pier2pier docs · plain-language explainer of the protocol mechanics. Learn more
OVERVIEW · v0.2

pier2pier, in plain language.

pier2pier is a token on Base that pays you in $gitlawb when you stake it. The source of that yield isn't a treasury wallet writing checks — it's the 2% trade tax on the $PIER token itself, harvested and routed by an open-source contract every time the keeper runs.

Three things to know before you do anything else:

  • Two yield engines. Today, 2% trade tax → $gitlawb → stakers. Tomorrow, gitlawb mainnet PoS launches and we add node-operator rewards on top of that. The same staking position captures both — no migration required.
  • Principal-safe. gitlawb has no slashing. Your stake cannot be burned. The treasury's admin path provably cannot touch user funds or undistributed yield (how we proved it).
  • Every number is verifiable. We never render a figure we can't link straight back to Basescan, a /health endpoint, or a signed entry in our public gitlawb log.

What you're actually buying

$PIER is a Clanker v4 token. When you buy it on the open market, the LP charges a swap fee on the trade (the same way Uniswap pools charge a fee). That fee — paid in WETH — is locked in Clanker's on-chain FeeLocker contract, earmarked for our treasury.

Our keeper (a hot, gas-only wallet that cannot move stake) periodically harvests that WETH, swaps it for $gitlawb on the live Uniswap V3 1% pool, and forwards 90% of the proceeds into PierStaking. The remaining 10% is the protocol fee. As long as someone is trading $PIER, the $gitlawb war-chest grows, and every staker's share with it.

How to participate

  • Buy $PIER on Clanker / a Base DEX of your choice. The pool address is on the staking page.
  • Connect your wallet, approve $PIER for the staking contract, and stake any amount.
  • Watch your pendingRewards tick up. Claim whenever — no lockups, no cooldowns on the pier2pier side.

Where to read more

  • Staking guide — the math, the lifecycle, how rewards compound.
  • Treasury — what the contract actually holds, and what it can't.
  • Risks & honesty — every risk we know of, named honestly.