AETHER
The market token. It targets one SPY Stock Token through epoch-based expansion and contraction. It is not SPY and can trade away from target.
SPY only in V1
AETHER
Stake ASHARE. Earn AETHER. Grow the SPY reserve.
SPY
one active market
50k
USDG genesis cap
100k
ASHARE max supply
One Market First
Aether starts with SPY on Robinhood Chain. Later pools can exist as modules, but V1 must prove one clean market before it spreads liquidity across more assets.
ASHARE
The capped share token. Staked ASHARE earns variable AETHER emissions when the protocol trades above target and oracle data is valid.
ABOND
The contraction token. Users can burn AETHER below target for ABOND, then redeem later above target if the treasury has coverage.
The Epoch Loop
Every six hours the protocol reads SPY and AETHER market data. Bad or stale oracle data means no expansion.
1. Read
Read Chainlink SPY value and AETHER/SPY TWAP.
2. Decide
Expansion, idle, contraction, or invalid oracle.
3. Mint
Above 1.01 target, mint capped AETHER.
4. Route
Send rewards to stakers, treasury, DAO, and bond reserve.
5. Repair
During debt, route more value to ABOND coverage.
Public Launch Plan
Aether should launch with public limits, verified contracts, visible wallets, and a small first cap. Scarcity comes from real constraints, not from hidden supply.
Docs First
Publish formulas, risk, wallet labels, launch caps, and admin roles before token launch.
Capped Genesis
Open a 50,000 USDG equivalent genesis round with per-wallet caps.
Live Epochs
Publish the first 10 epoch reports with TWAP, reserve, debt, and liquidity.
Feature Flags
Show QQQ, NQ, DAO pools, and Cascade as disabled future modules.
High-Risk DeFi
AETHER can trade below target. ASHARE emissions can stop. ABOND redemption can be delayed. Stock Token access depends on issuer rules and local law.