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Emission

Earth issues 4 ERTH per second, forever. Not a halving schedule, not a governance parameter — a fixed rate.

Because the rate is constant while the supply it adds to keeps growing, the inflation rate falls on its own: roughly 5% in year one, under 2.5% by year twenty. There is no schedule to maintain and no halving to get wrong.

The four pillars​

That 4 ERTH/sec is split into four equal pillars of 1 ERTH/sec each. Two are weighted by personhood and two by capital; two pay individuals and two pay collectively-chosen destinations.

PillarWeighted byPaid to
Staking rewardscapitalindividuals, by stake
ANML buyback-and-burnpersonhoodeveryone, by burning ANML
Caretaker fundpersonhoodoptions chosen one-human-one-vote
Groundworks fundcapitaloptions chosen by stake

Staking rewards​

Standard proof-of-stake. Delegate ERTH to a validator, earn a share of 1 ERTH/sec proportional to your stake, minus that validator's commission.

Unbonding takes 21 days.

ANML buyback-and-burn​

Every second, the chain mints 1 ERTH, buys ANML with it on the built-in exchange, and destroys the ANML.

This is what gives ANML a floor. A registered human claims 1 ANML a day and can sell it; the chain is a standing buyer funded by a quarter of all issuance.

The two funds​

The Caretaker fund and the Groundworks fund each direct 1 ERTH/sec to options that holders choose.

The difference is who chooses. Caretaker is weighted one human, one vote — holdings do not matter. Groundworks is weighted by bonded stake.

Anyone can add an option to either fund for a small fee. You split your vote across options by percentage and change it whenever you like; rewards accrue continuously to whatever you are currently pointing at.

Groundworks ships with an emergency fund option that pays the chain's community pool. Stake pointed at it accrues ERTH into the pool every block, and governance decides what the pool is spent on — so stakers can build a reserve without knowing in advance what it will be needed for.

The pre-mine​

The chain started with 2,522,880,000 ERTH — exactly twenty years of the 4 ERTH/sec rate, minted at genesis.

It is additive, not a substitute: the chain keeps issuing on top of it. At year twenty the total is about 5.05 billion, not 2.52 billion.

It was split three ways, evenly:

  • One third seeded the ANML/ERTH pool on the exchange.
  • One third pays bidders in the liquidity auction.
  • One third is paired with what those bidders raise, to open a second pool.

All of it went to liquidity. Nobody received an allocation.

Protocol-owned liquidity is temporary​

The chain owns that liquidity at the start, and retires it to nothing over ten years.

Running a market is active management, and the incentives of a liquidity provider are not the incentives of an ERTH holder. So the protocol seeds the market and then gets out of the way, handing it to providers who will actually manage it — and every year it steps back, their share of the rewards grows.

The ANML/ERTH position burns both assets as it retires. The auction pool burns only its ERTH, leaving the other asset in the pool, which over time spends it buying ERTH back off the market.

Burning​

Two things destroy ERTH continuously:

  • Half of every swap fee. The fee is 0.3% per hop, charged in ERTH; half stays with the liquidity providers and half is destroyed.
  • Half of every transaction fee. Gas is split the same way: half is destroyed, half is paid to validators and their delegators through the normal staking payout. Where the split cannot be even, the extra unit is burned.

So activity shrinks supply while issuance grows it, at a rate that does not change.

The half that is paid out is the only part of a validator's revenue that responds to how much the chain is used — the staking pillar is a fixed 1 ERTH/sec however busy the network is. That matters most for registration: verifying a passport proof costs real CPU, and validators bear it on every registration.