A field of 25 parcels. One produces every 90 seconds.

Commit ETH on the parcels you believe in. At the close of the cycle a draw picks the producing parcel: the drillers on it share the ETH of the whole cycle and freshly extracted RIG, pro-rata to their stake. The Gusher can erupt on top.

Cycle—

no cycle open

Field ETH—

Gusher pot—

1 / 625 per cycle · 80 % paid

RIG per cycle—

reserve —

Total drilled—

RIG mined —

Your cycles

Cycle	Producing	Your stake there	ETH	RIG
Nothing yet — drill a parcel.

Drill

ETH per selected parcel

ETH

Selected parcels0

Total0 ETH

Walletnot connected

Balance—

Your reservoir

Mined RIG (unrefined)—

Royalties earned—

Refining fee now—

You would receive—

Fee starts at 20 % and falls to 10 % after 24 h of weighted holding. It is paid as royalties to everyone who has not refined yet.

Gusher pot—

ETH · erupts 80 %, keeps 20 %

Odds per cycle1/625

fixed, never changes

Fed by2%

of every producing cycle + the launch tax share

Buyback ETH—

2 % of cycles, buys RIG for the reserve

The pot that swells until it erupts

Every resolved cycle rolls a second, separately salted draw. One time in 625 the Gusher erupts and 80 % of the pot is paid to the drillers of that cycle, on top of their normal share. The remaining 20 % stays as the floor of the next Gusher. Nobody can influence the draw: it comes from the same block hash as the parcel draw.

Eruptions

Cycle	Producing parcel	Paid
No eruption recorded yet.

Concession share8%

of the ETH of every producing cycle

Total weight—

RIG × multiplier, all holders

Paid to concessions—

ETH, since launch

Lock RIG

Amount

RIG

Duration — 30 days

Permanent — never withdrawable, 4× multiplier

Multiplier1.38×

Your RIG balance—

1× at 0 days, 2.5× at 120 days, 4× permanent. Adding to a concession needs a duration at least as long as the time remaining. Multiplier is fixed for the lock in v1 (no decay near expiry).

Your concession

Locked—

Multiplier—

Unlocks—

ETH claimable—

Bet on the eruption, or insure against the drought

A fixed-odds market on one question: will the Gusher erupt within a window of 100 consecutive cycles (about two and a half hours)? Not deployed in v1 — the contract below is the specification the next release implements.

YES

Pays a fixed multiplier if the Gusher erupts on any cycle of the window. Exposure to the Gusher without drilling a single cycle.

NO

Pays a smaller multiplier if the window passes dry. The driller's hedge: droughts are exactly when drilling burns fees for nothing, and a NO ticket pays then.

Fair odds over 100 cycles at 1/625: 14.8 % of windows erupt (1 − (624/625)¹⁰⁰). House margin a few percent each side, paid back into the Gusher and the buyback. Every ticket fully backed by ETH in the contract, permissionless settlement, no oracle.

Protocol documentation · v1

A field of 25 parcels, a cycle every 90 seconds

RIG is an on-chain drilling protocol on Ethereum. The protocol does one thing and repeats it: it opens a field, lets anyone commit ETH on the parcels they want, then draws the one that produces. No hardware to buy, no queue, no minimum other than gas.

What is live in v1. Drilling, cycle resolution, ETH split, RIG rewards from the reserve, the reservoir with refining fees and royalties, concessions, the Gusher, and the launch tax feeding the Gusher. Not yet: the hedge market, auto-drill, the one-winner RIG mode, drand randomness (v1 uses the hash of the close block), concession multiplier decay. Contracts are unaudited.

The cycle

Commit. Deposit ETH on one or more of the 25 parcels, as many times as you want while the cycle is open. The first drill opens a 90-second cycle.
Close. Once the 90 s are over, the next transaction (a drill or resolve) records the close block. Its hash is unknown to whoever sends it.
Resolve. In a later block, the hash of the close block picks the producing parcel (and rolls the Gusher). Again a drill or resolve does it — the field needs no keeper.
Claim. If you were on the producing parcel, claim your share of the ETH and the RIG of the cycle. RIG goes into your reservoir.

If nobody committed on the producing parcel, nothing is lost: the ETH and the RIG of the cycle roll over to the next one.

Where the ETH of a cycle goes

88 % drillers on the producing parcel
8 % concessions
2 % Gusher
2 % buyback

The 8 % goes to concession holders pro-rata to weight; if nobody holds a concession, it feeds the Gusher. The 2 % buyback accumulates in the contract; the owner withdraws it to buy RIG on the market and puts it back into the reward reserve.

RIG supply and rewards

RIG has a fixed supply of 1,000,000,000, all placed in the Uniswap v4 ETH/RIG pool at launch. No presale, no team allocation, no minting. Cycle rewards are therefore paid from a reward reserve held by the drill contract: 2,000 RIG per resolved cycle (owner-adjustable, hard cap 100,000) while the reserve lasts. Anyone can fund the reserve; the buyback is designed to. When the reserve is empty, cycles pay ETH only. The dapp shows the reserve at all times.

Refining fee and royalties

Withdrawing mined RIG from your reservoir costs a refining fee: 20 % if you refine at once, falling steadily to 10 % after 24 hours of holding, never lower. It is not burned: it is paid as royalties to everyone who has not refined yet, pro-rata to their unrefined RIG.

Each wallet has a single clock. Newly mined RIG blends in by weight: 100 RIG a day old plus 100 RIG just mined gives 200 RIG dated 12 hours, so refining now costs 15 %. Refining empties the position and resets the clock. Royalties already earned are never taxed.

The Gusher

An ETH pot fed by 2 % of every producing cycle and by the launch tax share. Each resolved cycle has a fixed 1 in 625 chance to erupt; when it does, 80 % of the pot is paid to the drillers of that cycle on top of their share, and 20 % stays as the floor of the next Gusher. The odds never change and nobody — team, driller, market — can influence the draw.

Concessions

Lock RIG and you hold a concession: the right to 8 % of the ETH of every producing cycle, pro-rata to your weight = amount × multiplier.

Multiplier grows with duration: 1× for no lock, up to 2.5× at the maximum of 120 days.
A permanent lock — never withdrawable — gets a fixed 4×.
ETH rewards are claimable at any time. At expiry a timed concession unlocks freely.
v1 keeps the multiplier fixed for the whole lock; adding RIG requires a duration at least as long as the time remaining.

Trading tax

The ETH/RIG pool carries a Uniswap v4 tax hook: 15 % buy / 15 % sell for the first 60 seconds after the first swap, then 5 % / 5 % forever, collected in ETH. 40 % of every tax payment goes to the Gusher pot and the rest to the launch wallet — at the 5 % floor that is 2 % of volume for the Gusher. Wallet-to-wallet transfers are not taxed; the token itself has no transfer tax.

Hedge market

Specified, not deployed: a fixed-odds YES/NO market on whether the Gusher erupts within a window of 100 consecutive cycles (fair odds 14.8 %). See the Hedge tab.

Parameters

Parameter	Value
Cycle length	90 s
Parcels	25
Drillers / concessions / Gusher / buyback	88 / 8 / 2 / 2 %
RIG per resolved cycle	2,000 (from the reserve)
Gusher odds · payout	1/625 · 80 %
Refining fee	20 % → 10 % over 24 h
Concession multiplier	1× → 2.5× (120 d) · 4× permanent
Total supply	1,000,000,000 RIG, fixed
Pool tax	15/15 % for 60 s, then 5/5 %

Contracts

Not deployed yet — Preview mode.

Nothing on this page is investment advice. Contracts are unaudited. In Preview mode every figure comes from a local simulation of the contract math, stored in your browser only; nothing here is a real market statistic.