bald is a Uniswap v4 hook that tracks leveraged ETH in real-time — no keeper, no funding rates, no liquidations. Every swap rebalances. Every dump funds the next buy.
On each trade, the hook reads the Chainlink ETH/USD feed and computes an oracle-implied target price for bald — the initial price scaled by 5× the ETH move. No keeper needed; the oracle is sampled continuously.
When the pool price is below the oracle target, selling bald widens the gap — so the hook charges a dynamic penalty proportional to how far below target the pool is. Buying is always at the base 1% fee. Fees flow directly to the treasury and fee recipient in WETH on every swap.
After each swap, if the pool is below target and the treasury has WETH, the hook executes a direct buy of bald inside the same transaction — pushing the price back up. The treasury self-funds from dynamic sell fees, creating a flywheel that rewards holders and punishes dumps.