Deep dive

The vault: a flat-price, closed-loop machine

The vault is a Uniswap-style automated market maker for the NFTs, but with one deliberate simplification: the coin price is flat, not a bonding curve. Every broker buys and sells for exactly 666,666 $STONKBROKER, no matter how many are in stock. The only floating part is a separate ETH fee on each trade (a percentage of the broker's ETH notional), which is where the market-rate component lives. The coin leg is a hard 666,666 in both directions.

Here is the flow that matters, because it is the thing people most often get wrong.

• You buy a broker out of the vault. Your 666,666 $STONKBROKER moves from your wallet into an escrow reserve (a holding contract that backs the vault's sell side). The vault itself never keeps the coin; it passes straight through into escrow.
• You sell a broker into the vault. The escrow reserve releases 666,666 $STONKBROKER back out and pays it to you.

So the coin you spend to redeem a broker is not burned and not sent to a treasury. It sits in escrow and gets recycled to the very next seller. It is a closed loop: every buy pushes 666,666 coin into escrow, every sell pulls 666,666 back out. The only value that ever permanently leaves this loop is the ETH fee. This is verified from the contract source and confirmed by live balances (the vault holds zero coin between transactions; escrow holds the reserve).

The practical upshot: redemption does not shrink the coin supply. The intuition that "buying NFTs burns tokens" is simply false for this design. Only one thing burns coin, and it is not the vault.

One caveat that matters later: the loop is closed, but it runs on a coin supply that only ever shrinks. That puts a hard ceiling on how many brokers can be outside the vault at once, which is the effective-supply story below.

The tokenomics: fixed at genesis, deflationary by activation

The $STONKBROKER token is a fixed-supply ERC-20. There is no owner, no admin, no mint function reachable after deployment, no fees on transfer, no pause. It was minted exactly once, in a single transaction at launch, and the amount was:

4,444 × 666,666 = 2,962,663,704 $STONKBROKER, to the wei. Verified as one mint event, exact match, zero difference.

That is a clean design statement: at launch, there was exactly one full vault-redemption's worth of coin for every broker. One broker, one 666,666.

From there, supply only goes down. The single mechanism that shrinks it is the activation fee burn: when you activate a broker, the fee is split 50% burned, 50% to the protocol treasury. The burned half is sent to the zero address and permanently removed. Summed over all activations to date, roughly 433 million coins have been burned, which is about 14.6% of the original supply. Current total supply sits near 2.53 billion and falls with each activation.

The five activation tiers (fee in coin, and the reward weight each carries):

How reward rounds pay. Activated brokers share periodic reward-round payouts. Your share is proportional to your tier weight: a Partner (3.33×) pulls 3.33 times what a Floor Trader (1×) pulls from the same round, per broker. An unactivated broker earns nothing (it holds no license). The tiers are the only thing that determines reward weight; rarity does not affect earnings.

Effective supply: backing burned, and brokers stranded in the vault

StonkScope publishes a metric it calls effective supply, and it is worth being precise about what it does and does not mean, because there is a tempting wrong reading right next to it.

The math is simple:

effective supply    = totalSupply / 666,666   ≈ 3,795  (whole brokers' worth of coin still in circulation)
backing burned      = 4,444 − effective supply ≈ 649   (whole brokers' worth of coin burned away)
share burned        = 649 / 4,444              ≈ 14.6%

Read it as: of the 4,444 brokers' worth of vault backing that existed at genesis, about 649 brokers' worth has been permanently burned, and about 3,795 brokers' worth remains. That is an honest, aggregate way to size the deflation. It lines up exactly with the 14.6% coin burn, because it is the same burn expressed in broker-units instead of raw coin.

What it is NOT: it is not a count of brokers that were burned or destroyed. All 4,444 brokers still exist. "Effective supply 3,795" does not mean 649 brokers vanished. It means 649 brokers' worth of redemption backing (coin) is gone.

But that number has teeth. Pulling a broker out of the vault costs a fixed 666,666 coin, and that coin must sit locked in escrow for as long as the broker is held out. So the most brokers that can be outside the vault at once is total coin / 666,666, which is exactly effective supply, about 3,795. With 4,444 brokers in existence, at least 4,444 - 3,795 = 649 must remain in the vault permanently: there is no longer enough coin in the world to redeem them. So the 649 "backing burned" is not an abstraction. It is the number of brokers now stranded in the vault, un-redeemable, and because every activation burns more coin, effective supply keeps falling and that stranded count keeps rising. (It is a conservative floor. Coin tied up in the LP and other sinks cannot all move to escrow, so the number of brokers that can actually circulate is lower still.)

Rarity and the integrity guard

Broker rarity is computed with OpenRarity, an open, published methodology that scores each token by how statistically unusual its trait set is and ranks all 4,444 from rarest to most common. StonkScope bakes these ranks and serves them in the Grail Scanner.

There is a subtlety that the dashboard handles carefully. This collection uses a startingIndex reveal mechanism: a single random offset, locked in once at reveal, that maps token IDs to their art so nobody could game which token got which traits. That offset is 4097, set once and immutable. StonkScope carries a guard that re-reads the on-chain startingIndex and compares it to the value its rarity data was built against. If the two ever disagree, the scanner fails closed and hides ranks rather than show wrong ones. Today they match exactly (4097 = 4097, zero delta), so rarity is live. If you ever see rarity "offline," it means that guard could not confirm the on-chain value on a cold read, not that anything about the collection changed.

Rarity affects collector desirability and secondary price. It does not affect reward-round earnings; only activation tier does.

The liquidity pool, and the ETH question

The coin trades against ETH in a Uniswap-v4 concentrated-liquidity pool. A couple of facts that are worth stating plainly, because the pool's display can mislead:

• The pool is concentrated liquidity, meaning the market-maker keeps its funds in tight price ranges and shifts them as price moves, rather than spreading them evenly across all prices. This is normal, efficient, and actively managed.
• There is no hook (no custom code injected into the swap path) and no protocol fee on the pool. The full 1% swap fee accrues to the liquidity position. There is no mechanism to siphon ETH out.
• The pool's absolute ETH has grown since launch, from roughly zero to around 405 ETH, near its all-time high. ETH is not leaking out.

So why does ETH sometimes look like a shrinking slice of the pool? Because as the coin's price rises, a concentrated position mechanically converts some of its coin into ETH and the raw count of coins in the pool falls (it has dropped from over a billion to a couple hundred million), while the ETH count holds or rises. If you eyeball "few coins next to lots of ETH," or read a USD-liquidity headline that scales with the coin's price, ETH can appear to be a smaller share. In value terms it is stable at roughly 47% of the pool, and in absolute terms it is near its peak. Nothing is draining.

The honest bottom line

• Fixed supply, minted once, exactly 2,962,663,704 coin. No way to make more. Verified.
• Deflationary through one mechanism only: the 50%-burn on activation fees. ~14.6% burned so far, and rising.
• The vault is flat-priced (666,666 coin per broker) and the coin you spend redeeming recycles through escrow. Redemption never burns.
• "Effective supply ~3,795 / 649 brokers' worth of backing burned" is the deflation, sized in broker units. Its flip side is brokers stranded: at least 649 can no longer be redeemed out of the vault, a floor that rises as more coin burns. All 4,444 brokers still exist; fewer and fewer can ever leave the vault.
• The escrow that holds the vault's reserve is immutable and has no admin drain path. The pool is healthy, unhooked, and not leaking ETH.

That is the mechanism, with nothing rounded up in its favor.