𝗧𝗵𝗲 𝗢𝗟𝗬 𝗠𝗶𝗻𝘁: 𝗛𝗼𝘄 𝗜𝘁 𝗪𝗼𝗿𝗸𝘀 Most tokens are built on nothing. No revenue, no reason to exist beyond the next buyer, and no answer for the day that sellers outnumber buyers. In a system without any structure to absorb sell pressure, the people with the greatest conviction lose the most. OLY is built the other way round. Sellers fund the protocol. That revenue buys staked ETH, provides liquidity in the deepest pools on Uniswap, pays stakers directly, burns supply, and stands protocol capital below the market where selling has to pass through it. The people who commit longest are priced best, paid most, and hold the only votes. The OLY mint goes live on 28 August and only runs for ~45 days, with an option to extend to 90. This is a guide to how it works and how to position before Day One. 𝗧𝗵𝗿𝗲𝗲 𝗠𝗶𝗻𝘁 𝗣𝗶𝗹𝗹𝗮𝗿𝘀 The OLY mint is distributed across three Pillars. Prices across all three rise 2% per day, compounded, for the entire mint phase. The compounding is uniform, so the gap between the tiers is set on launch day and never closes. Pillar I is the longest tier, up to 4.5 years, and it carries the lowest price. Pillar II sits in the middle, around one year. Pillar III is liquid and priced highest. Day One is the cheapest the mint will ever be. The longest commitment also receives the highest share weight, the largest payout share, and the governance power. Any tokens left unminted when the mint phase closes are burned. They do not roll over and they are not reallocated. A separate 1 billion OLY sits in the auction contract, which the DAO can vote every 369 days on whether to auction for ETH. 𝗘𝗮𝗿𝗻𝗶𝗻𝗴 𝗮𝗻𝗱 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗠𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺 Staked OLY earns from multiple streams of protocol revenue: Market sell fees, collected in ETH inside the transaction. Validator rewards from the staked ETH vault through Lido. Trading fees from the liquidity vault, which holds full-range positions in the deepest Uniswap pools. A capped loyalty emission that halves every 888 days. Collected ETH splits six ways: 34% to the staked ETH vault, 16% to the Liquidity Defense, 16% to the liquidity vault, 16% direct to stakers, 16% to buy and burn, 2% to Genesis. Because the liquidity vault earns fees in both sides of every pair, staking one token pays a portfolio. Stakers earn ETH, stETH, WBTC and stables, funded by trading activity across the whole market. Shares play two roles in the OLY ecosystem: They set your portion of payouts They set your voting weight. There is no separate governance token. Voting power comes only from staked, time-locked shares. Staking runs from 88 days to 1,776 days. Longer commitments earn up to 4x shares, with the maximum at 1,776 days. Payouts land on five cycles: 8, 28, 90, 369 and 888 days, approximating a full crypto cycle. Read the OLY whitepaper at Mint opens 28 August.