Ethertower

Built on Ethereum, the Ethertower protocol operates as a fully decentralized, autonomous system. Backed by ETH, ETHTW is designed to have no single points of failure – no oracles, no governance. The entire system is implemented through a single monolithic smart contract.

By design, ETHTW NAV (or “price”) is monotonically non-decreasing in ETH terms and cannot decline below its current level. Moreover, ETHTW NAV increases with every mint and redemption event.

The Ethertower protocol enables long-term, capital-efficient, risk-adjusted deployment of ETH liquidity through a structured, programmatic reserve strategy. ETHTW targets deterministic NAV expansion of 0.1%–1.0% per day, equating to a projected 36.5%–365% annualized yield (APY).

Ethertower issues ETHTW. Backed by ether and denominated in ETH, ETHTW is a monotonic asset whose per-unit collateral increases with every protocol action; each mint or redemption raises the price (NAV) of ETHTW, never falling below its current level.