Pyramid
Reserve currency · Circle Arcbacked by
what it
earns
reading the chain…
- 01The reserve fills
Swap volume tithes USDC into the Foundation. Nobody deposits it.
- 02Emissions unlock
Only once backing clears the floor. Never before.
- 03The pool compounds
Every course raises what one share is worth.
The floor is
arithmetic, not
a promise.
Burn PYRAMID and take your pro-rata share of the reserve. Each redemption shrinks supply faster than it shrinks the reserve, so backing per token rises for whoever stays. The Foundation has no owner, no withdraw and no arbitrary call — redeem is the only door.
Priced at the moment you sign. Nothing is locked and there is no exit fee.
Shares, not a
rebasing balance.
Capstone shares never rewrite your balance. What grows is the PYRAMID each share redeems for, every time a course lands. Nothing is locked and nothing is skimmed on the way out.
Priced off backing,
never off the pool.
Send USDC, receive PYRAMID vesting over five days. The price is the backing plus two percent, so a block always puts more into the reserve than the tokens it creates are backed by — which means no block, of any size, in any sequence, can dilute the holders who did not bond. There is no pool price to push, because this contract never reads one.
The printer
cannot start
before the
treasury exists.
A course is a layer of masonry, and here a layer of emissions: 0.30 % of supply into the staking pool, at most once every eight hours. Anyone may call it and nobody is paid to. It reverts outright if it would push backing below the floor, so the reserve bounds the printer — and when emissions dilute the reserve back to that floor, they switch themselves off until volume refills it.
What is true, and
what is not claimed.
No owner, no pause, no blacklist, no upgrade. Not on the token, not on the reserve.
The supply is not fixed. Emissions and bonds mint, and every scanner will say so. What is claimed instead is narrower and checkable: no human address can mint, the two minting contracts were pinned once before the book opened, and the set has been frozen ever since.
The tithe is 1 %, flat, both directions, forever. It lands on the USDC leg of all four swap shapes. There is no ramp to expire and no rate to change.
The reserve has one exit. Redeem burns your own tokens first. Nobody — the deployer included — has a path to that USDC.
The source is not verified on an explorer. Arc 5042 is not supported by Sourcify and its explorer sits behind an SSO, so no third party can render this source against the deployed bytecode today. Read the contracts, not this sentence.