策略 01

策略 01 is paired against 01, not against ETH. Trades are denominated in 01, the fee is collected in 01, and the treasury holds 01. The strategy is what happens to that treasury.

The fee is charged by a Uniswap v4 hook attached to the pool, not by the token.

That distinction matters. A token that skims inside its own transfer function cannot be sold on a concentrated-liquidity pool at all: the pool checks that it received the full input amount and reverts when it did not. Tokens built that way can be bought and never sold. They are honeypots, whether or not anyone intended them to be.

Charging at the pool layer instead leaves the 策略 01 contract completely plain: no owner, no mint function, no tax logic, no transfer hooks, fixed supply. And because the hook sits inside the swap, the fee can be denominated in 01, which a transfer-level tax could never do.

策略 01 is denominated in 01, so it is worth understanding what sits underneath it.

01 is a bonding-curve token backed by a reserve. It could only ever be created by buying it from a curve, and the money paid in stayed underneath as backing rather than going to a seller. The reserve is held as sUSDS, the savings form of a dollar stablecoin, so it earns yield, and that yield raises the price the curve will pay to buy 01 back. The floor moves up on its own.

Minting stopped permanently once the curve had issued its full 20,790,000 sellable supply. That moment is called bonding, and it has already happened. No more 01 can ever be created. The curve remains underneath as a permanent buyback, so 01 can always be sold back to the reserve at the floor. Every trade also burns 0.25% of the 01 involved, so supply drifts down against the same reserve.

01 has no owner, no admin key and no upgrade path.