> For the complete documentation index, see [llms.txt](https://the-heist-1.gitbook.io/the-heist-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://the-heist-1.gitbook.io/the-heist-docs/readme.md).

# The Heist

**A token economy with a safety net that only ever gets stronger.**

The Heist is a set of smart contracts that automatically grows or shrinks a token's supply based on its market price, turns everyday trading into a permanent, protocol-owned pool of liquidity, and gives every participant a real, cash-out-able claim on the reserves it builds along the way.

Nobody has to show up and make a decision for any of this to keep working. There's no team deciding when to print more tokens. There's no outside price feed to trust. There's no button anyone can press to freeze your withdrawal. The rules live in the contracts, and the contracts are public for anyone to check.

## The 30-second version

* **LOOT** is the protocol's price-targeting token, aiming for **1 LOOT = 0.001 WETH**.
* **MERRY** is the reward token — permanently capped at 100,000, ever. 75,000 is earned by farming; the rest is a fixed, transparent team/treasury allocation (vested over 24 months or released only through a timelocked governance process — see [MERRY](/the-heist-docs/tokenomics/merry.md)). Stake your farmed or vested MERRY in **the Hideout** to earn a cut of every new LOOT printed, plus a real WETH payout.
* When LOOT trades *above* its target, the **Printer** creates new supply and sells half of it right back into the market — turning that premium into permanent backing instead of letting it just be speculation, and feeding a **redemption floor** that redemptions can never shrink.
* When LOOT trades *below* target, trading fees tilt against sellers, and anyone can **redeem** LOOT for its fair share of that floor, any time, with no fee and no waiting.
* Every trade also grows the protocol's own liquidity pool a little — so the market LOOT trades in gets **structurally deeper over time**, instead of depending on outside liquidity that can leave whenever it wants.

## Why this document exists

This is the plain-English reference for how The Heist actually works — every mechanism, every fee, every number, explained in the order you'd actually encounter them. Start with [What Is The Heist](/the-heist-docs/getting-started/what-is-the-heist.md) for the full picture, or jump straight to whatever you're trying to understand using the table below.

{% hint style="info" %}
**This is documentation, not financial advice.** Read [Security](/the-heist-docs/security.md) before interacting with any smart contract — here or anywhere else.
{% endhint %}

## Where to start

| I want to...                                | Go to                                                                              |
| ------------------------------------------- | ---------------------------------------------------------------------------------- |
| Understand the whole system in five minutes | [What Is The Heist](/the-heist-docs/getting-started/what-is-the-heist.md)          |
| See how all the pieces fit together         | [Protocol Architecture](/the-heist-docs/architecture/protocol-architecture.md)     |
| Learn how to join at launch                 | [Genesis](/the-heist-docs/how-it-works/genesis.md)                                 |
| Understand how the price target works       | [The Peg & The Printer](/the-heist-docs/how-it-works/the-peg-and-the-printer.md)   |
| Know what a trade actually costs            | [Trading & Dynamic Fees](/the-heist-docs/how-it-works/trading-and-dynamic-fees.md) |
| Understand the redemption floor             | [The Floor](/the-heist-docs/how-it-works/the-floor.md)                             |
| Learn how staking and rewards work          | [The Hideout](/the-heist-docs/how-it-works/the-hideout.md)                         |
| Learn how to actually start farming         | [Gauge Farms & Voting](/the-heist-docs/how-it-works/gauge-farms-and-voting.md)     |
| See the exact token supply and fee numbers  | [Tokenomics](/the-heist-docs/tokenomics/loot.md)                                   |
| Read about engineering safeguards           | [Security](/the-heist-docs/security.md)                                            |


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