How Squeeks earnLink to this section
TL;DRLink to this section
- Each Squeek block's SQK is shared across Squeeks by active power.
- A checkpoint issues the SQK after the hamster's work settles.
- Rewards wait on the Squeek until its owner claims them.
How each block's SQK is sharedLink to this section
A Squeek's share of a block is its active power divided by the total active power. A Squeek with 1,000 of 50,000 active power receives 2% of the block's SQK. When more power joins, every share shrinks to fit the new total.
When SQK is issuedLink to this section
SQK is issued in a checkpoint, which anyone can run. It works through settled rounds in order: for each stretch it counts the completed Squeek blocks, issues their SQK, and shares it across the power active at the time. It then applies any scheduled power changes and moves on.
Where rewards waitLink to this section
Each Squeek's share is added to its unclaimed rewards, held by SqueekMining. They stay with the Squeek, even if it's sold, until its owner claims them.
Related pagesLink to this section
Applies SqueekCore or SqueekMining upgrades authorized by its governing Timelock.
Generates Squeek images and metadata from fixed onchain visual data.
Records physical work and earned block units on Ethereum, with difficulty adapting after active rounds.
Calculates rewards from settled work, holds funded SQK, and pays eligible NFT owners.
The Squeeks ERC-721 contract. Tracks NFT ownership and coordinates minting and merges with SqueekMining.
The SQK ERC-20 contract. Enforces the lifetime supply cap; only SqueekMining can mint SQK.
Queues governance operations and enforces a delay before they can be executed.
Checks that visual data conforms to the required DotGrid format.
When new power starts earning. Minting and merging schedule it for the next round, and a checkpoint applies it.
A reward update that processes settled Squeek blocks, issues their SQK, and applies scheduled power changes.
The Squeek permanently burned in a merge. Its unclaimed rewards move to the survivor, but its image is not combined or kept.
SQK issued as settled Squeek blocks are processed: 5,600 SQK for each completed block, up to the lifetime cap.
Squeekchain's record of accepted wheel-magnet passages.
Combining two eligible same-level Squeeks you own into one higher-level Squeek. One NFT is burned; the survivor keeps both Squeeks' unclaimed rewards.
The completed Squeek blocks a Squeek waits through before it can merge again. It follows the Squeek through transfers.
What a Squeek earns with. Its level sets its maximum power; each Squeek block's SQK is divided across all active power in proportion.
A ten-minute period used to group measured work. The device saves a completed round's work total when measurement remained uninterrupted.
The token each completed Squeek block issues, shared by active power. It has a lifetime supply cap.
An NFT that owns a share of the Squeekchain network. It receives SQK from the hamster's work according to its active power, set by its level and the SQK staked to it.
One billion block units earned from settled work at each round's difficulty. Completed blocks supply SQK under the mining reward rules.
Squeekchain's ecosystem for hamster-powered onchain finance, built on the public work record.
The Squeek you keep in a merge. It gains a level, keeps its ID and image, and receives both Squeeks' unclaimed rewards.
A Squeek's recorded reward balance that hasn't been paid to a wallet. It stays with the Squeek when ownership changes.
The hamster mining device. It records accepted wheel-magnet passages as work.
One wheel-magnet passage that met the device's counting rules.