The pass

How the money reaches you, in three steps.

One: stake your pass in the contract. A pass earns only while it is staked. An unstaked pass earns nothing.

Two: it starts earning from that moment. The pool is split among the passes staked at the time. A pass staked late never touches revenue from before it staked.

Three: claim what it earned yourself, as often as once every 6 hours. The first claim opens 6 hours after your first stake. Every claim restarts that clock. A settled balance never expires.

The contract does the paying. There is no team-run payout bot.

The arithmetic, on a slow month. Say traders pay 2,000 HYPE in total fees over a month. The platform half is 1,000 HYPE. After referral payouts, say all of it stays: 35% of that is 350 HYPE for the pass pool. Split across all 707 passes staked the whole month, each pass is owed about half a HYPE.

Fewer passes staked means more per staked pass. A busier month pays more. A dead month pays close to nothing. We print this arithmetic instead of a yield number, because a yield number would quietly assume the busy month never ends.

Selling a pass: unstake first. Everything it earned until the unstake settles to you. The settled balance stays claimable, under the same 6-hour clock. The buyer stakes it and earns from their own moment. Staking is also what switches on the 0.75% trade fee and the 20% referral rate.

There will never be more passes. The cap of 707 is written into the contract, with no second collection and no edition two.