Backstop · created by 0x0000…cafe
BACK0x0000…00f6
Coverage6.4%
Floor
0.0000003158
WETH per token, redeemable now
Vault reserves
0.1579 WETH
Vault internal accounting, not a token balance
Supply
500,000 BACK
No mint path exists after initialize
Tax now
4.5% / 17.7%
buy / sell, decaying toward the schedule floor
Floor history
Each riser is a tick-up: a fee capture, a burn, a redemption, or a defence. The series has no downward segment because no code path produces one. The dashed line is the pool price; the gap between them is the uncovered part.
Tax schedule
Recent tick-ups
| Source | Resulting floor | Age |
|---|---|---|
| Floor defence | 0.00000031581 | 0h |
| Redemption | 0.000000314991 | 1h |
| Tax burn | 0.000000313799 | 2h |
| Fee capture | 0.000000312704 | 3h |
| Fee capture | 0.000000311707 | 4h |
| Fee capture | 0.000000310806 | 5h |
Reconstructed from events alone — every event that can move the floor carries the resulting floor, so no archive node is needed.
Redeem
burn BACK → WETH- Floor
- 0.0000003158 WETH / BACK
- You receive
- —
- Retained by the vault (5%)
- —
- Floor after this redemption
- 0.0000003158 WETH
- Gas at 12.4 gwei
- ≈ 0.001116 WETH
- Break-even size
- 3,719.7501 BACK
The retained share stays in the vault and accrues to everyone who did not exit. This quote is the worst case: it is what you receive if you redeem right now, with no assumption about anything happening afterwards.