Tokenomics: $DEPTH
A supply that only goes down.
Draft v0.2 · 5 October 2026 · Pre-launch. No token exists. Nothing here is an offer to sell or a solicitation to buy any asset.
These numbers are the single source of truth for
web/src/config.tsandcontracts/script/DeployGenesis.s.sol. If you change one, change all three.
1. Supply
| Ticker | $DEPTH |
| Total supply | 1,000,000,000, minted once in the token constructor |
| Minting | Impossible. The contract has no mint function and no owner |
| Upgradeability | None. No proxy |
| Direction | Supply can only decrease, through burns that lower totalSupply (not transfers to a dead address) |
| Chain | Base (Ethereum L2), as a transparent ERC-20 with EIP-2612 permit. Not a privacy coin |
2. Allocation
| Allocation | % | Tokens | Contract | Terms |
|---|---|---|---|---|
| Airdrop to real users | 25 | 250,000,000 | MerkleAirdrop |
Wallet-only claim with no email or KYC. Criteria weighted by real usage and sybil-filtered. The snapshot is not announced in advance. 180-day claim window, then anyone can burn what is unclaimed |
| Fixed rewards pool | 25 | 250,000,000 | RewardsPool |
Releases 125M, 62.5M, 31.25M and 15.625M over four 2-year epochs. Pays only for work. After 8 years anyone can burn the remainder |
| Public fair auction | 15 | 150,000,000 | Auction contract (to be built) | One clearing price for everyone, minimum raise or full refund, per-wallet cap. Excludes the US, Argentina, Ontario and sanctioned jurisdictions |
| Protocol-owned liquidity | 10 | 100,000,000 | LP | Paired with auction proceeds. The LP position is burned |
| Founder | 12 | 120,000,000 | DepthVesting |
Nothing for 12 months, then 36 months linear (4 years total). The position cannot be transferred or sold |
| Contributors | 3 | 30,000,000 | DepthVesting |
Same schedule as the founder |
| Foundation | 10 | 100,000,000 | DepthVesting |
Linear over 5 years, which caps on-chain spending at 2% of supply per year. Beneficiary is a multisig |
| Venture capital | 0 | 0 | — | None: no private round, no side letters, no refund rights |
| Total | 100 | 1,000,000,000 |
At launch, about 50% is in circulation or claimable (airdrop, auction and liquidity). The founder, contributors, foundation and rewards pool hold nothing liquid on day one.
3. The burn: fee jar and firepit
- Agent Safe charges 0.1% in USDC on every agent payment and burner top-up, paid on top of the amount.
- An immutable split set in
BudgetVaultFactorysends 50% of that fee to the FeeJar and 50% to operations. - Anyone can claim the whole jar by burning
threshold()$DEPTH in the Firepit. - The threshold doubles after every claim and halves every 3 days without one. It always stays between 10,000 and 10,000,000 $DEPTH. The
maxThresholdargument protects claimers against front-running.
Why this design
- No swap, so no sandwich or MEV.
- No oracle, so nothing to manipulate.
- No admin, so no discretion over when or how much is burned.
- Searchers compete, so the jar is claimed roughly when its USDC is worth the $DEPTH burned.
- It copies Uniswap's 2025 UNIfication mechanism.
Rules
- Allowed fee sources: only Agent Safe, the SDK and (later) private inference. Any future privacy pool has no fee path to the jar or the team (legal separation, ADR-004).
- Revenue only: the jar is never funded from treasury principal or borrowed money.
- Mechanism, not yield: the burn activates on a working network and is never described as a return.
- No extras: no transfer taxes, reflections or rebasing.
4. Unlocks against burns
- At TGE, team, contributors and foundation unlock nothing. The foundation releases about 0.17% of supply per month on-chain. The founder and contributors start after month 12.
- A monthly public report covers burned supply, vested supply, net change, and the balances of every privileged wallet.
5. Rewards
- Paid only from the fixed pool, only for work (keepers, integrations, security), and never more than has vested.
- No emissions and no staking yield.
6. What we will never do
- Mint a single new token. The contract makes this impossible.
- Give anyone better terms than the public.
- Sign a hidden market-maker loan. Any market-making agreement will be published.
- Launch the token before the protocol has real revenue.
- Describe the token as an investment, or promise returns or price.
- Make the token itself private. Privacy lives in the application.
7. Lineage
| Borrowed from | What we copy |
|---|---|
| Hyperliquid | No VC; large airdrop to real users; burn funded by real fees |
| Uniswap UNIfication | Burn-to-claim fee jar (Firepit) |
| Bitcoin | A supply nobody can change |
| Pepe | No owner; liquidity burned |
| Avoided | Failure mode |
|---|---|
| WLD, Aleo, STRK | Low float, high FDV, unlock cliffs |
| JUP | Unlocks outrunning buybacks |
| SafeMoon | "Deflationary" transfer taxes |
| OM | Silent minting, concentrated supply |
| Movement, Nillion | Hidden market-maker deals |
OZ VestingWallet as shipped |
Transferable vesting positions (sold over the counter). Ours are frozen |
Evidence: research/04-tokenomics-models.md and research/03-failures.md.