The bid under the price
Market cap says what a token is worth on paper. Pool depth says what can actually be taken out of it. TALUS converts fees into a permanent bid placed below spot, one that cannot be withdrawn and never steps down.
The problem
Only the quote side of a pool settles a sale. Half of the figure on the screen is the token you are trying to get out of.
Most tokens die the same way. Volume climbs, price climbs, and the pool stays exactly the size it was at launch. The first real exit makes the price give, and the rush finishes the job. Through all of it the creator fees exist, and they go to a wallet.
| Market cap | a multiplication |
| Quote-side depth | what settles a sale |
| Fees, elsewhere | a wallet |
| Fees, here | a bid under the price |
The split
Fees accumulate in WETH inside the contract. They leave in three directions, in fixed proportions, written as constants. No owner function anywhere can change them, because none exists.
The conversion
deepen() is permissionless. Anyone can call it, and whoever does takes 0.5% of what it converts.
There is no keeper to fund, no bot to trust and no schedule to keep. If the conditions hold and the balance is there, the call is profitable to make, and someone makes it. If they do not hold, it reverts. The contract has no mode in which it converts anyway.
The reference price is never spot. It is the pool’s own 30-minute time-weighted average, read from the oracle at the moment of the call, and spot has to be standing near it for the call to go through.
- 01balance ≥ 0.25 ETHBelow that the conversion is mostly gas, so it waits.
- 02reference = 30-minute TWAPNever the instantaneous price. A block cannot move it far.
- 03|spot − TWAP| < 5%If the two disagree, the call reverts and the fees stay put.
- 04the band cannot be lower than the lastThe ratchet. If the price has fallen, the contract waits.
The position
Every call mints a single-sided v3 position, 100% WETH, between 8% and 20% below the average. A literal bid, sitting there, waiting. Not a full-range pool spread thin across every price that will never print.
What happens when it is hit
The floor is not decoration. When the price comes into a band, the band buys.
A v3 position holding WETH below spot fills as the price falls into it. That is what the WETH is there for. The tokens it takes in become principal inside a position no address can reduce, which is where they stay.
Separately, the 10% burn slice is a market buy, and every token it acquires goes to 0x…dEaD. Supply falls, and with a smaller supply standing above the same WETH, the floor per token is higher than it was.
Fees the locked positions earn can be collected by anyone at any time. They do not come back to a treasury: the TALUS side is burned, the WETH side re-enters the same split.
Staking
A single-asset position: stake bare TALUS, receive 20% of protocol fees in WETH, streamed continuously.
No LP to build, no second leg to source, no impermanent loss, no lockup. Custody never leaves your wallet in the sense that matters: the stake can be withdrawn in any block, and the accrued WETH comes with it.
Each conversion’s slice is spread over the following seven days rather than dropped in a lump, so the balance moves every second instead of once a week. The yield is a share of real volume, not emissions. Nothing about it is guaranteed, and no APY is shown anywhere.
The token
The public numbers
One central counter: the WETH waiting under the price. One direction.
Next to it, the distance from the floor to spot as a percentage, the total burned, and and the list of positions with their ticks, each one checkable on chain against the pool itself.
No APY is displayed. Ever. A rate that comes from volume is not a rate that can be annualised honestly, and the moment it is printed on a page it starts being read as a promise.
What TALUS does not claim
The price can go below the floor. Depth is finite, and a large enough seller goes straight through it. The argument is not that the floor cannot be crossed.
It is that it is irrevocable and rising. The WETH under the price cannot be taken back by anyone, including the address that put it there, and the level it sits at only moves in one direction. What that is worth is a matter for the market. What it is, is checkable.
The contracts have not been audited by a third party. Nothing on this site is a promise of return.
What this replaces
The usual way to spend creator fees is to push them into full-range liquidity that stays withdrawable, under a split someone can change later.
Three decisions, and TALUS makes the opposite call on all three.
| The usual fee router | Talus |
|---|---|
| v2, full range | v3, single-sided, below spot |
| LP withdrawable | withdrawal destroyed at the mint |
| split configurable by owner | split written as constants |