Holo

Hey Alkanes community, As the protocol team, we're here to break down the recent mechanic shift to $DIESEL, the first Alkanes token. This upgrade shifts us from a competitive winner-takes-all race, where the first transaction claims the full block reward, to a collaborative system aligned with utilization of the protocol. Now, rewards are distributed equally across people who claim for a block, fostering broader participation and tying emissions to real on-chain activity. It's effectively sybil resistant: censorship of participation is cost-prohibitive, as it fundamentally requires censoring Bitcoin itself, and it's generally unable to be fully capitalized by a single bad actor. Functionally, it's closer to how a mining pool works in practice where there is a stream of new sats is partitioned across the entire set of miners. This is more accurately representative of the goals of the metaprotocol at large and closer to a consensus mechanism that is appropriate for a metaprotocol, with its economic elements. But it also allows OYL, long term, to seed liquidity into the market. Key Mechanics at a Glance Block Rewards: DIESEL emissions stay synced with Bitcoin's halving schedule (current ~3.125 per block, total supply 1,562,500, ending ~2140). No changes there. Claiming: To participate, call the mint function to the diesel contract, or expert mode attach a protostone to your transaction. You can use it once per tx, tacking it onto interactions against Alkanes for a kickback. The OYL treasury gets minted DIESEL in accordance with the fee that miners take (in sats parity—e.g., 0.41 BTC fees = 0.41 DIESEL), but this protocol allocation is capped at 50% of the reward to keep things balanced. The rest is distributed across usage of the protocol. Why I'm Bullish: This inverts how L1 consensus economics works in some ways, rewarding the whole ecosystem instead of solo winners. It drives utilization, seeds liquidity via treasury (for AMMs, LPs, and more), and positions DIESEL as the crude oil fueling Alkanes' growth. More builders, more txs, stronger Bitcoin DeFi.