Elevator
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Greetings!

Our X account was just wrongly suspended. We are working to get it back.

This typically happens when there's a large influx of interaction.

Also, our website now seems to have a chrome warning. This has also been appealed.
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We expect to have control of our socials and website back in a few short hours.

Hang tight!
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We're still working on handling the situation with our socials.
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In other news, Curve Mining rewards are still live and being earned onchain:

- 88 ELE distributed to miners
- 19.411503 ELE claimed by 3 wallets across 4 claims
- 68.588497 ELE currently claimable by 5 wallets across 6 positions

Largest claimed: [12.693583 ELE](https://robinhoodchain.blockscout.com/address/0x7345BFbe5f996cBacB15794fE7891fc91A4C662e)

Largest pending: [53.423972 ELE](https://robinhoodchain.blockscout.com/address/0x531E3B0cAF7a9f82d0C0D68966268D97c5e079EE)

The accounting reconciles exactly: 88 distributed = 19.411503 claimed + 68.588497 remaining.

[View the mining contract](https://robinhoodchain.blockscout.com/address/0x3fA8cfeCB2e0481e66B027A4470e3F68D469DD3a)
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Update: Our website is back online and fully functional.

We’re still working on restoring our X account.

The beautiful design of Elevator allows it to continue permissionlessly regardless.

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If X does not return our twitter soon, we will create a new one and continue as normal.
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Elevator Mining Snapshot

170 mining positions have been created by 66 wallets.

5,014.19 $ELE ($26,354.58) is currently deposited across 70 open positions. Of those, 25 positions held by 14 wallets are active.

220 ELE has been allocated to miners:

- 41.86 $ELE claimed
- 0.21 $ELE paid through exits
- 177.93 $ELE currently claimable across 22 positions held by 12 wallets

The reward accounting reconciles exactly: 220 $ELE allocated, 42.07 $ELE paid out, and 177.93 $ELE remaining.
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The Elevator Protocol just bought back 0.1 ETH from reserves.

52.09 ELE was acquired onchain and moved into protocol compression inventory at an average price of 0.00192 ETH per ELE.

It uses the designated protocol pool to autonomously buy back $ELE, when specific conditions are met and verified by the hook, on the back of any txn that uses enough gas.

View transaction (https://robinhoodchain.blockscout.com/tx/0x3bea7ac064684257de4c0a4ff539cf532737f04647c9375ca3fac076548d4287)
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Community socials are being established to bridge communications and continue as normal while we await our suspensions to be lifted on the main X.

This is only a side account, not the new main one. We don't anticipate this one being taken down as well, given the reason for the earlier suspension was due to "Google Safe Browsing" applying a warning on our site. This warning has since been resolved, but X has a painfully slow appeal process.

https://x.com/elevatorcommx

https://x.com/i/communities/2015448891500679177
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We will update the X link on Dexscreener for now, as to not confuse anyone.
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Since the original buyback we showcased, three new autonomous buybacks occurred:

- 0.3 WETH spent total
- 202.9591 ELE acquired
- Latest: 0.1 WETH bought 103.0978 ELE at 5:45 PM ET

All were executed by the protocol hook. The buyback reserve currently holds 2.0558 WETH.

Latest transaction: https://robinhoodchain.blockscout.com/tx/0x86a29a0bbc460f01d461ec25bae852c516ecd818de155b727e8eec500f4081f4

New tweet:
https://x.com/elevatorcommx/status/2084400239188844591
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请务必了解如何正确挖取 $ELE。

我们之所以反复强调这一点,是因为我们发现许多参与者似乎入场太晚了:如果将资产质押在协议当前并未向其分配产出的层级(floor)上,是无法获得任何奖励的。

🙂

https://x.com/elevatorcommx/status/2084430633800011826
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During compression phases of $ELE, the ElevatorHook informs the protocol on what to do, completely autonomously.

Normal swaps power the protocol to execute various actions according to what the current floor is, and what state the protocol is in.

For the past few hours, Elevator has been buying back cheap $ELE in preparation for the next leg.

https://x.com/elevatorcommx/status/2085107433395945911
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