Skip to main content

Smart Contract Overview

Hokusai's smart contract system is modular, designed to support decentralized AI model development and tokenization. Here's a simplified flow:

Key Components​

Core Contracts​

  • HokusaiToken (ERC20): Model-specific token, earned via performance gains
  • HokusaiParams: Per-model parameters including infrastructureAccrualBps
  • TokenManager: Issues tokens, handles mint/burn logic, distributes rewards
  • DeltaOneVerifier: Validates performance improvements off-chain, triggers minting
  • ModelRegistry: Maps model IDs to token addresses

AMM & Trading​

  • HokusaiAMM: CRR bonding curve for buying/selling tokens with USDC
  • HokusaiAMMFactory: Deploys new AMM pools for each model
  • UsageFeeRouter: Routes API fees based on per-model parameters
  • InfrastructureReserve: Holds infrastructure cost accruals, pays providers

Access Control​

  • ModelAccessController: Enforces access control and fee collection for model usage
  • Governance: Token holder voting on parameters (including infrastructure accrual rate)

Key Features​

Seven-Day Launch Period​

  • Each model token starts with buy-only period (Days 0-6)
  • Full trading enabled after Day 7
  • Prevents manipulation and enables fair price discovery

Infrastructure Cost Accrual​

  • Each model has a configurable infrastructureAccrualBps (50-100%)
  • Infrastructure portion accrues in InfrastructureReserve contract
  • Providers paid manually with on-chain invoice tracking
  • Governance can adjust rates as actual costs become clearer

Profit Share to AMM​

  • Residual after infrastructure (0-50%) flows to AMM USDC reserves
  • Increases reserve without minting tokens
  • Raises spot price: P = R / (w × S)
  • Token holders benefit from genuine profit, not gross revenue
Last updated on