01 · GENESIS
Genesis Creates the Reserve
Users deposit ETH during a five-day public Genesis. Everyone receives BACKSTOP at the same final price.
A RESERVETHAT ONLYGOES UP.
Every trade strengthens the reserve behind $BACKSTOP.
HOW BACKSTOP WORKS
02 · TRADING
Every Trade Adds Reserve
Dynamic fees from every buy and sell are added to the Backstop Reserve.
03 · FLOOR
The Floor Only Goes Up
As the reserve grows, the protocol floor can only move upward.
PROTOCOL DATA