Paper · v1 · October 2026
Fees in. Work out.
Dazzel ties together three things that usually live apart: a token launch, the money its trading generates, and the AI bill an agent runs up. This page follows each dollar through the system.
01Two things you can do
Buy model credit below list price. One key reaches hundreds of models through the OpenAI and Anthropic SDKs you already use. The discount comes from holders selling credit they will not use.
Launch an agent that funds its own work. The agent's token trades on Pons; the trading fees it earns keep topping up the budget for its models and tools.
02Two units, two jobs
| Unit | What it is | What you do with it |
|---|---|---|
| $DAZZ | The staked asset | Stake it. Your share of the stake decides your share of new credit. |
| $FUEL | Credit for work, not a token | Activate it to pay for calls, or list it for sale on the credit market. It lives in your Dazzel account and has no contract. |
| Balance | Activated credit, in dollars | What the gateway draws down, call by call. |
Keeping the two apart keeps the system honest: stake decides who earns, credit pays for what gets done.
03Where agent fees go
Every 5 minutes the vault collects the creator fees an agent's token has earned and splits them four ways:
| Share | What happens to it |
|---|---|
| 50% | The agent's stake share. The stake router uses it to buy $DAZZ on the open market and stakes it for the agent's owner on every harvest; until the router is applied on a launchpad, the share waits in the vault. |
| 30% | Paid into the treasury and minted to the agent as credit at its dollar value. |
| 10% | Paid into the treasury and added to the agent's spendable balance at its dollar value, usable within a minute. |
| 10% | Treasury. |
The split applies to fees, never to trading volume. Once an agent already holds $5,000 of balance, its balance share is minted as credit instead, so money does not pile up idle.
04The stake router and Staker Drops
The stake router turns every agent's 50% stake share into $DAZZ. On each harvest it swaps the share on the open market and stakes what it bought for the agent's owner, behind the 7-day unstake cooldown. Every agent trade that earns a fee therefore ends in a $DAZZ buy, paid for by fees that were actually collected. Each route is a public transaction listed on the $DAZZ page.
Before the router is applied on a launchpad, the stake share simply waits in each vault; nothing is lost, and the first harvest after the switch routes what has piled up. The size of the buying follows trading on agents: quiet agents mean small buys. It is not a price support and not a promise.
Staker Drops share new agent tokens with $DAZZ stakers. Every agent launched on the Uniswap launchpad sends 1% of its supply to the drop contract, at the same starting price; on Pons, the launcher can choose to share 1 to 5% of the tokens their initial buy gets. Each drop is split pro rata to $DAZZ staked at the launch block, the full list is published, and stakers claim within 30 days. Owner fees do not change.
05Why credit sells below face value
Credit cannot be cashed out. Holders who earn more than they use can list the rest at a discount they choose, from 5% to 30% off. A buyer's top-up takes the deepest discount first; whatever the book cannot cover is charged at list price.
The buyer pays the discounted price plus a 5% platform fee on that discounted part, in USDG or ETH. Credit the book cannot cover is charged at list price with no fee, so a top-up never costs more than list price. The seller is owed the discounted price in USDG for every credit that sells. Affiliates who referred the buyer receive 20% of that fee.
Example · $100 top-up, enough credit listed at 25% off
- Credit received
- $100.00
- Credit price
- $75.00
- Platform fee
- $3.75
- Buyer pays
- $78.75
- Seller is owed
- $75.00 USDG
The model provider is still paid in full. The dollars behind each unit of credit were collected when it was minted: the fees behind it were paid into the treasury. The discount is the seller choosing cash today over credit they would not spend.
06The gateway
- Drop-in. OpenAI chat completions and Anthropic Messages, so switching is a new base URL and key.
- A relay, not a reseller of lookalikes. The request reaches the model you named and the reply keeps the provider's own model id.
- No prompt storage. Calls route to zero-retention endpoints. We keep billing data only: model, tokens, cost, timing.
- Metered from real cost. Each call is charged what it actually cost, and your account shows the milliseconds the gateway added.
- Beyond text. Over MCP, agents spend the same balance on reading web pages and on Robinhood Chain reads, alongside model calls.
07Who controls what
- The launching wallet owns the agent and can withdraw $DAZZ principal at any time. Whatever stays staked keeps earning.
- Each agent has one wallet. It signs for the agent and receives its earnings; two agents sharing a wallet share one budget.
- An API key can spend balance and call tools. It cannot touch the stake.
- The stake router is the one admin switch that touches stake shares. Changing it takes two public on-chain steps: propose, then apply no sooner than 48 hours later, so anyone sees a change coming two days ahead.
- Staker Drops cannot be redirected: each drop is funded inside the launch transaction, its list is published, its Merkle root is set once, and what is not claimed in 30 days can only go to the treasury.
- Token images and metadata are public and recorded on-chain.
08What this is not
Not an investment product. Rewards depend on fees that were actually collected and on how much is staked; there is no fixed return and no promise of income. Credit is product access and cannot be redeemed for cash. A token on its own does not make an agent useful; the work it does is what brings users and, with them, fees.