Docs / Where the ETH goes⌄

Concepts

Where the ETH goes

Every purchase splits in up to three parts, and each has exactly one way out.

A purchase with a window#

PartWhere it sitsWhere it can go
The ETH spent on the tokensHeld by the hook, in your nameBack to you if you undo; into the pool if the purchase is kept
The premiumHeld by the hook until the window closesSpent buying tokens from the pool, which are burned
The 1% taxOwed to the dev from the moment you buyTo the dev, in ETH, when anyone calls claimDev

Your tokens are held beside your ETH, out of the pool. They reach your wallet only if the purchase is kept, so a purchase is either refunded or delivered, never both.

A plain swap#

Without a window it is an ordinary Uniswap swap. The ETH goes into the pool, less the 1% tax, and the tokens come out to you. Selling is the same in reverse: the tokens go into the pool, and the ETH comes out to you, less the tax.

What nobody can take#

  • The liquidity. The hook is the only liquidity provider, and no function hands its positions to anyone. Nobody else can add or donate liquidity either.
  • A window's ETH. Only its owner can get it back, and only by undoing before the expiry.
  • The supply. Nothing can mint a token. The supply only goes down, when premiums buy tokens back and burn them.

The dev receives the tax, in ETH, and nothing else: never a token, never the liquidity, never a window's ETH or premium.