The ebb-reading token
A market that answers its own outflow.
Ebbline is a flow-reading market system that turns net outflow into permanent retirement of its own supply.
EBBL quoted in ETH, on Uniswap v4 (Ethereum).
Every fact, in the product’s own units.
EBBL, the whole supply. Every unit sits in the market at launch; no balance is held back.
The Draw — what each trade leaves behind, in either direction, on every trade.
The units that can ever be added. Nothing is minted in any window; the supply holds or falls.
The vocabulary, in plain words.
The Draw — the fee
Each trade leaves 2% behind. That fee is the Draw, and it never leaves the market’s own machinery.
Buys and sells pay the same rate into the same pool.
The Shallows — the waiting room
Where the Draw gathers between settlements: the balance the hook holds.
It grows only from trades and shrinks only into buybacks.
An Ebb — the buyback
One settlement. When a window closes on net outflow, the gathered Draw buys EBBL back from the market.
Selling funds the buying that answers it.
The Silt — the burn
Where the bought units end: removed from the supply at address zero, recorded by an event.
Permanent. Nothing is reissued, and the count is there to verify.
How a window becomes an Ebb.
The Draw
Each trade leaves behind 2%. The Draw is not sent anywhere; it remains in the market’s own machinery.
Why it matters: both directions of trade feed one pool of retiring power.
The reading
The hook measures one number per window: buy volume minus sell volume across the single market.
Why it matters: with one venue and one reading, there is no oracle to game and no second market to hide flow in.
An Ebb
When a window closes on net outflow, the Draw that gathered in the Shallows buys EBBL back from the market.
Why it matters: outflow is answered with buying the market paid for itself.
The Silt
The bought units settle in the Silt and stay. Nothing is minted in any window, in any conditions.
Why it matters: no action of the contract can ever dilute a holder.
What this makes possible.
The careful buyer’s questions.
Does holding EBBL ask anything of me?
No. EBBL is an ordinary token on Ethereum and sits in any Ethereum wallet. Every rule runs inside the market itself; holding asks nothing of you.
Who could ever change the Draw?
No one. The 2% is fixed in the contract’s code with no setter; what a trade pays on day one is what it pays forever.
Can an Ebb be skipped or mistimed?
The window rule is fixed and the hook reads each window as it closes. A window with no net outflow simply settles nothing: the Draw keeps gathering in the Shallows and waits.
Where does retired EBBL end up?
Out of the supply, for good. At settlement the bought units are removed at address zero, and the event carries the amount and the supply after. The supply number only ever falls, and it is there for anyone to verify.
Could the deployer ever move my balance or pause the market?
No. No function can move your balance, and nothing can pause the market. Deployment is the last act the deployer takes.
What happens when buys outweigh sells?
The Draw gathers in the Shallows and nothing else happens. Nothing is issued against inflow; inflow changes nothing about the supply.
Where does the supply number come from?
150,000 EBBL is the whole supply, created once. Every unit sits in the market at launch; no balance is held back.
The whitepaper.
Every rule in one place: the parts and their boundaries, the parameters and where each lives, the mechanism in exact terms, worked examples, and how to verify every claim on the explorer. The Protocol Note carries the same rules in prose.