The match makes
the market.

Why match with the treasury?

You supply USDT0 and gain exposure to a shared liquidity position without first sourcing HSTR yourself. The treasury puts its HSTR inventory into the market alongside your capital. Both sides own a portion of the resulting assets.

The campaign can direct a larger share of trading fees to the USDT0 contributor and add a separate token reward. That is the incentive to participate. For the treasury, the exchange is deliberate: commit inventory and a defined reward budget to attract liquidity for a defined term.

The treasury supplies the matching asset.
You share in the position it helps you build.

Choose a campaign, enter an amount within its minimum and wallet cap, and review the match. The quoted HSTR amount, estimated ownership, range, term, fee split and reward all appear before depositing. A treasury match forms immediately when the transaction succeeds.

How does it know which part is yours?

At matching, the contract measures the tokens actually used and values them at the checked entry price. Your USDT0 contribution divided by the total contributed value becomes your principal share. The HSTR contributor owns the remainder.

Equal value gives 50/50 ownership. A concentrated liquidity range can require a different asset mix, so a match is not automatically half and half. The final recorded share follows the executed amounts.

Once set, that percentage stays with the position. The contract does not try to identify “your original USDT0” after every trade. At withdrawal, it applies your share to each of the remaining principal tokens.

Price movement changes the token mix and its combined value. Liquidity provision can also perform differently from simply holding the assets separately—the effect commonly called impermanent loss. Matching determines how that changing position is shared; it does not restore the original dollar amount.

If your share is 50%, you receive 50% of each remaining principal token. If your fee share is 75%, you receive 75% of each fee token. Those percentages can differ because they describe different payouts.

The campaign sets the deal.

The administrator chooses the reward token, budget, contribution limits, term, range and treasury fee split before creating a campaign. The reward budget is funded up front; opening a round reserves that round’s allocation. Accepted campaign terms cannot be edited later. Different terms require a new campaign.

The public page reads those terms from the contract. The reward token is not a user preference in the deposit form, and a displayed APR is a valuation of the token reward—not a promise about the position’s total return.

A community round starts with one side.

Prefer to match with another holder? Pick a community campaign for its range, term and reward. One participant contributes HSTR or USDT0; a second participant supplies the other asset. Each matched round gets its own liquidity position and its own two owners.

Choose the range as well as the reward.

A campaign’s range defines where its liquidity works and the asset ratio needed to enter. A narrower range concentrates liquidity over fewer prices; a broader range covers more prices. If price moves outside the chosen range, the position stops earning trading fees until it is in range again. Its inventory may become entirely one token.

The quoted match must pass the contract’s price checks, and the transaction includes execution limits. A community quote that has moved too far cannot simply pull more HSTR from the first contributor. That round may need to be cancelled and reopened.

Rewards vest by elapsed time after matching, independently of trading fees. When the term ends, either participant can start the unwind. The other participant’s withdrawal does not require their partner to sign again. A paused or closed campaign still allows the supported cancellation and exit paths.