ATLAS
I · Weight
The weight of Elysium.
Atlas stands under the market. You put HYPE below the price, and if the market comes down, you are the bid that catches it. You collect the fees on the way — and you can still walk out with the HYPE you came in with.
- In Aegis
- —HYPE
- Lots standing
- —
- ATLAS burned
- —
- Supply left
- —
The market against the band
While the market stands above the band, nothing has been spent: every lot is still the HYPE it came in as. Once it comes down into it, the courses start filling.
Why it is built this way
A liquidity provider's loss has one cause. The market takes the side of your position that was worth more and leaves you the other one. Nothing avoids that — so Atlas does not pretend to. It pays for it, out of the fees the same position earned.
II · The bid
Put HYPE under the market.
Your HYPE becomes one standing order below the price. Nobody can take it while the market stays above; the moment it comes down, your order is what fills.
A deposit is refused while the market is already inside the band. An order posted at the market is not an order, it is a trade.
What you are agreeing to
- It only ever buys. The order sits below the price, so it is HYPE until the market reaches it.
- It earns while it is being hit. Every trade through your order pays you a fee.
- It waits before it is covered. Cover is worth nothing the second you arrive and full value after —. A deposit that comes and goes in one block gets nothing, which is the point.
- You choose on the way out. Keep what the order bought, or hand it back and take your HYPE.
III · Your lots
What you are holding.
Each deposit stands on its own. Nothing is pooled, nothing is averaged, and nobody else's timing changes yours.
Connect a wallet to see your lots.
Two ways out
Take it. You get the order exactly as it stands — whatever HYPE is left, whatever ATLAS it bought, and the fees it earned. Aegis is untouched and your share of it stays for the lots still standing.
Hand it back. You give up the ATLAS and are paid in HYPE instead, up to what you put in. You surrender exactly as much of the bag as the HYPE you are paid: half the cover, half the bag. What goes back is burned.
IV · Aegis
The reserve that lifts you back out.
Aegis is HYPE, pooled under everything, and it is the only thing a redemption is ever paid from. It cannot print, it cannot borrow, and it cannot pay what it does not hold.
- Held
- —HYPE
- From fees
- —HYPE
What fills it
A standing order is paid its fee in whatever the other side handed over: ATLAS while it is being filled on the way down, HYPE when the market buys back up through it. Aegis keeps — of the HYPE and destroys the same share of the ATLAS. Anyone can also add to it outright, and nothing ever takes it back out except a redemption.
Add to the reserve
This is one way, for everybody including whoever launched this. It buys no share and no claim.
The three caps
- Never more than you lost. Cover stops at the gap between what you put in and what came back.
- Never more than you stood for. It is worth nothing on arrival and face value after —.
- Never more than your own share. Measured against every lot standing beside you, so no one can reach the cover that belongs to somebody else.
V · Mechanics
Four moves, and that is all of it.
- You stand under the market. Send HYPE. It becomes one order below the price, in a band that is the same for everyone. It is refused while the price is already inside that band.
- The market comes down. Your order fills. The HYPE you sent becomes ATLAS bought at the prices it passed through, and every trade that crosses you pays you a fee. This is the loss everybody else eats in silence.
- The fees go two ways. Part is yours. Part is kept in HYPE as cover, and the ATLAS half of it is destroyed instead of kept.
- You leave on your terms. Take the order as it stands, or hand the ATLAS back and be paid in HYPE up to what you put in. What is handed back is burned.
What it does not do
There is no price feed, no perpetual, no counterparty and no party on the other side of your cover. The whole mechanism compares two numbers in the same currency: the HYPE you put in, and the HYPE that came back. Nothing can be manipulated into existence between them.
What cannot happen
Taking the order as it stands is always open, including with an empty reserve. Nothing can hold your position, and nothing can hold your HYPE. There is no owner, no role, no pause and no upgrade path.
The shape of it
VI · ATLAS
One token, and it only shrinks.
ATLAS is about sixty lines. The whole supply exists from the first block. There is no owner, no role, no pause, no fee on transfer and no way to create another unit.
- Supply
- —
- Burned
- —
Addresses
Where it trades
One pool: native HYPE against ATLAS, on Uniswap v4, with no hook and a 1 % fee. Any router on Elysium reaches it, and so does any aggregator that reads the pool manager.