Proof-of-Swap mechanism notes.

Overview

HETH uses one ETH/HETH Uniswap v4 pool. Every ETH → HETH Buy pays the adaptive swap fee. The fee is recorded as Work for the Miner’s share of the current block reward. Purchased HETH is liquid immediately. Sells remain immediate, pay the same fee, and never mine.

Buys, sells, and rewards

A Buy records its fee as Work for one Miner in the current block. It is not computing power, staking, or a guaranteed reward.

Mining attribution follows the protocol rules: a router may supply a Work beneficiary; empty attribution data defaults to the transaction origin. Users must trust their chosen integration to credit the intended Miner. External routing support requires separate verification.

The pool must consume the full ETH input after the fee. Incomplete net-input consumption or zero HETH output reverts the entire Buy atomically, including its fee, Work and output. Partial wall fills are a separate mechanism.

414-second blocks

Each block lasts exactly 414 seconds, or 6.9 minutes. After the block closes, its reward is final. Empty blocks emit nothing, and blocks below the Work target mint only the earned fraction of the scheduled reward.

Immutable emission schedule

The hard cap is 120,000,000 HETH. A halving epoch contains 6,261 blocks, with a 96-epoch calculation bound. Integer per-round rewards become zero from epoch index 74 (counting from zero); this is not 96 nonzero reward epochs. Integer dust, empty-block rewards, and rewards not earned because activity is below target are never minted, so the cap is a maximum rather than guaranteed issuance.

Locked starting liquidity

Full Genesis began at deployment. Public trading is closed for the first 209 protocol rounds—exactly 24 hours, 2 minutes, and 6 seconds. After this clock opens, the first eligible successful Buy can activate starting liquidity within its transaction. Their exact scheduled reward—2,002,874.940105414470531711 HETH—is assigned only to permanent, protocol-owned starting liquidity. Any liquidity-rounding remainder remains permanently locked inside the hook; it cannot be withdrawn.

During the first public 414-second round, the direct recipient HETH balance is limited to 2% of the total Genesis allocation: exactly 40,057.498802108289410634 HETH. This is a temporary direct ERC-20 balance limit, not a universal maximum purchase or per-person protection. PoolManager ERC-6909 settlement claims can exceed it; redemption into a direct balance remains restricted until the cap expires. Purchased-token settlement claims are separate from mining rewards.

The Hook Wall

The adaptive swap fee starts at 3% and is permanently bounded between 1% and 10% on both buys and sells. Collected ETH is placed in seven limit buy orders below a reference price. Burns are triggered separately. Anyone can trigger a burn for fully filled orders; partially filled orders are settled during an eligible Hook Wall update. The protocol does not market-buy HETH.

The adaptive fee starts at 3%, remains within the inherited 1–10% bounds, and retargets every 209 rounds: 24h 2m 6s, approximately 24 hours. This fee clock is separate from the wall clock. A retarget due before a swap can change the fee charged on that swap.

Normal wall updates become eligible every 104 rounds: 11h 57m 36s, approximately 12 hours. The maximum normal upward reference step is 1,177 ticks, approximately 12.489997%, described as up to 12.5%. Observations may support a smaller rise or none. Initial anchoring and generation/stall resets follow separate rules; the normal ceiling is not a universal reset limit.

The adaptive seven-level allocator funds nominal depths of 5%, 10%, 15%, 20%, 30%, 40% and 50% below the reference. Funding responds to deepest-range coverage, circulating supply and existing balances. There is no fixed funding split, and displayed amounts and shares reflect the last-settled ledger, not continuously reconstructed inventory after fills. Partial wall-position fills remain legitimate and are separate from incomplete user buys.

A due wall update needs a permissionless caller transaction. While the bounty escrow is below 0.0042 ETH, 2% of collected fees funds it. An eligible poke can earn up to 0.00014 ETH-equivalent in PoolManager ETH-backed claim credits, limited by the escrow. Credits require redemption before use as native ETH; they do not automatically fund gas. Harvest has no separate bounty. No standing worker or extra helper contract is promised, and bounty-redemption UI is deferred. Auto Miner is forthcoming and unavailable in this release.

Authority boundary

HETH is experimental. Deployment verification is not an independent security audit. The wall has finite funding; execution, price support, demand, rewards, returns and recovery are not guaranteed. Holders can lose money.

• No owner, admin, upgrade, pause, rescue, treasury, founder allocation, arbitrary mint, fee setter, or path to withdraw the starting liquidity exists in the HETH token or hook.
• Claims never expire. Anyone may claim for a Miner, but the HETH always goes to the Miner rather than the caller.
• Anyone may update the Hook Wall when eligible. A successful eligible update earns up to 0.00014 ETH from the maintenance balance, as a redeemable ETH credit in the PoolManager. The amount may be smaller or zero.
• The external PoolManager is separately governed and remains outside HETH control.
• The design does not guarantee liquidity, execution, price, demand, reward amount, market value, or profit.

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