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Paddl
ETH / PADDL, a Uniswap v4 hook

Every swap pays its
base fee twice.

Ethereum burns the first. The second is paid out in ETH to shares, divided by their number.

Shares are PADDL held outside the pool, counted in units of one thousand.
Buying joins the split. Selling leaves it.

Open the counter

Two integers, one block at a time.

432
Gwei per share, last block
Shares splitting it18 240
Quantum1 000 PADDL = 1 share
Base fee that block42 gwei
Carry to next block1 wei
The surcharge, five rows
Under 0.05 ETH
20 000 gas
0.0020
2 to 10 ETH
130 000 gas
0.0130
Hard ceiling
0.25%

Of the ETH leg. Whichever is smaller, the envelope or the ceiling, is what the swap pays. Above 200 gwei the surcharge stops growing.

All of it, to the shares.

The surcharge has one destination and the contract has no owner.

Drag the share across the cover. There is no treasury address in the contract,
no fee switch, and no owner who could add one.

Paddl   $PADDL   a Uniswap v4 hook on Ethereum Counter   Arithmetic   Flaw