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How It Works

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The Obelisk Flywheel

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Step by Step

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1. Mint LODE by paying ETH

Choose a mint power (25, 50, or 100) and a duration (1-280 days). Pay the mint cost in ETH. Your LODE is locked until the maturity date. Higher mint power and longer durations produce more LODE but cost more ETH.

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2. Claim your LODE at maturity

Once your mint matures, claim your LODE. You have a 7-day grace period with no penalty. After that, penalties escalate rapidly — up to 99% after two weeks.

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3. Stake LODE to earn ETH

Lock your LODE for 28 to 3,500 days. You receive shares proportional to the amount and duration. Shares earn ETH from four recurring payout cycles that distribute protocol fees to stakers.

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4. Burn LODE to boost future mints

Burning LODE permanently destroys it and increases your burn amplifier — a bonus of up to 8% on all future mint rewards. Burning also earns ETH from the 28-day burn pool.

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5. Protocol fees flow back

All ETH from minting flows back into the system:

• 62% buys LODE on Uniswap V3 and burns it (deflationary pressure)
• 28% goes to staker payout pools
• 7% goes to the burn reward pool
• 3% goes to the genesis treasury

Anyone can trigger these distributions and earn a 0.33% incentive fee for doing so.

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Daily Evolution

The protocol evolves every day. Each contract day:

• Mint cost increases slightly (capped at 0.01 ETH)
• Available LODE per day decreases (capped at 800 LODE/day)
• Share rate increases (staking becomes more expensive over time)
• Early adopter bonuses decay toward zero

This rewards early participants and creates urgency.