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Mechanism · Issue 03 · testnet

How the money moves

How HoodHound $HOOD tax becomes HOOD/TSLA. Launch, kennel, work, feed — four beats you can check on-chain.

Kennel proof →Weekly boardKennel PassBid split
Kennel holding
—xTSLA

$HOOD × HOOD/TSLA

Testnet vault books xTSLA; the league labels it HOOD/TSLA.

50%
Into kennel
25%
Creator
25%
Curve
  1. 01Launch

    Fair launch via LaunchRouter. 100% supply on the curve. Creator first buy is public.

  2. 02Kennel

    Every trade tax splits 50 / 25 / 25: half pending buyback into the kennel, a quarter creator, a quarter curve.

  3. 03Work

    Anyone can sign executeBuyback. Kennel stock sits on-chain. Vault address is checkable.

  4. 04Feed

    Live Wire logs every fill. League ranks kennel stock notional. Stocked badge only if the kennel holds shares.

Mechanism notes, not yield. Not investment advice. No kennel stock means empty credit and league score.

Protocol bidCompare
Buy stock, don't burn it

After graduation the bid stays on. We buy into the kennel. Vibe burns. Flap mints a lend ticket.

Bid split →
FEFE.
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