Rootkit (ROOT)

Rootkit is a highly advanced new DeFi protocol that pushes the limits of financial wizardry. Using a combination of permanent liquidity locks and a fixed supply currency, Rootkit creates a mathematical price floor. There can only ever be 10000 ROOT, and the price floor represents the lowest possible price a ROOT token can ever be. With our new ERC-31337 token wrapper, Rootkit is able to unlock the ETH from under the price floor and send it to a vault.

Introducing Rootkit Finance

This ETH is moved without effecting the market price, or depth of the order book. As the price floor rises through market volume, liquidity locks. Which means more ETH is unlocked from below the floor and sent to the vault. Because there is no tokens available to sell, the floor starts at the price, which is determined by how many ETH are raised in the ETH.

Rootkit is a highly deflationary, yield-farmable token that uses permanently locked liquidity pools to unlock new possibilities.

Utilizing the combination of the Uniswap pricing mechanism, a fixed-supply currency, and permanently locked liquidity pools, Rootkit creates a price floor that is easy to calculate and ensures a minimum possible price for the token. This allows us to reuse the ETH locked in our system multiple times, pioneering past the expected norms of traditional economics. In fact, our proposed design blows everything you’ve seen in DeFi out of the water too. We’ll explain below the unique features we’ve built into our contracts to pursue this bold vision.

Since we can unback the KETH below the floor, all of the ETH used to create the first liquidity can be used twice. This lets us offer our first LP a huge bonus, which is something no other protocol can do.

Improved Liquidity Generation Event [LGE]

The true power of Rootkit is the ability to use the same ETH multiple times to push the price up, without ever using it to sell back to the market, or push the price down. Rootkit, the future of finance.

The Rootkit launch is designed to be as fair as possible to all participants. After a one-week deposit period, the funds received will be paired with the full supply of Rootkit to create the first Uniswap pool.

Since the liquidity pool is created with all possible supply inside of it, it starts at the lowest price it can ever reach. We then reuse some of the ETH without affecting the Uniswap market to create 1 or 2 more trading pools, wBTC and DAI. Lastly, we will purchase some Root tokens from the pool and distribute them with up to 3 LP tokens.

Transfer Gate

The Rootkit Uniswap pair uses kETH, a wrapped version of WETH. Anyone can create kETH and redeem it anytime at a 1:1 rate for WETH. There are no fees other than gas required to do this. All available kETH can be redeemed for WETH at any time.

Our Transfer Gate can be used to add liquidity quickly and safely without getting front-run, requiring only an ETH contribution from the buyer. kETH is what allows the Rootkit system to access the value under the price floor without affecting the market or the guaranteed minimum token price.

Price Floor

Rootkit increases its price through active use of its own Ethereum liquidity. It is a fixed-supply token, and its trading liquidity can never be removed. This creates a minimum price the token can ever be that is very easy to calculate.

If every Rootkit that is not in the liquidity pool is sold into the pool, the resulting price will be the floor. Our router has a function to check this price and can use the ETH below the floor in both farming and other price-increasing strategies.

Deflation

Rootkit has a 0.4% burn built into every transfer to reduce the supply proportionally to overall volume. The standard Uniswap fee on trades provides deflation to the circulating supply thanks to the liquidity being locked.

All coins removed from circulation or added to the liquidity pool increase the price floor of Rootkit. That unlocks more ETH, which can then be used to raise the price floor further.

Rootkit Vault

Using kETH allows all the ETH below the price floor to be moved to the Rootkit Vault. As the price floor rises from volume and burns, more ETH is moved to the Vault. The goal of the vault is to use the funds to help lock up more liquidity and burn more Rootkit (whatever increases the value of Rootkit the most).

The vault can perform simple and safe strategies revolving around things like DAI creation and lending. It is also able to apply strategies directly to the router contract to incentivize volume or different user behavior. How the ETH in the vault gets used will be decided by the governance contract, with Rootkit as the voting token.

Governance and Fees

New types of internal farming strategies will be voted on by Rootkit holders. These strategies will be applied directly into the router contract, instead of using separate vaults. On all transfers there is a small burn, and a fee is taken that is paid to all Liquidity Provider token holders.

We created a function for our governance contract that lets us immediately pass control to token holders without putting the system at risk. Shortly after the liquidity creation event is finished all changes to the contracts will required a vote by token holders. Every vote that passes will have a 24 hour delay where the team has the ability to cancel it. This veto power will be renounced after the tokens are circulated to more users.

10000 ROOT Forever

Theres absolutely no way to create new ROOT tokens. This means the circulating supply can only ever go down, period.

Rootkit is a highly advanced new DeFi protocol that pushes the limits of financial wizardry. Using a combination of permanent liquidity locks and a fixed supply currency, Rootkit creates a mathematical price floor. There can only ever be 10000 ROOT, and the price floor represents the lowest possible price a ROOT token can ever be. With our new ERC-31337 token wrapper, Rootkit is able to unlock the ETH from under the price floor and send it to a vault.

This ETH is moved without effecting the market price, or depth of the order book. As the price floor rises through market volume, liquidity locks. Which means more ETH is unlocked from below the floor and sent to the vault. Because there is no tokens available to sell, the floor starts at the price, which is determined by how many ETH are raised in the ETH.

Since we can unback the KETH below the floor, all of the ETH used to create the first liquidity can be used twice. This lets us offer our first LP a huge bonus, which is something no other protocol can do.

The true power of Rootkit is the ability to use the same ETH multiple times to push the price up, without ever using it to sell back to the market, or push the price down. Rootkit, the future of finance.