and, when both TWAP and spot enter the configured zone, executes the WETH→ELE swap inside the organic swap's active Uniswap v4 unlock.
ZONE
The 30-minute TWAP and spot price must both be at or below 85% of the active floor.
DEVIATION
Spot and TWAP may differ by no more than 5%.
AVERAGE PRICE
Post-trade average execution price may not exceed 90% of the active floor.
BUDGET
Reference limits are 0.10 WETH per pass, 0.50 WETH per rolling four hours, and a 15-minute cooldown.
SETTLEMENT
The hook prepares a bounded amount, settles WETH through PoolManager during the active unlock, and finalizes acquired ELE directly into the Reserve Vault. Compression swaps do not generate a monetary hook fee.
RESERVE VAULT
POOL MANAGER
RESERVE VAULT
Prolonged weakness is recorded without replaying paid floors.
Abandonment is an autonomous descent checkpoint tied to a six-hour TWAP and the state of buyback capacity, qualification, and active expansion. Cleared monetary altitude is a permanent high-water mark.
Require an active floor above zero and a valid six-hour TWAP below 75% of that floor.
Require Buyback WETH to be fully spent, no remaining expansion, and no active ascent qualification.
Maintain abandonment qualification for two hours. Organic swaps continue the checkpoint sequence without an external heartbeat.
Consume the descent tracker and return the fee state to Lobby without decreasing the floor, resetting the monetary epoch, or imposing a new ascent cooldown.
Destination and time determine mining power.
Curve Mining is participation through the Elevator Car contract. Each position escrows ELE, selects a future destination, and builds eligible weight across hour-scale time tiers. Miners manage positions; organic swaps make the hook authorize and settle earned ascents into the Car's Q128 reward-per-weight accumulator.
| POSITION AGE | ELIGIBLE WEIGHT |
|---|---|
| Less than 15 minutes | 0% |
| 15 minutes | 25% |
| 1 hour | 65% |
| 4 hours | 100% |
DESTINATION RANGE
From one to 64 floors above the floor at deposit.
ACTIVATION
A position activates after its first eligibility delay and before its destination floor closes.
QUALIFICATION CUTOFF
Deposits made during an active ascent qualification use a later eligible-from floor.
WEIGHT REFRESH
Mature positions can advance to the next time tier without receiving retroactive allocation.
DESTINATION CLOSE
When the controller reaches a destination, its weight retires and its reward accumulator becomes fixed.
AUTONOMOUS SETTLEMENT
The hook executes eligible tranches from later swaps and credits Car rewards without a keeper or miner maintenance call.
EXIT
Exit removes the position and returns principal plus accrued ELE allocation.
Authorities are narrow and runtime work is self-advancing.
One-time bootstrap configuration connects the system. Runtime permissions assign each asset operation to its corresponding contract, while the hook orchestrates ordinary monetary maintenance from swaps.
| OPERATION | AUTHORIZED CALLER | RECIPIENT / EFFECT |
|---|---|---|
| Mint ELE | Staircase Controller | Issuance Distributor |
| Burn reserve ELE | Reserve Vault | Reduces vault balance and total supply |
| Credit swap fees | Elevator Hook | Reserve Vault accounting |
| Spend Buyback WETH | Compression Engine | Uniswap v4 PoolManager |
| Release Ascent ELE | Staircase Controller | Issuance Distributor |
| Set fee state | Staircase Controller | Elevator Hook |
| Pause monetary actions | Guardian | Bounded duration up to 24 hours |
| REFERENCE VALUE | PARAMETER | ROLE |
|---|---|---|
| 1.181262× | Floor ratio | Derived from 0.10% quantum and 0.6% supply elasticity |
| 3% | Activation buffer | Price distance above next floor |
| 50 ELE | Floor quantum | 0.10% of immutable launch anchor per cleared floor |
| 2.00% | Event ceiling | Maximum authorized share of current supply |
| 2.00% | Tranche ceiling | Maximum execution share of supply snapshot |
| 10% | Monthly mint ceiling | Early-tier rolling 30-day supply limit |
| 0.50%–1.50% | Reserve coverage | Coverage tiers for concrete candidate issuance value |
| 15m / 1h / 1h | Dwell / cooldown / window | Qualification and expansion timing |
New money, one floor at a time.
Swap-clocked and self-advancing through Uniswap v4. No keeper required.