How it works · SpaceEggs

How it worksWrapMy SpaceEggsClaimDocs Risks

Epoch: in progress · Closes: 00:00 UTC · EXAMPLE

T−05:27:45

How it works

Four moves

Wrap. Stay wrapped one full epoch. Claim SPCX.

Trading fees buy SPCX. A SpaceEgg earns an epoch only if it is wrapped for the whole of it. Holding SEGGS alone does not earn.

Wrap size100,000 SEGGS

Trading fee6.9%

Minimum hold1 full epoch

Epoch pots40 / 30 / 20 / 10

Unwrap returns90,000 SEGGS

Epoch24h · 00:00 to 00:00 UTC

Epoch 0Starts when trading opens

Epoch: in progressEXAMPLE clockCloses 00:00 UTC

T−05:27:45

00:00 UTCEXAMPLE00:00 UTC

Wrap

100,000SEGGS = 1 SpaceEgg

Step 1

Wrap 100,000 SEGGS into one SpaceEgg. There is no separate step. Hard cap 10,000 SpaceEggs.

Fees

Every SEGGS trade pays a 6.9% fee. All of it buys SPCX. Unwrap fees buy SPCX the same way.The rate can be changed later. Any change goes through a 12-hour public timelock and cannot take the rate above 10%.

Eligibility

Minimum hold: 1 full epoch.

Rule

Who qualifies: SpaceEggs wrapped before epoch N opened at 00:00 UTC and still wrapped at its close.

Epoch 0

Epoch 0 starts when trading opens. A SpaceEgg wrapped during an epoch earns nothing for that epoch. It can earn the next one.

Each epoch has one pot. Every SpaceEgg wrapped through that epoch gets an equal share of it. Nothing is held per SpaceEgg.

Epoch pots

Each epoch's fees are spread over four epoch pots: 40% to that epoch's pot, then 30%, 20% and 10% to the next three.

40%

30%

20%

10%

Pot NEpoch N's own pot

Pot N+1Next epoch's pot

Pot N+2Second epoch after

Pot N+3Third epoch after

Who qualifiesSpaceEggs wrapped before epoch N opened at 00:00 UTC and still wrapped at its close.

How it splitsEach pot is shared equally by the SpaceEggs wrapped through that epoch. Nothing is held for a single SpaceEgg. Once a pot is assigned at the close, your share is claimable straight away.

Unwrap

Unwrap for 90,000 SEGGS. The 10% unwrap fee also buys SPCX.

SEGGS back90,000 of 100,000

Fee10% · buys SPCX

This epochShare given up

Closed epochsSPCX stays claimable

Minimum hold1 full epoch

Unwrapping during an epoch means that SpaceEgg gets no share of the current epoch's pot or any later one. Those shares go to the SpaceEggs still wrapped. SPCX from epochs already closed stays claimable until its claim deadline.