What is Blackhaven?
Blackhaven is the treasury-powered liquidity engine built to protect capital, deepen liquidity, and convert idle assets into high-efficiency on-chain value.
At its core, Blackhaven is a reserve-backed digital asset treasury designed to grow perpetually. It compounds value for participants, captures yield from the MegaETH execution layer, and channels that value back into the ecosystem.
Blackhaven serves two audiences:
- Risk-averse users get protected exposure to MegaETH with yields and rewards.
- DeFi-native users get access to structured products and game-theoretic strategies with asymmetric payoff potential.
The system is built on three components:
- HPN (Haven Protected Notes) - principal-protected MegaETH exposure.
- Bonds - fixed-term instruments that build protocol-owned liquidity.
- PCB (Premium Capture Band) - a mechanism that captures premium for the treasury.
Each piece feeds the next, forming a self-sustaining treasury engine.
Blackhaven captures value directly from MegaETH by bidding on sequencer-adjacent floorspace at the execution layer. That value is cycled back through the treasury, compounding rewards while strengthening liquidity for the entire MegaETH ecosystem.