The $GODL token

$GODL is the protocol's token. 100% of the fees the LP strategy collects buy $GODL on the market and burn it. Trading the token funds the treasury, and the treasury runs the same strategy.

The tax

Every buy and every sell of $GODL carries a tax. Over a full round trip it adds up to 5%. The whole amount goes to the protocol treasury. Nothing is taken from liquidity deposits for this.

Buyback and burn

Every fee the strategy collects is swapped for $GODL and sent to the burn address. Every swap on Elysium that pays the pool therefore shrinks the supply of $GODL. Burns are visible in the activity feed and on-chain.

What the treasury does

The treasury is not a bank account. It is put to work in the HYPE / KNTQ pool, in the same ±5% band and with the same re-centring rules as user positions, so it earns the same fees. Its positions are visible on-chain like any other.

Two ways in

• Deposit into the strategy. Your position sits in the range, and the fees it collects feed the buyback and burn of $GODL
• Buy $GODL. You back the treasury, and the tax you pay becomes liquidity that earns fees for the protocol