Every swap on the pool pays the stakers and feeds the reserve.
A fee hook on the HOOK/ETH pool takes the same fee on every swap, buy or sell, and splits it two ways at rates fixed at launch: a distribution leg that buys HOOK on the pool for stakers, and a reserve leg held as USDG by the treasury. Nothing here mints HOOK to pay anyone; a staked balance grows because the machine bought tokens on the open market with fee revenue and handed them over.
HookHook Capital Management runs $HOOK the way a fund runs a book: in public, by machinery. No committee sets the rate and no mint pays the stakers. The fee is taken inside the swap, and every figure on this terminal traces to a transaction.
The fee sits inside the swap, before settlement, so there is no venue that escapes it. A transfer tax cannot reach Uniswap v4 pools; a fee hook is collected by the pool itself.
Backing per token only rises. Every step is a fee the pool collected, and no step ever comes back down.
Bought on the open market with fee revenue, then handed over. Every distribution traces to a swap that happened. The full record is on reports.
| round | date | HOOK bought | ETH spent | index before | index after | transaction |
|---|---|---|---|---|---|---|
| 158 | 2026-10-16 | 0.00 | 0.0000 | 0.4949 | 0.4949 | 0x3e3f9f33...433900 |
| 157 | 2026-10-16 | 0.00 | 0.0000 | 0.4949 | 0.4949 | 0x97f0bb8d...559d71 |
| 156 | 2026-10-15 | 0.00 | 0.0000 | 0.4949 | 0.4949 | 0x2236243a...73d336 |