Hoodrate is mining power. Every rig contributes a fixed amount of it to one ticker's pool: a SCOUT contributes 100, an OUTLAW 350, a LEGEND 800. What you earn is your share of all the hoodrate mining that ticker on that day.
There is no hashing and nothing to install. A rig earns because it was rented and is inside its term. The work was paying for it.
Each ticker has a coffer holding that ticker's stock token. Sixty percent of every rental is swapped into the token and locked there. The coffer only grows from rentals and from the electricity bill; nothing else pays into it.
The swap is bounded by a Chainlink price feed. If the market cannot fill within the allowed distance of the oracle, the rental is refused rather than filled at a bad rate.
Once a day the coffer is drained by a fixed percentage, currently one percent, and that amount is paid across all active hoodrate. The day's Bounty is paid out alongside it.
Days are whole epochs, measured from a fixed genesis. Rent part way through an epoch and your rig begins earning at the next boundary. It earns through the last epoch it paid for and then stops, exactly, whether or not anyone touches the contract that day.
Twenty five percent of every rental is swapped and paid to the rigs already mining that ticker on the day the rental lands. New money goes to the miners who were already there. If nothing is mining that day, it falls into the coffer instead of being stranded.
Claiming withholds ten percent, which returns to the coffer you mined it from. Nothing leaves the system; it lands back in the pot everyone is drawing on.
Burning $RATE adds a quarter of a rig's hoodrate for one whole epoch. Stack it up to four times for double weight. Each stack within the same window costs twice the one before. The boost applies to the next full epoch and expires with it.
When a rig's term ends it stops earning. Anything it earned before that is still yours and can be claimed at any time. Renewing a live rig extends the end of its term with no gap; renewing a seized one puts it back to work at the next boundary.
A holder discount is funded from the operations share alone. The coffer and the bounty are the same size whether the renter holds $RATE or not.
The protocol never promises more than it holds. Everything a pool has committed — its coffer, its unsettled bounty and everything owed but unclaimed — is checked against the tokens actually in the vault. Rewards are only ever created from tokens already held.
The contracts are not upgradeable. The admin surface is parameters only, and each one is bounded in code: the daily drip can move between 0.5% and 2% and nowhere else, the holder discount can never exceed the operations share, and the price table is rejected unless a longer term is cheaper per day and a bigger rig buys more hoodrate per unit.
New rentals can be paused. Claiming cannot. There is no path from any operator function to a rig's balance or to the tokens backing it.
Stock tokens carry a scaling multiplier that moves when the underlying does something like a split, instead of rebasing balances. The protocol books raw units throughout, which is what stays stable across a split. The multiplier is applied for display only.
Equity price feeds follow the underlying market: they go quiet outside trading hours and pause during corporate actions. The protocol allows for that, so a rental placed at the weekend still works.