Donut

Donut is a decentralized mining protocol on Base where users spend ETH to mine DONUT tokens. The protocol features a rotating "King Glazer" mechanism, automated difficulty adjustments, and a treasury system.

## Overview Donut is a decentralized mining protocol operating on the Base blockchain that introduces a novel approach to token distribution through a proof-of-work-inspired mechanism. Unlike traditional DeFi platforms that rely on liquidity pools or stake-based rewards, Donut allows users to spend ETH directly to mine DONUT tokens. The protocol combines computational difficulty mechanics with a unique governance structure called the "King Glazer" mechanism, creating a hybrid system that blends mining culture with DeFi incentives. The protocol exists to provide an alternative token acquisition