How it works
Rebate emissions
Rebate tokens are minted only when a trader's loss grows the pool: 100 tokens per $1 while the pool is below $2M, fewer after that.
Supply
Supply starts at zero. There is no pre-mint and no team, investor or airdrop allocation. Tokens cannot be transferred at launch; they can be staked and unstaked.
How you earn them
Close at a loss or get liquidated. The mint is sized on the part of your loss that actually reached the pool, at the rate the curve gives at that moment.
When the rate is highest
While the pool is below $2M, including when it is underwater, the rate is a flat 100 per $1. Above that it falls smoothly as cumulative gain grows. See Mint curve for the formula and chart.
Values on this page are read from the HyperEVM mainnet deployment (chain 999, block 48891965) at build time.
Last updated 2026-10-18