seesawBuy the dips.
Sell the rips.
Pick a Stock Token and a price range. Seesaw splits it into steps that buy every dip and sell every rise inside it, again and again, on chain, at Chainlink prices.
Stocks that swing
A seesaw earns when a price moves up and down inside its range. Today's moves from the pools, prices from Chainlink. Pick one to build.
| Stock | Price | 24h | ||
|---|---|---|---|---|
Loading prices… | ||||
Four steps, then it runs
You set it once. The keeper checks every few minutes and fills whatever step the price reached.
Pick a stock and a range
Any of the 27 Stock Tokens. A low and a high around today's price, for example ±6%.
Split it into steps
2 to 24 steps with the same USDG each. Steps above the price start holding the stock, the rest hold USDG.
Dips buy, rises sell
When Chainlink falls to a step's floor, it buys. When it climbs to the step's top, it sells. Each step flips back and forth.
Close any time
One call returns every share and dollar in the seesaw as they are. No sale needed.
Seesaw vs watching the chart
| By hand | Seesaw | |
|---|---|---|
| Catching a dip at 3am | You sleep through it | Filled within minutes |
| Selling the bounce | Greed or fear decides | The step's top decides |
| Fill price | Whatever the pool says | Within 1.5% of Chainlink or no fill |
| Gas and ETH | Every trade, your wallet | $0.03 USDG per fill, from the step |
| Getting out | Sell each lot | One call, everything in kind |
What can and cannot happen
The book is small and its limits are hard coded. It is unaudited; size accordingly.
Chainlink sets the trigger
Steps fill on the Chainlink price, never on a pool that someone pushed. The swap must land within 1.5% of it or it reverts and waits.
A breakout leaves you holding
If the price falls under the range, every step ends up holding the stock. Above it, every step holds USDG. A seesaw earns inside the range only.
Nobody else can close yours
The book owner tunes fees inside caps. There is no function that sends a seesaw's tokens anywhere but to its owner.
Questions
How much does a step earn?
One round trip earns the step's spread (range width ÷ steps) minus the pool fee, the $0.03 run fee and 0.1%. A ±6% range in 8 steps is 1.5% a step.
Who runs the steps?
Seesaw's keeper checks every open seesaw every few minutes. Anyone else can run a due step too and earn the $0.03.
Can I change the range?
Close it and open a new one. Closing hands back everything in kind, so nothing is sold to do it.
Weekends?
Stock feeds pause when markets close. Steps wait for the next session.