Demo build — mock protocol data. No chain, no ABIs yet.
Employer contribution
Three paydays a day, every 8 hours. Emission is pushed into staking, not sprayed at holders — your liquid balance is byte-identical before and after every rebase.
Next payday in
Anyone can close the epoch once 8 hours have passed. Whoever calls it keeps 0.5% of the epoch mint as a gas rebate. It is a bounty, not a privilege — the protocol does not depend on a keeper bot showing up.
If the market price sits at or below NAV the rate is zero and this call mints nothing — it just rolls the epoch. That is the design working, not a bug.
The one rule that cannot be broken: the liquid ERC20 balance never rebases. A global rebase would force NFT mint/burn sync across every wallet, invalidate every OpenSea listing and desync AMM reserves. So emission is a per-user index, and minting is lazy — you pay your own gas, when you want to.
Clocking in locks the Seat in staking — it is not burned, it keeps its tier and its token bound account, and it still renders on OpenSea as status: ON_THE_CLOCK. Transfer is blocked while locked. Clocking out starts a 24-hour cooldown before that Seat can punch back in.
Every Seat is already on the clock.
No Seats are clocked in. You are earning stock, not Seats.