This is a aouter accessory for dremel, with a guide.
Two rods help to maintain the guide, while a threaded rod is used to trim the distance of the router cut. The router is screwed to the dremel.
Please note that the photograph shows a smaller guide wheel than the actual one (I scaled it up after my print, for the ease of use).
Technical
The threaded rod is maintained on the router with a captive nut (8 mm ext. diam).
The two other rods are forcefully inserted in the guide.
A nut is placed between the wheel and its counter wheel; the two pieces are then glued together. Do not forget to place the guide between them before gluing. :)