Hold barrel.
Earn oil.
Run the farm for more.
BARREL is a production asset. Every barrel you hold is a claim on the well: it produces OIL for you continuously, in the background, with no staking, no lockup, and nothing to sign. Your output is simply proportional to what you hold.
OIL is not a points balance. It is a real ERC20 sitting in your wallet, and every unit of it is backed by ETH held in a pot that has no withdraw function, no pause, and no upgrade path.
- 1 Buy BARREL on the ETH/BARREL pool.
- 2 Hold it. OIL accrues to you in the background, proportional to what you hold, no staking or lockup required.
- 3 Or work the Oil Farm: spend BARREL on a miner. Miners produce OIL and BARREL over time, burn power as they run, and take BARREL to refuel.
- 4 Claim your OIL any time from the holder dashboard, where you can also cash a barrel in for its ETH backing.
Nobody, not the team, not an owner, not any admin key, can pull ETH out of the pot backing OIL. The contract holding it has no withdraw function, no pause, and no upgrade path.
What OIL is
- Produced by holding. Sits in your wallet and accrues to you around the clock. Claim whenever you want.
- Produced by mining. Oil Miners run a second, larger stream, paid in OIL and BARREL together.
- Backed, not promised. Every unit is a pro-rata claim on a pot of real ETH. Cashing a barrel in is always available from the holder dashboard.
Nothing about OIL depends on anyone honouring anything. The backing sits in a contract with no owner and no exit.
Production rate
What a miner returns over a year on the steady BARREL stream, after the fuel it burns to run, as a share of what it cost.
Live, not quoted: it moves every time a rig joins or drops off the field, and it is not a promise. It covers the steady BARREL output only. The OIL side arrives in lumps as trades flow through, so there is no honest rate to put on it, and it is not counted here.
Live state
Read straight from chain. The backing ratio below is the exact rate OilPot.redeem pays out at, this instant.
The rigs
Every miner is the same deal per barrel of fuel. A bigger rig carries more weight and a bigger tank, so it runs longer between refills. Figures below are read live from the farm, not quoted.
Production payback covers the steady BARREL output only. It moves as rigs join or drop off the field, and it excludes the OIL side, which arrives in lumps and cannot be projected forward honestly.
What actually backs this
Power is a real deadline
A miner runs on a power meter that drains at a fixed rate the owner can never change. At zero it stops earning immediately, and until someone settles it, its hashpower keeps diluting everyone else's share.
Anyone can fix that for anyone, for free, with poke(). The farm screen batches every expired miner into a single call.
Cashing in a barrel
Every unit of OIL is backed by real ETH sitting in a dedicated pot. If you want out, redeem(oilAmount) burns your OIL and pays potBalance × amount / oilSupply in ETH, pro-rata at the moment you call it. No approval step is needed. The pot burns your own OIL directly.
Hold 1% of outstanding OIL, cash in for 1% of the ETH in the pot, whenever you choose.