Token and fees
What $HIMITSU does, where fees go, and which parameters are still proposals.
$HIMITSU launches on Pons, the launchpad on Robinhood Chain. The address will be posted on this site and nowhere else first. Until then, any token claiming to be $HIMITSU is not.
Roles
Buyback and burn. Each paid order sends a protocol fee, in the asset it was paid in, to the Himitsu treasury: 0.50 % at deploy, never more than 2 % (a cap written in the contract). The $HIMITSU creator fees go to the same treasury. Every day at 12:00 UTC the treasury spends its ETH, minus a small gas reserve, on $HIMITSU (on the Pons bonding curve, or on the Uniswap pool once the token graduates) and sends what it bought to 0x000000000000000000000000000000000000dEaD. More orders settled means more $HIMITSU removed from supply.
The treasury is a public wallet, 0xb1d3AA7D85A03e3aB82c64D1aD4F6cFaB2bc1A7C: every fee in and every burn out can be checked on Blockscout.
Prover stake. Heavy proofs (schema, test suites) can be delegated to provers. A prover stakes $HIMITSU to register. Its stake caps the volume of orders it can serve at once.
Slashing. A prover that relays an invalid attestation, or withholds a proof it was paid to produce until the order expires, loses part of its stake. The slashed amount goes to the party that was harmed.
Proposed parameters
| Parameter | Proposal |
|---|---|
| Protocol fee | 0.50 % of each paid order, hard cap 2 % in the contract, fixed per order at open |
| Fee use | 100 % to buyback and burn, through the treasury, daily at 12:00 UTC (live once $HIMITSU launches) |
| Prover minimum stake | set at prover launch |
| Slash on invalid attestation | a fixed share of stake, to the harmed party |
These are design proposals. Final values are written into the contracts at deploy and published on this page.