Half stays in the vault
It backs every IMD404 in equal shares. Anyone can hand back their tokens and leave with their share.
IMD404 is a token on Uniswap v4. On every swap, 1% goes to buy IMD, the Identity.md token. What is bought is cut in two, and the vault keeps its half.
Half stays in the vault
It backs every IMD404 in equal shares. Anyone can hand back their tokens and leave with their share.
Half goes to depositors
Paid in IMD to those who deposited their IMD404. Claimed whenever they want.
The wall does the buying
The ETH is placed as buy orders just under the price of IMD. When IMD dips, the wall fills.
Said plainly.
Independent.
IMD404 is an independent project. It is not created, endorsed or supported by Identity.md.
Counted in IMD.
The vault holds IMD and nothing else. What stands behind each IMD404 is counted in IMD, not in dollars.
It stacks.
This does not move the price of IMD. It stacks it.
1.30% a swap.
Every swap costs 1.30%: 1.00% buys IMD, 0.30% goes to liquidity providers.
Every swap buys IMD.The vault never sells.
You can leave at any time with your share of the vault, minus 10%. Nobody can change the rules.