{"version":1,"pages":[{"id":"MjUkjrSMYhrQnT5aRvPO","title":"Getting Started","pathname":"/","siteSpaceId":"sitesp_40YUk","description":"Leveraged ETH exposure without liquidation risk, volatility decay, or funding costs."},{"id":"87RPu3Rb83kEXxt8dLPj","title":"Start Here","pathname":"/guides/start-here","siteSpaceId":"sitesp_40YUk","description":"Choose your path — ETH Strategy serves different participants with different goals.","breadcrumbs":[{"label":"Guides"}]},{"id":"xOLfFtDWKJbJlBkFlN0l","title":"➤ STRAT Holders","pathname":"/guides/strat-holders","siteSpaceId":"sitesp_40YUk","description":"Guide for STRAT holders — leveraged ETH exposure, staking yield, and how the treasury backs your position.","breadcrumbs":[{"label":"Guides"}]},{"id":"3CBfAehX4pl20POa3vUd","title":"➤ Bond Buyers","pathname":"/guides/bond-buyers","siteSpaceId":"sitesp_40YUk","description":"Guide for bond buyers — convertible notes, CDT, NFT options, and the conversion/redemption lifecycle.","breadcrumbs":[{"label":"Guides"}]},{"id":"nOY81yvyr9pYhRqzyRL8","title":"➤ ESPN Depositors","pathname":"/guides/espn-depositors","siteSpaceId":"sitesp_40YUk","description":"Guide for ESPN depositors — earn yield from ETH volatility without directional exposure.","breadcrumbs":[{"label":"Guides"}]},{"id":"X9bejQLzVBgxvt2DWAnP","title":"➤ Borrowers","pathname":"/guides/borrowers","siteSpaceId":"sitesp_40YUk","description":"Guide for borrowers — access liquidity from your STRAT position without selling, at fixed rates with no liquidation during the term.","breadcrumbs":[{"label":"Guides"}]},{"id":"dx2GvIwygV8sarwEmWaJ","title":"➤ Developers","pathname":"/guides/developers","siteSpaceId":"sitesp_40YUk","description":"Guide for developers and integrators — build on ETH Strategy's tokens, contracts, and protocol interfaces.","breadcrumbs":[{"label":"Guides"}]},{"id":"5ODuedDPLQQYTnTZk1y8","title":"Start Learning","pathname":"/academy/start-learning","siteSpaceId":"sitesp_40YUk","description":"","breadcrumbs":[{"label":"Academy"}]},{"id":"ZqtmkypYoszsXo810Clt","title":"Staking & Liquid Staking","pathname":"/academy/staking-and-liquid-staking","siteSpaceId":"sitesp_40YUk","description":"","breadcrumbs":[{"label":"Academy"}]},{"id":"bnCFkAjdD3kXFUpBwJmM","title":"Leverage & Liquidation","pathname":"/academy/leverage-and-liquidation","siteSpaceId":"sitesp_40YUk","description":"","breadcrumbs":[{"label":"Academy"}]},{"id":"WpXX47OhFUwDQTjVS8Ti","title":"How Treasury Accumulation Works","pathname":"/academy/treasury-accumulation-model","siteSpaceId":"sitesp_40YUk","description":"","breadcrumbs":[{"label":"Academy"}]},{"id":"g27GmVXRfZRfjNxLHBQP","title":"Convertible Notes Explained","pathname":"/academy/convertible-notes-explained","siteSpaceId":"sitesp_40YUk","description":"","breadcrumbs":[{"label":"Academy"}]},{"id":"GUhs3pugd4UgCTQmJIbw","title":"What is ETH Strategy","pathname":"/introduction/what-is-eth-strategy","siteSpaceId":"sitesp_40YUk","description":"Why ETH Strategy exists, what it does, and the journey from idea to protocol.","breadcrumbs":[{"label":"Introduction"}]},{"id":"OeHfv0hqqtW2nQDeo8Xu","title":"Market Opportunity","pathname":"/introduction/market-opportunity","siteSpaceId":"sitesp_40YUk","description":"The markets ETH Strategy is building into — and why the gap between TradFi infrastructure and DeFi represents a generational opportunity.","breadcrumbs":[{"label":"Introduction"}]},{"id":"fRTj8IhnwtW0K4dGI9qx","title":"Protocol Overview","pathname":"/introduction/protocol-overview","siteSpaceId":"sitesp_40YUk","description":"How STRAT, esETH, and CDT fit together to create non-liquidatable leveraged ETH exposure.","breadcrumbs":[{"label":"Introduction"}]},{"id":"K5X7jb2e90ZfwyuQN8xv","title":"Token Routes","pathname":"/introduction/token-routes","siteSpaceId":"sitesp_40YUk","description":"How esETH, STRAT, CDT, and NFT Options flow through the protocol — every route, every user journey.","breadcrumbs":[{"label":"Introduction"}]},{"id":"b1LJdjZ7051P4U4wWXWq","title":"Live Now","pathname":"/introduction/live-now","siteSpaceId":"sitesp_40YUk","description":"What you can use today — ESPN vault, STRAT token, staking, and LP incentives.","breadcrumbs":[{"label":"Introduction"}]},{"id":"Mn8c9WFFLyM5diK9fr3S","title":"Upcoming Release","pathname":"/introduction/upcoming-release","siteSpaceId":"sitesp_40YUk","description":"What's coming next — permissionless bonding, on-chain staking, and note conversion.","breadcrumbs":[{"label":"Introduction"}]},{"id":"B3t3lpIsFCyXVPfkcPLd","title":"Roadmap","pathname":"/introduction/roadmap","siteSpaceId":"sitesp_40YUk","description":"Named phases from Genesis to the full protocol — where ETH Strategy has been and where it's going.","breadcrumbs":[{"label":"Introduction"}]},{"id":"iVAg4Unu0xvr3OFXPJIT","title":"esETH","pathname":"/core-mechanics/eseth","siteSpaceId":"sitesp_40YUk","description":"The non-rebasing 1:1 ETH-pegged wrapper that unifies multiple liquid staking tokens into a single denomination layer for the entire protocol.","breadcrumbs":[{"label":"Core Mechanics"}]},{"id":"wDMjYIHxZCWEMaOvCgeg","title":"STRAT Staking","pathname":"/core-mechanics/strat-staking","siteSpaceId":"sitesp_40YUk","description":"Stake STRAT to earn esETH yield — with 7-day reward streaming that prevents frontrunning and rewards long-term holders.","breadcrumbs":[{"label":"Core Mechanics"}]},{"id":"esXuW01lfN0K7Ou0GlZG","title":"CDT","pathname":"/core-mechanics/cdt","siteSpaceId":"sitesp_40YUk","description":"The fungible debt token that tracks what the protocol owes — and powers the conversion mechanism.","breadcrumbs":[{"label":"Core Mechanics"}]},{"id":"4rHmgYncp2Bu4OxJGIr7","title":"Treasury Lending","pathname":"/core-mechanics/treasury-lending","siteSpaceId":"sitesp_40YUk","description":"Borrow esETH against STRAT + CDT collateral — fixed-rate, fixed-term, with no liquidation risk during the loan.","breadcrumbs":[{"label":"Core Mechanics"}]},{"id":"JzraU5AGgkgg2iFTExaI","title":"Convertible Notes","pathname":"/core-mechanics/convertible-notes","siteSpaceId":"sitesp_40YUk","description":"Purchase USD-denominated convertible notes and receive composable debt and conversion rights — the engine of treasury growth.","breadcrumbs":[{"label":"Core Mechanics"}]},{"id":"RDAyT8ahSP8GeXP9gGGu","title":"Conversion of Notes","pathname":"/core-mechanics/conversion-of-notes","siteSpaceId":"sitesp_40YUk","description":"Two paths to exercise your convertible note — convert to STRAT or esETH before expiry, or redeem for USD notional after.","breadcrumbs":[{"label":"Core Mechanics"}]},{"id":"6pTnbm1N08kZywDuOp0c","title":"STRAT Economics","pathname":"/tokenomics/strat-economics","siteSpaceId":"sitesp_40YUk","description":"How STRAT accretes value — the implied option premium, treasury lending revenue, and supply constraints.","breadcrumbs":[{"label":"Tokenomics"}]},{"id":"7jvl8CpCV08GNjF8v19Z","title":"STRAT Presale","pathname":"/tokenomics/strat-presale","siteSpaceId":"sitesp_40YUk","description":"How the protocol was bootstrapped — presale terms, vesting, and the rage-quit window.","breadcrumbs":[{"label":"Tokenomics"}]},{"id":"DVKxpdjAlkGgvtzgXCPj","title":"MSTR Comparison","pathname":"/tokenomics/mstr-comparison","siteSpaceId":"sitesp_40YUk","description":"How ETH Strategy improves on MicroStrategy's convertible debt playbook in a composable DeFi environment.","breadcrumbs":[{"label":"Tokenomics"}]},{"id":"en1uO5SGbMt3cD18dpp5","title":"LST Comparison","pathname":"/tokenomics/lst-comparison","siteSpaceId":"sitesp_40YUk","description":"How esETH compares to stETH, rETH, cbETH, and weETH — and why a protocol needs its own denomination layer.","breadcrumbs":[{"label":"Tokenomics"}]},{"id":"nm4G5bWuooDa9nwKJuyz","title":"Yield Performance","pathname":"/tokenomics/yield-performance","siteSpaceId":"sitesp_40YUk","description":"Historical yield data for ETH Strategy's underlying sources and projected protocol returns. Updated quarterly.","breadcrumbs":[{"label":"Tokenomics"}]},{"id":"4aLERecXWhQT5UjjBm4t","title":"Governance & Alignment","pathname":"/governance-and-alignment","siteSpaceId":"sitesp_40YUk","description":"Who controls what, which parameters are tunable, and the path toward decentralization."},{"id":"dB6QcEQRnlhDcgyHD8Mr","title":"Quick Start","pathname":"/espn/quick-start","siteSpaceId":"sitesp_40YUk","description":"How to deposit, earn yield, and redeem from the ESPN vault.","breadcrumbs":[{"label":"ESPN"}]},{"id":"wmmJKU4wpJuV5w14G5vf","title":"About ESPN","pathname":"/espn/espn","siteSpaceId":"sitesp_40YUk","description":"The volatility trade, productized — earn yield from ETH options without directional exposure.","breadcrumbs":[{"label":"ESPN"}]},{"id":"zAQqhGlWdCEOzUhYZo2J","title":"Risks","pathname":"/espn/risks","siteSpaceId":"sitesp_40YUk","description":"Honest assessment of ESPN-specific risks — what can go wrong, and how the design mitigates it.","breadcrumbs":[{"label":"ESPN"}]},{"id":"wPn3X1YmWzmMeRgKrEHF","title":"Derive Options","pathname":"/espn/derive-options","siteSpaceId":"sitesp_40YUk","description":"How ESPN uses Derive to execute the covered call strategy under the hood.","breadcrumbs":[{"label":"ESPN"}]},{"id":"sGbnreKfVI1nBVzIbDzP","title":"Staking Incentives","pathname":"/espn/staking-incentives","siteSpaceId":"sitesp_40YUk","description":"Stake ESPN LP tokens to earn boosted yield — rewarding longer lock periods with higher returns.","breadcrumbs":[{"label":"ESPN"}]},{"id":"xMZZv6PScK09uzuvbxFA","title":"Risks","pathname":"/security-and-risk/risks","siteSpaceId":"sitesp_40YUk","description":"Honest assessment of protocol-wide risks with mitigations — not boilerplate disclaimers.","breadcrumbs":[{"label":"Security & Risk"}]},{"id":"JxbCWTXpdXwvMcXnEKQ1","title":"Defense in Depth","pathname":"/security-and-risk/defense-in-depth","siteSpaceId":"sitesp_40YUk","description":"How eight independent safety layers stack to protect every participant — from smart contract level to economic design.","breadcrumbs":[{"label":"Security & Risk"}]},{"id":"WbkiBW4557JmtJQC3PCB","title":"Audits","pathname":"/security-and-risk/audits","siteSpaceId":"sitesp_40YUk","description":"Security audits — what's been audited, by whom, and what's in progress.","breadcrumbs":[{"label":"Security & Risk"}]},{"id":"uzuow7xcCiiPkbk0OrGX","title":"Decentralization Scorecard","pathname":"/security-and-risk/decentralization-scorecard","siteSpaceId":"sitesp_40YUk","description":"Self-assessment of ETH Strategy's decentralization status — what's strong, what's in progress, and what's honestly centralized today.","breadcrumbs":[{"label":"Security & Risk"}]},{"id":"88Skr9YRfeI5yQjfsQWp","title":"Integration Guide","pathname":"/developers/integration-guide","siteSpaceId":"sitesp_40YUk","description":"Integrate esETH, STRAT, CDT, and StakedStrat into your protocol, wallet, or application — with opinionated guidance and working code.","breadcrumbs":[{"label":"Developers"}]},{"id":"KldKAPDMAVP1lxGfPW1F","title":"Contract Reference","pathname":"/developers/contract-reference","siteSpaceId":"sitesp_40YUk","description":"Complete API reference for every ETH Strategy smart contract — function signatures, parameters, return values, access control, and revert conditions.","breadcrumbs":[{"label":"Developers"}]},{"id":"tlx6JwBqcYHoeJCfIVAm","title":"AI Agents","pathname":"/developers/ai-agents","siteSpaceId":"sitesp_40YUk","description":"Structured protocol data and operational instructions for AI agents, LLMs, and autonomous systems interacting with ETH Strategy.","breadcrumbs":[{"label":"Developers"}]},{"id":"fFckTZ6lLeT5BNlakrPh","title":"In-App Education Panels","pathname":"/developers/in-app-panels","siteSpaceId":"sitesp_40YUk","description":"Contextual education content designed to be embedded directly in the app UI at each transaction point. Three cards per section, 2–3 sentences each.","breadcrumbs":[{"label":"Developers"}]},{"id":"n1XEQ5W2VINx8wHLoK3A","title":"Contracts","pathname":"/references/contracts","siteSpaceId":"sitesp_40YUk","description":"Deployed contract addresses for ETH Strategy on Ethereum mainnet and Derive chain.","breadcrumbs":[{"label":"References"}]},{"id":"7smnqbF3ToCoBVH6J4zQ","title":"LLMs.txt","pathname":"/references/llms","siteSpaceId":"sitesp_40YUk","description":"Machine-readable protocol documentation for AI models and agents.","breadcrumbs":[{"label":"References"}]},{"id":"aYwBCwHVMOScscb2jC8Z","title":"Links","pathname":"/references/links","siteSpaceId":"sitesp_40YUk","description":"Official channels, community links, and external resources.","breadcrumbs":[{"label":"References"}]}]}