> For the complete documentation index, see [llms.txt](https://onex-3.gitbook.io/onex-document/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://onex-3.gitbook.io/onex-document/coin/pillar-01-iev.md).

# Pillar 01 iev

## Core Concept

The IEV is a protocol-controlled vault where **70% of every monthly ICO token unlock is deposited**. These tokens never touch the open market. ICO holders who want to exit sell their IEV-locked tokens back to the protocol at a guaranteed floor price, with **zero market impact**.

***

## IEV Reserve Requirements

* `IEV_Min_USDT = Total_IEV_Tokens × IEV_Floor_Price × 40%`
* IEV seeded at listing with **$1,800,000 USDT** from ICO raise
* Weekly: 20% of all sell tax revenue flows to IEV
* Monthly: Treasury injects if IEV falls below 40% threshold

***

## IEV Rules

### Rule 1: Mandatory Deposit (Protocol-Enforced)

Every month when 10% of ICO tokens unlock: 70% automatically deposited into IEV (cannot be overridden), 30% released to user wallet as tradeable.

### Rule 2: IEV Exit Pricing

| Market Price | IEV Exit Factor                                     |
| ------------ | --------------------------------------------------- |
| ≥ $1.20      | 0.85× market (still above ICO price for all rounds) |
| $0.80–$0.99  | 0.80× market                                        |
| < $0.80      | 0.75× market (floor defense active)                 |

*Example: Market price $1.20 → IEV exit = $1.02. Public sale investors paid $0.12 — still 8.5× return. ZERO market impact.*

### Rule 3: IEV Daily Exit Limit

`Daily_Exit_Limit = MIN(IEV_Vault_USDT_Balance × 5%, 250,000 ONEx tokens)`

### Rule 4: IEV Queue System (FIFO)

* If daily exit limit reached: new requests enter FIFO queue
* Maximum queue wait: 14 days
* Users can cancel at any time; position is non-transferable
* If 14-day limit exceeded: vault auto-raises daily limit by 25%

### Rule 5: IEV Yield Incentive

| Hold Duration in IEV | APY Multiplier      |
| -------------------- | ------------------- |
| 30 days              | 1.0× (12% base APY) |
| 60 days              | 1.2× (14.4% APY)    |
| 90 days              | 1.5× (18% APY)      |
| 180 days             | 2.0× (24% APY)      |

Yield paid weekly in ONEx from Staking Rewards allocation. If user exits IEV early, current week's yield is forfeited and returned to staking pool.

### Rule 6: IEV-to-Market Graduation

* 7-day cooldown (irrevocable after 48 hours)
* After cooldown: tokens release at 10% per day over 10 days
* ADTL sell taxes apply to all graduated tokens — no bypass

### Rule 7: What Happens to IEV-Exited Tokens

| Destination                      | Proportion |
| -------------------------------- | ---------- |
| BURNED permanently               | 50%        |
| Recycled to Buyback Pool         | 30%        |
| Recycled to Staking Rewards Pool | 20%        |

> **Every IEV exit makes remaining tokens more valuable.** Supply contracts. Staking rewards extend. Buy pressure grows.