Collateral,
charter, and
buyback.
$LOXLEYis the protocol’s working capital, not a claim on it. Providers pledge it as collateral against their SLA and forfeit it when they breach. Holders govern the Charter parameters and the Rollover Reserve. Protocol fees and NFT royalties fund periodic buyback rounds whose proceeds are distributed to stakers. Every figure on this page is read from the chain.
This is the only page that treats $LOXLEY as an asset. It is not a promise of yield. Buybacks are discretionary and governed; slashing can burn the token; the supply is fixed at genesis with no mint function. Utility, collateral, and a vote — nothing more is claimed here.
§01One token, three roles
Stake backs the SLA
Providers post $LOXLEY at or above minimum stake per CUfor every unit they pledge. Break the SLA and the stake is slashed in the holder’s favour — 80% escrowed to affected deeds, 20% burned, capped per incident. Under-collateralized providers are jailed until they restore the bond.
Holders set the Charter
Votes govern the parameter set below — deed price, safety factor, slash rates, vesting — and authorise Rollover Reserve disbursement for hardware refresh. Proposals clear a delay, a voting window, a quorum, and a timelock before execution.
Fees fund buybacks
Protocol fees and 2.5% NFT royalties accrue to the FeeVault. Governed buyback rounds convert that USD into $LOXLEY and route it to the RewardsDistributor for stakers. Every round leaves an on-chain trail — recorded in §02.
§02Buyback ledger
| Executed | USD spent | $LOXLEY bought | Implied price | Tx |
|---|---|---|---|---|
| Reading the ledger… | ||||
§03Slash ledger
| Filed | Provider | Downtime | Slashed | To holders | Burned | Tx |
|---|---|---|---|---|---|---|
| Reading the ledger… | ||||||
§04Instrument of record
- Ticker
- LOXLEY
- Decimals
- 18
- Contract
- registry configuration loading…
Connect a wallet to add the token.
$LOXLEY is an ERC-20 with Permit and Votes (timestamp clock) on Robinhood Chain. It carries no dividend and confers no claim on protocol assets. Its worth is exactly three things, all verifiable above: the collateral it locks against live capacity, the vote it grants over the Charter, and whatever buyback demand governance chooses to direct at it from fees. Balances are read straight from the contracts — the backend indexes, it does not custody.
§05Governance & the Charter
OZ Governor · proposals, voting, execution
2-day delay · holds admin roles at maturity
| Parameter | Current value | Instrument |
|---|---|---|
| Deed price | — | PCRRegistry |
| Sellable share (safety factor) | — | PCRRegistry |
| Sale split → provider bond | — | PCRRegistry |
| Sale split → Rollover Reserve | — | PCRRegistry |
| Sale split → FeeVault (buyback) | — | PCRRegistry |
| Minimum stake / CU | — | ProviderRegistry |
| Slash / CU / downtime-hour | — | ProviderRegistry |
| Slash escrowed to holders | — | ProviderRegistry |
| Max slash / incident | — | ProviderRegistry |
| Unbonding period | — | ProviderRegistry |
| SLA grace (non-slashable) | — | ProviderRegistry |
| Bond vesting (online-time) | — | BondEscrow |
| Spot rental fee | — | SpotMarket |
- Proposal delay
- 1 day
- Voting period
- 5 days
- Quorum
- 4%
- Proposal threshold
- 1,000,000 LOXLEY
- Timelock
- 2 days