Whitepaper
The rules.
Exactly as the code runs them.
| Token | $FERRY on Solana (pump.fun) |
| Fee source | pump.fun creator fees on $FERRY trades, claimed when at least 0.02 SOL is waiting |
| Fee loop | Every 30 minutes: claim, swap SOL to HYPE on HyperEVM with Relay (when at least 0.1 SOL), stake with Kinetiq for kHYPE (Kinetiq minimum 5 HYPE), bridge kHYPE to the vault on Elysium |
| Kept back | 0.02 SOL for Solana fees, 0.05 HYPE on HyperEVM, and a 0.01 HYPE top-up on Elysium for gas |
| Reward | kHYPE (Kinetiq staked HYPE), bridged to Elysium by the official Elysium token bridge |
| Your share | Balance multiplied by time held, measured every 5 minutes, within each 24h window |
| Left out | Wallets owned by programs (bonding curve, pools and similar) |
| Payout size | Everything in the vault not already promised, when the window closes |
| Not linked yet | Your share is kept for 30 days. Link in that time and it is added to your next payout. After that it goes back to the pool |
| Claiming | On Elysium, from the vault, with a proof the site gives you. Anyone can send a claim, the kHYPE always goes to the linked address |
| Waiting period | Each new payout waits 6h on chain before it can be claimed, so it can be checked first |
| Vault limits | It pays claims. A payout can never promise more than the vault has received, and totals only go up. If no payout is posted or opened for 24 hours, the owner can withdraw what is left |
| Who posts payouts | The Ferry treasury address. It proposes payouts, can cancel a pending one, and can wind the vault down only after 24 hours with no payouts |
| What you trust | That shares are worked out from Solana balances as described here. Every payout file is public at /api/epochs and can be rechecked |