LETHE token

No LETHE token has launched. Any token called LETHE that you see today is not from this project. When it launches, its only official address is the one on Network and contracts.

LETHE is the planned token of the Lethe protocol on Elysium. Its job is to back the people who run the network, relayers and indexers, and to let holders decide a small set of settings. Shielding, sending and withdrawing never require it.

Everything on this page is the planned design. Nothing here is deployed, and the numbers that matter (supply, allocations, bond sizes, penalties) are published before the token exists.

What LETHE does

Use	What it means	Arrives with
Relayer bond	A relayer stakes LETHE to be listed in the app, and loses part of it for a broken promise	Phase 2
Delegated staking	You stake LETHE behind a relayer you choose, share its fees and share its penalties	Phase 2
Indexer bond	Indexers, which help wallets find their notes faster, stake the same way	Phase 2
Shieldable LETHE	LETHE is a supported pool asset, so you can hold and send it privately	Phase 2
Fees in LETHE	Relay fees, and later swap fees, cost less when paid in LETHE	Phase 3
Team tools	Hosted tools around shared treasuries are paid for in LETHE	Phase 4
Listings and settings	Holders vote on which tokens the pool supports and on the staking settings. Proposing a token needs a bond	Phase 5

How staking works

1. A relayer registers. It stakes at least the minimum bond and publishes its fee. Only bonded relayers are listed in the app.
2. You choose one. You stake LETHE behind that relayer. Your stake counts toward its bond.
3. The relayer makes a promise. When it accepts a transaction, it signs a receipt saying it will get that transaction on chain by a stated block.
4. Fees are split. The relay fee users already pay goes to that relayer’s fee contract. The relayer takes a commission, which covers the gas it pays, and the rest is split among the people staked behind it. Fees arrive in the tokens users moved, such as HYPE, not in LETHE.
5. Broken promises cost stake. If the transaction is not on chain by the stated block, anyone can show the signed receipt on chain, and part of the relayer’s stake is taken. That includes the stake behind it.
6. Leaving takes time. Withdrawing stake has a waiting period, so nobody can leave just before a penalty.

Staking adds no new fee. It splits the relay fee that a private send or withdrawal already carries.

What you can lose

• Part of your stake, each time the relayer or indexer you backed is penalised.
• Access to your stake for the waiting period after you ask for it back.
• The value of LETHE itself. Nothing here protects its price.

Relay fees are small. Do not expect a large return from staking, and do not treat any number you see elsewhere as official.

Staked LETHE is public: it sits in the staking contract under your address. If you want your LETHE private, shield it instead. You cannot do both with the same tokens.

What LETHE never does

• Gate your own funds. Shielding, sending and withdrawing never require buying or holding LETHE.
• Claim the pool. Holding or staking LETHE gives no ownership of anyone’s deposits.
• Pay you for holding. LETHE earns nothing by being held. Only staked LETHE shares fees, and it shares penalties too.
• Tax the pool. There is no burn or token charge on pool transactions.
• Promise a price.
• Touch user funds through a vote. Votes can turn new deposits of a token on or off and change staking settings. They cannot reach keys, move balances, block withdrawals or upgrade the pool.

How a token gets listed

The pool only accepts standard tokens, and every supported token shares one pool, so a listing is a security decision.

1. The token passes a published technical checklist: no transfer fee, no rebasing, no transfer callbacks, and any freeze or blacklist power disclosed.
2. The proposer posts a LETHE bond.
3. Staked LETHE votes. Only stake held when the proposal opened counts.
4. An approved listing takes effect after a waiting period. The bond is returned after a probation period if the token behaves.

Not decided yet

Total supply, allocations and any lock-ups, the minimum bond, the size of penalties, commission limits, the waiting period for unstaking, and voting thresholds. Each is published on this page before it applies.

Lethe does not promise yield or token price appreciation. Nothing on this page is financial advice.