01 — SLVR Docs

Intro

Learn about the protocol.

SLVR is a fast, on-chain mining protocol. Every minute, miners commit ETH across a grid of 25 squares. When the minute ends, tamper-proof randomness selects one square as that round’s block. Everyone who committed to it shares the round’s ETH and earns freshly-minted SLVR — distributed fairly, in proportion to what each miner put in.

How a round works

  1. Commit. Stake ETH on one or more of the 25 squares.
  2. Resolve. When the minute ends, a drand beacon (verified on-chain) selects the winning square — no one can predict or rig it, so every miner gets a fair shot for each unit of ETH committed.
  3. Earn. If you committed to that square, you take a proportional share of its ETH plus freshly-minted SLVR. A growing Jackpot also pays out from time to time.

Why hold SLVR?

SLVR isn’t just a reward — it’s a claim on the protocol’s revenue. Lock it up and you earn a slice of the ETH from every round. The token launches fairly (no pre-sale, no insider allocation) and is released gradually through mining.

The moving parts

  • Grid Mining — the core protocol.
  • SLVR Token — the reward token, with a small tax on trades that feeds the jackpot.
  • Vote-Escrow (veNFT) — lock SLVR to earn ETH from the protocol.
  • Liquidity Staking — stake LP tokens to earn ETH.
  • Auto-Commit — set it once and mine automatically each round.