The PerpetualArgonaut Machine

An automated protocol designed to get exposure to Argonauts by a.c.k., forever.

CAnot deployed yet
How it works

We called it, The Loop

A simple mechanism for buying and selling Argonauts while the treasury compounds, forever.

1st

3% of every $ARGSTR buy and sell is taken in ETH by a Uniswap v4 hook and sent straight to the treasury contract.

2nd

When there is enough ETH in the treasury, the machine buys the floor Argonaut on OpenSea.

3rd

The Argonaut automatically gets listed for 2x the price. The contract refuses to list any lower.

4th

When the Argonaut sells, all of the ETH flows back into the treasury and buys the next one.

The mission

Buy and Sell Argonauts

So far, the machine has bought and sold these Argonauts:

Protocol

Protocol Fees

Token pricemarket cap —
Treasury— ETH harvested
Argonauts acquired— held · — sold
Floornext buy loads at floor
Token fees — 3% of every swap, in ETH
Argonaut sales — 2x relists settling back to the treasury

Fees on trades power the accumulating machine. 100% of the tax goes to the treasury. All ETH from Argonaut sales is used to buy the next Argonaut. The LP is a burned Uniswap v4 position NFT owned by the dead address.