Mine Wells.
Earn OIL.

Bitcoin-style halvings meet Dutch auctions. The first sustainable mining protocol on Fogo.

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<1s
Block Time
$0
Gas Fees
100%
On-Chain
28d
Halving

WHY OIL?

Built for sustainability, designed for operators. Here's what makes our protocol different.

Bitcoin-Style Halvings

Mining rates halve every 28 days. Early operators earn 16× more than latecomers, creating exponential scarcity over time.

Completely Gasless

Powered by Fogo Sessions. No native tokens required. Just connect and mine - your transaction fees are covered.

Real Rewards

Earn $OIL by operating wells and deploying to the grid. Stake to earn yield and participate in protocol governance.

Fully On-Chain

Every bid, claim, and deployment is recorded on chain. Your progress and rewards are verifiable and permanent.

Fogo Sessions

Sign once, mine for hours. No transaction popups interrupting your flow - seamless mining experience.

Dutch Auctions

Well prices start high and decay linearly. Bid strategically to secure the best wells at optimal prices.

HOW IT WORKS

Four simple steps to start earning OIL.

1

Connect Your Wallet

Link any Solana wallet. No signup, no email - just connect and you're ready to mine.

2

Bid on Wells

Choose from four well tiers (Seep, Flow, Gusher, Blowout) with different mining rates. Bid Fogo to become the operator and start mining OIL immediately.

3

Deploy to Grid

Deploy Fogo to squares on the 5×5 mining grid. Each round, one square wins and distributes OIL rewards proportionally based on deployment amounts.

4

Claim & Stake

Claim your OIL rewards and FOGO returns. Stake OIL to earn yield from protocol revenue (3% of auction bids) and participate in governance.

TOKENOMICS

A dual-token economy combining Bitcoin-style halvings with Dutch auction mechanics.

OIL

$OIL Token

The Reward Token

Earn $OIL by operating wells and deploying to the grid. Mining rates halve every 28 days, creating exponential scarcity.

  • •Fixed per-second mining rates
  • •28-day halving cycles
  • •Stake to earn yield
Fogo

Fogo

The Payment Token

Used to bid on wells, deploy to the mining grid, and pay for all protocol operations. Fogo is the native currency of the Fogo network.

  • •Dutch auction mechanics
  • •Grid deployment currency
  • •86% returned on outbid
OIL

READY TO START MINING?

Join operators earning $OIL tokens on Fogo. Your next well is waiting.

DIVE DEEPER

Learn how the economy works and track live protocol statistics.

Tokenomics Guide

Complete Protocol Guide

Understand how $OIL tokens flow through the ecosystem. Learn about halvings, Dutch auctions, well tiers, grid deployment, and strategies.

Live Statistics

Real-Time Analytics

Track the pulse of OIL in real-time. See total OIL mined, active operators, token circulation, and protocol activity.