Rules/House rules
House rules
These are product constraints, not marketing copy. If a fill fails a rule, the trade still exists. The marker does not.
Constraints
| Rule | What happens |
|---|---|
| No email account | The address that signs SIWE is the account. There is no password and no recovery inbox. |
| Same wallet only | A USDG claim pays the session address. The vault rejects every other recipient. |
| One hash, once | A (tx, chain) pair books at most one marker. Re-import and retry do not write a second row. |
| No fill below $200 | The trade settles on-chain. The marker does not post on its own and is never backfilled. |
| No second balance | Owed, USDG, and compute are three lines of one book. Convert moves value at 1:1. |
| Key shown once | The plaintext owed_ key is never stored. Leave the page and you mint a new one. |
| No refund on revoke | Revoking a compute key blocks it immediately. Unused cap does not return as owed balance. |
| Paper fills stay local | Practice rows exist only behind a development switch, and that switch is rejected in production. |
Holds
A round-trip wash — A → B → A on the same wallet inside 60 minutes — still executes on-chain. The marker can be held for review. Release posts it at the original rate; reject does not pay. The row stays visible with the hold reason attached either way.
Over the daily cap, a fill stays visible and unpaid. The desk does not roll unused room into the next UTC day as extra credit, and it does not roll an unpaid fill forward to be paid tomorrow.
What can change, and what cannot
- Can change: the floor, the rate, the daily room, the per-claim cap, and the cooldown. Changes are published on published numbers before they take effect.
- Cannot change: a marker that already posted. It keeps the rate it was booked at, forever.
- Cannot change: the destination of a settlement. It is the address that signed, enforced by the vault, not by the app.
- Cannot change: total $OWED supply. There is no mint function to call.
The difference between a rule and a promise is who enforces it. Everything in the “cannot change” list above is enforced by a contract you can read on contracts.
What a marker is not
- Not a deposit. The desk is not holding your principal.
- Not a security. It pays no yield and grants no claim on the treasury.
- Not a token. It is a dollar figure on a book, settleable on two rails.
- Not transferable. A marker belongs to the address that earned it and cannot be assigned to another.