A fee hook on the HOOK/ETH pool takes a fee on every swap, lower on buys and higher on sells, and splits it three ways at rates fixed at launch: a reserve leg held in ETH by the treasury, a distribution leg that buys HOOK on the pool for stakers, and a burn leg that buys HOOK and retires it. Nothing here mints HOOK to pay anyone; a staked balance grows because the machine bought tokens on the open market with fee revenue and handed them over.

HookHook Capital Management runs $HOOK the way a fund runs a book: in public, by machinery. No committee sets the rate and no mint pays the stakers. The fee is taken inside the swap, and every figure on this terminal traces to a transaction.