Nothing begins
as bedrock.
Sazare takes its name from sazare-ishi: small stones that gather over time until they become something larger and stronger.
Most markets forget. Liquidity arrives and leaves. Price rises and falls. The energy that built the market survives only as a chart of what once happened.
Sazare begins with a different rule. Every successful trade must leave the redemption floor higher than it found it. Activity becomes structure. The past remains inside the machine.
This does not mean market price rises forever. It means the minimum WETH backing beneath every redeemable SZR rises after every buy and every sell.
“Every exchange leaves
the ground higher.”
A claim backed
by arithmetic.
The floor is not a target, an oracle price, or a promise from a person. It is a redemption ratio enforced by the hook.
The hook records two WETH reserves. The floor reserve backs redemption. The band reserve pays sellers while the market trades above the floor.
Every buy first pays the fixed one percent swap fee. Of the remaining WETH, at least half becomes permanent floor reserve. At most half advances the executable band. When the live floor is close to spot, the hook assigns more than half to the floor so every delivered SZR remains backed.
The hook may also hold SZR inventory purchased from sellers or contributed permanently. Inventory belongs to the market itself, so it is excluded from redeemable supply. The hook does not reserve WETH to redeem tokens it already holds.
THE BUY RATCETEvery net buy compounds at least fifty percent into Rf. Seventy percent of the one percent swap fee compounds there too. The live floor is therefore the onchain ratio, not a chart target: Rf / sr.
At the frozen reference calibration, roughly $154.6 million of net buy pressure reaches the approximately $1 endpoint. The minimum half allocated to the floor is about $77.3 million before its fee share. Across roughly 890.06 million redeemable SZR, that is about $0.087 of WETH backing per SZR. It is not $0.50 because the floor is the average backing across the whole exponential issuance path, whose early tokens cost far less than the final marginal token.
A floor redemption pays the holder from the floor reserve, less the fixed sell fee. The redeemed SZR is burned. The reserve shrinks, but the number of claims shrinks by more, while the floor retains its fee share, so the ratio rises.
Every redeemable SZR is covered by the floor reserve at the exact live ratio. Tests compare that ratio without relying on the rounded display value.
Raw token balances do not set the floor. Only recorded reserves and recorded inventory count. Accidental transfers cannot manipulate quotes, backing, or depth.
THE PERMANENT ANCHOROne SZR is locked at the dead address against one wei of WETH. This keeps the ratio defined forever. It is accounting dust, not usable supply or trading liquidity.
Deep enough
to become real.
A floor alone is a vault. Sazare is a market with two deliberate regimes and real two-sided trading above that vault.
Before the cap, newly issued SZR follows one immutable exponential curve. Its scale is fixed forever. Adding WETH can strengthen secondary trading, but it cannot cheapen unissued supply or lower the issuance curve’s cap endpoint.
A buy takes existing hook inventory first. If inventory runs out and mint room remains, it continues into new issuance on the immutable curve. At least half of net WETH compounds the floor; every delivered token also receives the backing required to preserve the prior ratio, while the floor’s fee share pushes it higher.
A sell moves downward through the premium band. SZR absorbed by the band becomes inventory for later buyers. If the band reaches the floor, the rest of that same sell crosses atomically into redemption and burn.
One floor.
Two exact regimes.
Before cap, new issuance follows one immutable exponential while at least half of every net buy compounds the floor. After cap, one virtual full-range position is derived from the assets the hook actually holds. The floor remains the lower boundary through both.
At the floor, a new buy does not need WETH already sitting in the band. The buyer brings WETH in, the hook supplies inventory or remaining issuance, and depth begins rebuilding from the lowest valid price.
Trades are exact input. The router accepts WETH or native ETH and enforces a deadline and minimum output. Exact output swaps are rejected.
A market can be
more than a pool.
Uniswap v4 makes settlement programmable. Sazare uses a hook to turn pricing, reserves, issuance, fees, inventory, redemption, burns, and permanent depth into one atomic market.
The PoolManager provides shared settlement infrastructure. The Sazare hook defines the market: one canonical WETH pair, exact-input trading, zero conventional pool liquidity, and complete reserve accounting.
Before initialization, the hook rejects every pool configuration except its canonical pair. It rejects outside liquidity positions. Before each swap, it calculates and settles the entire trade itself.
The curve mathematics lives in a separate stateless module. The hook and factory both pin its exact runtime code hash, so a market cannot quietly substitute different arithmetic behind the same interface.
Most markets forget a trade once it clears. A hook can decide what the trade leaves behind. Here, fee backing remains, sold tokens become reusable inventory, and floor redemptions end in permanent burns.
THE DIVISION OF LABORUniswap v4 is the settlement substrate. Sazare is the market design. The hook is where general infrastructure becomes a specific economic system.
One billion.
Not one more.
One billion SZR is the most that can ever be minted across the entire life of the flagship market.
The cap measures cumulative issuance, not current supply. Minting consumes room beneath the cap. Burning supply never restores that room.
Public issuance ends at about 890.06 million SZR. At that exact boundary, the remaining 109.94 million inside the cap is minted directly to the hook as post-cap inventory. It is market infrastructure, not a human allocation.
After the transition, buys use hook inventory only. They can take the built-in tail and tokens later returned by sellers. Minting is impossible.
The post-cap market becomes one virtual full-range position derived from actual accounted WETH, actual SZR inventory, and the live floor. It spans from that floor to Uniswap’s finite maximum square-root price.
As buys remove inventory, price rises and each remaining unit becomes harder to acquire. The final inventory wei is deliberately unbuyable, preserving the full-range endpoint in finite integer arithmetic.
Band sales do not burn. They turn seller-held SZR into market inventory. Only floor redemptions, voluntary holder burns, and treasury buybacks destroy SZR permanently.
Follow every
share of value.
Every buy and sell pays a fixed one percent fee. The contract cannot raise it, lower it, or switch it off.
Seventy percent of each swap fee stays in floor economics. Thirty percent is paid to the fee recipient fixed when the market is deployed. Both shares are accounted in WETH. The creator never needs to sell the market token to receive fees.
On a buy, at least half of net WETH compounds the floor before any band execution. The rest funds the executable band. The hook may assign more to the floor when needed to preserve backing, and the floor’s fee share adds further backing.
On a band sell, the fee is taken from WETH output. The sold SZR becomes inventory and stops counting as a redeemable claim. Exact accounting ensures the floor ratio still rises.
On a floor redemption, the seller receives floor value less the fee. The external recipient receives its share in WETH, the floor keeps its share, and the redeemed SZR burns.
NO HIDDEN POOL FEEThe canonical Uniswap v4 pool fee is zero. Sazare applies its fixed fee inside the hook so its destination and floor accounting remain explicit.
Many markets.
One stronger root.
The factory is not a feed of disposable tokens. It instantiates the same immutable market architecture for new assets.
A creator supplies a name and symbol. The factory creates the token, fee splitter, hook, and canonical pool. Every launch fixes the WETH pair, lifetime cap, fees, curve parameters, pinned math, bytecode, and market rules.
A launch may include permanent initial WETH depth in the same atomic transaction. That depth creates no LP shares and cannot be withdrawn later.
Each market has separate reserves, separate supply, and a separate floor. A factory market cannot spend flagship reserves or dilute SZR.
The new market’s external WETH fee share enters an immutable splitter. Half goes to its creator. Half goes to the factory treasury.
The treasury divides processed WETH equally. One half goes to the founder address. The other half buys SZR through the flagship market and burns every token received.
Anyone may trigger the split or burn cycle. No operator controls access. Burn purchases use a deadline and minimum output, respect live depth, and are limited to one successful cycle per block.
A treasury buy is a normal flagship trade. It pays the normal fee and raises the floor. The purchased SZR is then burned, leaving both stronger backing and permanent scarcity.
Revenue without
control.
Sazare separates the right to receive revenue from the power to change a market. Creators can earn in WETH. They cannot alter the rules holders trade under.
A factory creator chooses a public name, symbol, and launch transaction. Deployment then fixes the WETH pair, one percent swap fee, seventy-thirty fee allocation, lifetime cap, curve calibration, pinned math, hook bytecode, creator address, and treasury address. None can be edited later.
The hook pays each factory market’s external fee share in WETH to its own immutable splitter. The splitter sends half to the creator and half to the factory treasury. Creator revenue therefore arrives in the quote asset; realizing it does not require minting, receiving, or selling the launched token into its holders.
Sazare has no admin key, governance system, upgrade proxy, pause switch, rescue function, discretionary treasury, or human token allocation.
The token has one minter: its hook. The hook accepts one canonical pool. The routers accept exact-input trades. Their addresses and parameters cannot be changed after deployment.
The post-cap tail belongs to the hook and can leave only through buys. No founder, creator, treasury, or deployer receives it.
The factory verifies the exact hook creation code and pinned math used by every market it launches. Code that does not match is rejected.
Revenue recipients exist and are public. Their addresses and percentages are construction-time facts, not settings. They receive no authority over contracts, balances, reserves, or market rules.
The frontend is an interface, not a controller. Anyone may read the contracts, trade through another interface, or build a new one. The onchain manifest records the canonical contract graph and launch frontend.
Permanent means
knowing the limits.
The floor is a narrow and powerful guarantee. It is not a promise of profit, price stability, or freedom from risk.
The floor is denominated in WETH per redeemable SZR. It is not a dollar guarantee. The dollar value of WETH can move, and WETH, Robinhood Chain, Uniswap v4, and the contracts each carry their own risks.
The reference launch value and the approximately $154.6 million net-buy path toward roughly $1 billion FDV are calibration examples at $1,650 per ETH. The contracts contain no price oracle and make no USD promise.
Market price may fall sharply until it reaches the floor. Thin live depth can create severe slippage. Public transactions can be reordered. Every trade should use a current quote, meaningful minimum output, and short deadline.
At the public issuance boundary, a material exact-input excess reverts instead of silently donating the overage. Near the post-cap upper edge, the full exact input is accounted and excess can become permanent band depth. Fresh quotes remain essential.
WETH and post-cap SZR contributions are permanent. They create no ownership share and no withdrawal right. They change the holdings from which the market is derived, so they can reprice the post-cap book.
Only the explicit contribution functions deepen accounted liquidity. Tokens, WETH, or ETH sent directly to contracts are not credited, do not deepen the market, and cannot be recovered through a rescue function.
Only the canonical hooked WETH and SZR market carries the mechanics described here. Secondary pools may quote another price and do not inherit the floor reserve or redemption path.
Immutability removes trusted control, but it also removes repair. If code, parameters, dependencies, or deployment addresses are wrong, no administrator can patch them.
No trust required.
No memory lost.
Sazare does not promise that market price only rises. It promises that every successful canonical trade leaves more WETH backing beneath each redeemable SZR.
New issuance follows a known immutable path. Before cap, at least half of every net buy permanently compounds the floor. Permanent WETH can deepen secondary trading without cheapening what remains unissued. After cap, actual WETH and SZR holdings define one continuous market from the live floor toward maximum square-root price.
Buys preserve the old floor before adding to it. Band sells add fee backing while turning claims into inventory. Floor sells pay holders, burn claims, and leave the ratio higher.
Burns never reopen issuance. The cap never expands. Inventory can return to market, but destroyed supply cannot. The rules do not bend for a founder, creator, whale, or majority vote.
Each trade is a small stone. Each burn removes what cannot return. Each new market can send WETH demand back toward the root.
Nothing here depends on belief in a team. It depends on arithmetic, custody, and code that cannot be rewritten.
That is the design: activity becoming backing, backing becoming bedrock, and the market remembering everyone who passed through it.
ENTER THE MARKET ↗