ABOUT
What Is $DONUT
- $DONUT is a store-of-value token on Base
- Mined through a continuous Dutch auction instead of proof-of-work or staking
- Auction revenue increases $DONUT's liquidity and scarcity
How Mining Works
Only one miner can be active at a time — the King Glazer. Control is bought with ETH through a continuous Dutch auction.
- Price doubles after each purchase
- Then decays to 0 over one hour
- Anyone can claim the throne at the current price
Revenue Split
- 80% → previous King Glazer
- 15% → treasury (Blazery)
- 5% → provider (frontend host)
Emission Schedule
- Starts at 4 DONUT / sec
- Halving every 30 days
- Tail emission: 0.01 DONUT / sec (forever)
Proof of Just-In-Time Stake
- ETH is "staked" only while controlling emissions
- Profit if the next purchase pays more
- Lose if it pays less
- Earn $DONUT the entire time you hold control
Treasury
- Treasury ETH is used to buy and burn DONUT-WETH LP in the Blazery
- Once sufficient liquidity is established, the Blazery can be upgraded to buy and burn DONUT directly, or governance can decide to acquire other assets or reinvest the treasury
Builder Codes
Anyone can host their own Donut Shop by deploying a frontend. Add your builder code to earn 5% of all purchases made through your shop.
Official Donut Shops:
🍩 GlazeCorp @heesh🍩 Pinky Glazer @bigbroc