$HALCY · launching on Ascend

Access and a say. Never a payout.

$HALCY does six things inside HALCYON, all of them use. None of them is income: no fee, reflection, reward or buyback ever reaches a holder, and the token's trading fees on Ascend belong to its creator.

Depth Pass

A larger deposit cap in the house pool while caps are on, rising with your tier.

First Light

Every new pool opens to stakers first, for a window set when it lists.

Spread rebate

Up to half of the protocol's share of each fill's spread comes back to you, inside the price.

Desk licence

Opening a desk burns a licence in $HALCY. A desk quotes HyperCore's price with your own spread.

Holder veto

Stake locked past a change's execution time can cancel it in the timelock, before it runs.

Seals

An unbroken stake's age is on chain. The app stamps it as a seal on everything you do.

Tiers

Stake counts after an hour, and a lock makes it count more.

Stake weight is your staked $HALCY times a lock boost: 1x unlocked, rising to 2x for a year's lock. The hour-long warm-up means a flash loan or a same-block buy can never borrow a tier. Starting tiers assume a 1B supply; the timelock resets them once $HALCY trades.

TierStake weightDeposit capSpread rebate

Shorenone$1,000none

Reed0.1M$5,00015% of the house share

Perch1M$25,00030% of the house share

Kawasemi5M$100,00050% of the house share

Seals you cannot buy

Status is time, and it is on chain.

An unbroken stake's start is recorded by the stake contract. Any withdrawal restarts the clock. Seals are drawn from that record.

暁DawnA day staked, unbroken.

葦ReedA week on the reed.

翡翠JadeA month. Kawasemi: the jade bird.

凪Halcyon daysStaked through the halcyon days, 14 to 28 December.

潜The diveStaked when HALCYON switched from PERCH to DIVE.

Stake

Staking opens the moment $HALCY exists: the timelock sets its address once, and the stake, pass, licence and veto contracts all read it from there.

Where the money goes

$HALCY trading fees on Ascend: its creator
20% of every fill's spread: the house that runs HALCYON
The other 80%: depositors (or a desk's owner)
Desk licences: burned
To holders: nothing, by design