lockflow
commit eth, receive lock.
irreversible · yield begins immediately
eth in max
lock out (preview)— lock / eth
eth becomes permanent backing for lock. only excess (orphan) eth is sweepable — never user deposits.
live apylive
—.——%
trailing 7-day · on-chain fees
total committed
0.00eth
backing the protocol
lock supply
0lock
$1 face · 1:1 at mint
eth / usd live
—usd
fetching…
yield-bearing
stablecoin.
autonomous by design.

every lock is backed by eth committed permanently to flow's liquidity pool. as flow is traded, 100% of pool fees stream back to lock holders in eth — pro-rata, claimable any time, with no positions to manage.

flow is fair-launched: 1,000,000 supply, no premine. lock mints 1:1 against eth at the live chainlink rate. no farming, no governance, no operator.

technical paper
on commitment as collateral
a two-token construction in
which one side surrenders exit
to fund the other's liquidity,
in exchange for permanent yield.

v0.3 · last revised may 2026
download pdf →

§ 01 issuance

flow's entire supply is minted at deploy. liquidity is seeded on a uniswap pool. no team holds any. supply is fixed at 1,000,000; the only way to acquire flow is to trade against the pool.

§ 02 commitment

lock is minted by sending eth to the lock contract. the contract reads the current eth/usd price from chainlink and mints lock so that one lock equals one dollar at the moment of commitment. eth remains in the contract.

mint formula:
  lockout = (ethin × px8) / 108

§ 03 yield

any eth pushed to the yield distributor is split pro-rata among lock holders via a synthetix-style accumulator, scaled to 18 decimals.

rpt   +=   (yield × 1018) / locksupply
earned = balance × (rpt − rptpaid) / 1018

settlement runs on every lock transfer (sender + receiver) so attribution stays correct under all transfer patterns.

§ 04 the peg, asymmetric

lock has no protocol-level burn. the upper peg is enforced mechanically; the lower peg is enforced by yield demand.

lock > $1.00 on secondary → mint at the contract for $1, sell on secondary for >$1. arbitrageurs profit until secondary returns to $1. supply expands. peg is hard from above.
lock < $1.00 on secondary → buy at discount, hold for eth yield. no protocol-level arb path. peg returns only if yield is attractive enough that demand recovers. soft from below.

§ 05 specifications

flow total supply1,000,000 · 18 decimals
lock decimals18
oraclechainlink eth/usd · 8 decimals
price staleness ceiling3,600 s (1 hour)
slippage tolerance (default)1 % (client-side minout)
protocol fee0 %
team allocation0 %
holder yield share100 %

§ 06 risk

if flow trading volume falls to zero, lock yield falls to zero and the lower peg loses its sole defense. the protocol does not death-spiral — eth backing is already in the contract — but lock may trade below par on secondary until demand returns.