@0xluo.eth

I’m not sure if I fully understand /donut yet, but it looks like an interesting new mechanism. $DONUT is a store-of-value asset minted through a continuous Dutch auction. Anyone can pay the current auction price to claim the sole mining right, called Glaze, and become the King Glazer. While you hold the Glaze, all $DONUT emissions stream directly to you. When someone outbids you, their payment is split between you, the treasury, and the frontend. The treasury then uses its ETH to buy and burn DONUT-WETH LP (and will upgrade to buying and burning $DONUT itself), tightening supply over time. so it forms a simple flywheel: auction → emissions → buy-burn → increased scarcity → price up → more auction activity. And it already feels like the wheel is starting to spin.

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