The Furnace
Awaiting the next firing—
Settling a round charges 10% on what the losing cells staked. That fee is the only money the protocol keeps, and it does not sit still: anyone can fire the furnace, which sells it for ETH, pays the operator 30% in the same transaction, and spends the rest buying yMINE and burning it.
Fees converted—
yMINE burnt—
Share of supply burnt0.00%
Paid to the operator—
Where a fee goes
| Buys and burns yMINE | 70% |
| Operator, in ETH, at the source | 30% |
Both shares are compile-time constants. Nobody can raise the operator's cut, and the operator address was fixed when the furnace was deployed.
The contracts
| yMINE | 0x615a1AdF8723C2725461652af701E11E6B56D9fB |
| Grid | 0x9F61dde497A972520D52353F7D2A1542Eb0370a3 |
| Furnace | 0x9D5c321939366Da6f51d58f4334428C546256Fe5 |
| drand beacon | 0xA912fAc53e12214A0F3267408000EA599aAC79eA |
There is no liquidity pool yet, so yMINE cannot be bought or sold. The furnace can still be fired: until a pool exists it converts nothing and the fee simply waits.