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$LOOP

TL;DR

$LOOP is the reserve token. Every strategy token (aka RUN token) pairs with $LOOP. It's designed to capture and compound value from every RUN token.
$LOOP is also used in every strategy's Open Bid to acquire NFTs.

Purpose

  • Capture and share value across the ecosystem: Every RUN token pairs with $LOOP. Each collection's Afterburner accumulates $LOOP through leveraged borrows, driving BLV growth that lifts every RUN token's floor.
  • Create buy-side arbitrage surface: Fees from accumulated $LOOP positions fund the Open Bid, giving arbitrageurs a permanent incentive to acquire underpriced NFTs.

How It Works

$LOOP is paired with ETH on a Baseline AMM.
Every RUN token pairs with $LOOP for trading, making $LOOP the routing layer for all protocol activity and the currency for all NFT acquisitions through the Open Bid.

Spot Token Presale

$LOOP is the only token presale that distributes spot tokens to depositors.
The token is fair launched, with no VC or insider allocations.
15% of the supply is reserved for market making incentives, future team compensation and ecosystem growth.

BLV growth

The Split phase directs a default 70% of each auction's sale proceeds to the Afterburner's Buy + Bank mode, which executes a leveraged borrow of $LOOP and holds it permanently. The position earns fees in ETH, which are used to buy $LOOP for the Open Bid — creating recurring buy pressure. The leveraged borrow activity drives $LOOP's BLV (Baseline Value) growth — a floor price that can increase but never decrease.

Ecosystem value capture

Adding collections compounds the effect. More collections means more auctions, more $LOOP accumulated via Buy + Bank, and more trading volume at the $LOOP↔ETH layer.

Staking

$LOOP stakers earn 1% of all $LOOP↔ETH swap fees.

Dual-layer fees

Because every RUN token pairs with $LOOP, all collection-level trading activity cascades into $LOOP↔ETH volume. A trader entering or exiting any RUN token position converts through two pools, generating fees at both layers.

Example

A Pudgy Penguin sells at auction for 300,000 $PUDGYRUN. The Split directs 210,000 $PUDGYRUN (70%) to Buy + Bank: the Afterburner executes a leveraged borrow of $LOOP and holds it permanently. The leveraged borrow drives $LOOP BLV growth, and the accumulated position generates fees that flow to the Open Bid.

This happens for every sale across every collection. If $APERUN, $AZUKIRUN, and $PUDGYRUN each complete auctions in the same period, all three grow their $LOOP positions. BLV rises from the combined borrow activity and never decreases.