Stake

Every buyback pays the holders.

The mine spends its protocol fee buying THULE. Nine tenths of what it buys is burned. One tenth goes to this vault.

Staked

—

THULE in the vault

One stTHULE

—

THULE, rises with each buyback

Burned

—

THULE bought back and destroyed

Paid to stakers

—

THULE, all time

Your stake

THULE
—
You receive—

Your position

—
0

THULE your stake is worth now

stTHULE held
0
Your share of the vault
—
THULE in your wallet
0

No lock and no fee. Yield depends on how much HYPE miners deploy; it is not fixed.

Where the protocol fee goes

—
Received from losing sectors— HYPE
Waiting to buy THULE— HYPE
THULE bought back— THULE
of which burned— THULE
of which paid to stakers— THULE
Sent to the reserve— HYPE

The $ELYSIUM burn takes its 20% before this point, inside the Mine. It is listed on the mine page.

Reserve

—
Loading.

Bids that rest below the market. They buy only if the price falls to them, and what they buy is burned and staked like any other buyback. Nobody can withdraw them.

How the vault works

A plain vault. Nothing clever.

stTHULE is a share of the THULE in the vault. Buybacks add THULE without adding shares, so each share is worth more. Leaving is a single transaction at the current share price.

Standard
ERC-4626 vault over THULE
Source of yield
10% of every buyback and every reserve fill
Lock or exit fee
none
Owner powers over the vault
none, the vault has no owner
Vault address
—
Revenue router
—