Is this custody?
No. Your ZCAT stays in your wallet the whole time. The only thing you approve is a delegation on your ZEC account, and the program can use it for one thing: the 2% fee to its fee vault, and the rest buying you ZCAT.
What exactly am I approving?
A standard SPL token “approve” on your ZEC token account, with the Vawlt's authority address as delegate: 5KidageboH5LYxQb4cDk4j94eChA6sieRYydoC8uUniX, an address derived from the program that nobody holds a key for. Your wallet will warn that the allowance is unlimited; that is so it never needs re-approving. It covers ZEC in that account only, including any ZEC already sitting there.
What is the protected floor?
A ZEC amount the Slawth never dips below. It starts at whatever you held when you delegated, so only new payouts get compounded. It is manual on purpose: nothing lowers it automatically, so no bug and no bad guess can eat into ZEC you meant to keep.
I hold ZEC I don't want compounded. What then?
Set your floor. Raise it to shield more, lower it to release some, set it to your balance to pause without revoking. The change is one transaction you sign in the app; the Slawth and the team have no way to move it.
Can the team take my ZEC?
Not through the program. The delegate is a program-derived address that no person holds a key for, and the only code path that uses it hard-codes two destinations: the fee vault for the 2%, and your own ZCAT account for the rest. The one residual trust is the upgrade key, which we still hold: it can replace the program with a different one. The audits page says so plainly.
Why 2%?
It is sized to cover the gas the Slawth pays on every Snooze, with room to spare. The fees themselves go to the $SLAWTH burn: they are swept into a buyback wallet that buys $SLAWTH and burns it. It is taken from the ZEC being compounded, never from your ZCAT.
Why is the fee so low?
Because the Slawth does one cheap thing, a swap, and pays for it itself. 2% of the yield covers the gas with room to spare. There is no custody vault to maintain, no deposit or withdrawal fee, and no fee on principal, ever.
Does it work for tokens other than ZCAT?
Yes, and dozens already do. Any StonkFun reward token that pays out another token can be added as a market with one transaction and no new contract; the pairs page lists every one that is live, and the app compounds them all on the same terms.
What if I revoke mid-cycle?
Compounding stops immediately. Any ZEC already in your wallet stays yours. Nothing is in flight between rounds; each Snooze is a single atomic transaction.
Why not just do this myself?
You can. Selling dust amounts of ZEC every hour by hand is tedious and costs gas each time. The Slawth times it so the fee covers the cost, pays that cost itself, and never forgets.
Is there a $SLAWTH token?
Yes, launched on StonkFun and paired with STONK: 5ZfFmbHzXuhw17e73NGZSHwiyULmybb4azTXCH4U8sDw, the one official address, shown on the front page with its listing. It is a market on the Vawlt like any other, so the Slawth compounds it on the same terms. The fees the Vawlt collects buy $SLAWTH and burn it, and every burn is listed on the burn page with its transaction.
Is this financial advice?
No. It is a tool that automates a swap you could do yourself. ZCAT and ZEC can lose value, and payouts can stop.