SQK and rewardsLink to this section

TL;DRLink to this section

Your Miner's active power earns a share of one variable SQK reward pool.
You keep the NFT in your wallet without staking and claim ready rewards separately.
Recorded work, other Miners' power, reward rules, and the supply cap all affect what you can receive.

What do you receive as an owner?Link to this section

SQK is the transferable reward token. Your Miner NFT gives you the right to claim the funded rewards assigned to it, but it doesn't automatically send tokens to your wallet. Once you claim SQK, you can hold or transfer it separately from the NFT.

Each eligible Miner's share depends on its active mining power compared with all other active power. More power can give you a larger share. Reserve and unsold-allocation Miners share the same pool as buyer-held Miners.

How does work become a reward?Link to this section

The physical Hamster Miner records accepted wheel activity. After that work is settled on Ethereum, a transaction called a checkpoint processes it for rewards. Completed Squeek blocks can fund new SQK, which is held until NFT owners claim their shares.

Newly minted power and the extra power from a merge need later activation before they earn. Receiving an already active NFT doesn't restart activation or its cooldown. You can claim existing funded rewards while a power increase is still pending.

Minting a Miner, merging Miners, and claiming rewards don't create SQK. Nor does looking at a reward balance process a backlog: Checkpoints and pending rewards explains why recorded work and ready rewards can differ.

In this sectionLink to this section

The SQK Token — Understand SQK, its initial supply, and the fixed lifetime cap.
How rewards work — Follow completed work into the shared pool and see why your share changes.
Claiming rewards — Move ready rewards to your wallet and understand fees and zero payouts.
Checkpoints and pending rewards — Understand processing delays and optional calls that help the system catch up.
Supply limits and rounding — See what happens at the cap and where tiny unpaid fractions stay.

What limits new rewards?Link to this section

SQK starts with zero supply and has a lifetime cap fixed at deployment. Reward rates decrease at work-based halving points, and some processed rounds pay nothing. Reaching the cap stops new issuance, but doesn't stop claims of already-funded rewards.

The cap limits supply, not every possible change to the reward rules. The mining contract can be upgraded through governance, so the governance and upgrade trust boundary remains relevant to owners.

Records verified work and tracks settled rounds and Squeek blocks on Ethereum. Calculates rewards from settled work, holds funded SQK, and pays eligible NFT owners. The Miner ERC-721 contract. Tracks NFT ownership and coordinates minting and merges with Mining. Applies Core or Mining upgrades authorized by its governing Timelock. Generates Miner NFT artwork from fixed onchain visual data. Queues governance operations and enforces a delay before they can be executed. The SQK ERC-20 contract. Enforces the lifetime supply cap; only Mining can mint SQK. Checks that visual data conforms to the required DotGrid format. When new mining power starts earning. Minting and merging schedule it for a later round, and a checkpoint must process the change. A reward update that processes settled work and scheduled mining-power changes. It can make rewards available but doesn't pay them to an owner's wallet. The Miner NFT permanently burned in a merge. Its unclaimed rewards move to the survivor, but its image is not combined or kept. SQK issued under the mining reward rules. You can direct a share of your Miner's rewards to fund SqueekFi projects. The physical mining device that records accepted wheel-magnet passages as work. It is separate from the virtual Miner NFTs. Squeekchain's record of accepted wheel-magnet passages. It doesn't prove animal identity and isn't how Ethereum reaches consensus. Combining two eligible same-level Miners you own into one higher-level Miner. One NFT is permanently burned; the survivor keeps both Miners' unclaimed rewards. The completed Squeek blocks a Miner must wait through before merging. It measures completed work, not elapsed time or Ethereum blocks; transfers don't reset it. The power used to calculate a Miner's share of rewards when eligible and active. A larger share of total power can mean a larger share of rewards. A ten-minute period used to group measured work. The device saves a completed round's work total when measurement remained uninterrupted. The transferable token used for mining rewards. It has a lifetime supply cap and is separate from the Miner NFT and the device's work count. A completed amount of settled work. Enough recorded work completes one Squeek block; it is not an Ethereum block. Squeek Miner NFTs earn SQK linked to recorded wheel activity. Owners can direct a share of those rewards to fund SqueekFi projects. Squeekchain's ecosystem for hamster-powered onchain finance. Miner owners can choose to fund projects with a share of their SQK rewards. The Miner NFT you keep in a merge. It gains a level, keeps its ID and image, and receives both Miners' unclaimed rewards. A Miner's recorded reward balance that hasn't been paid to a wallet. It stays with the NFT when ownership changes. One wheel-magnet passage that met the device's counting rules and was saved. It records work, not an amount of SQK.