Earn
Supply the maker vault that quotes the venue's books, or one of the three house reserves that take the other side of Range, Parlay and Boost.
Earn has four tabs — Maker, Range, Parlay, Boost — and its head names what each earns: "Earn the spread". Each is a contract you supply pathUSD to for shares; each says what it holds against and how a supplier loses money. None shows an APY.
| Tab | Contract | Earns the | Where the money goes |
|---|---|---|---|
| Maker | MarketMakerVault | spread | It quotes both sides of the crypto Windows with its suppliers' cash and earns the gap between them. |
| Range | RangeReserve | margin | It is the counterparty to every Range and Moonshot round and locks the payout until the closing print. |
| Parlay | ParlayReserve | edge | It keeps the stake when a ticket misses a leg and pays in full when one hits them all. |
| Boost | LeverageReserve | premium | It fronts the rest of a boosted position and takes a premium up front. |
Supply and withdraw
The action card sits beside the reserve's card, inside the first screen; on a phone a Supply · Withdraw dock follows you down.
- Supply is one passkey confirmation from your account, never fee-sponsored. Shares start at 1.0000; the card shows the share price against it.
- Withdraw takes any part of what is idle; Max takes all of it. What is deployed on live Windows, or locked behind live tickets and boosts, comes back as they settle.
- Your position: worth now, what you put in, realized — money paid back above cost — and on paper at today's share price.
- An admin may pause new supply. Settlement, merges and withdrawals keep running.
Where the capital is
On Maker, a bar splits the vault's capital by asset, deployed and idle, over its Windows — Live and Settled — each with its inventory, its book, and Merge or Settle when one is due. On the reserves, a bar shows what is free and what is locked or fronted, with the slots in use and the bounds below.
What bounds the risk
The bounds are the deployed contracts' own parameters, and the tab reads them live. At deployment:
| Contract | A few of its bounds |
|---|---|
| Maker vault | At most 60 % of capital deployed, $200 on one Window, 8 Windows at once, quotes between 5¢ and 95¢ with at least a 2¢ spread, none in a Window's last 45 s |
| RangeReserve | A 12 % margin, payouts up to $500, its own volatility for BTC, ETH and SOL and the fair-value guard's for every other Series |
| ParlayReserve | Up to 3 legs, payouts up to $500, legs within 5¢ of the fair-value model |
| LeverageReserve | Up to 3×, a premium of 8 % of what it fronts, at most $200 fronted per position |
Who quotes the vault
The ops earn-quoter holds the vault's maker role. It quotes the live crypto Windows — each Series' newest two, 5, 15 and 60 minutes — on the fair-value guard's model at the signed spot, at most 8 at once, and settles closed Windows. With no maker set, the tab says Maker off. Range, Moonshot and Parlay price against the depth the books hold.
Seen live
On 29 September a supplier put $50 into the vault on Moderato at 1.000 a share. The vault quoted a five-minute Window, both sides were hit and merged at par by a taker, the Window was settled by anyone, and the supplier withdrew half the shares at 1.0024 (evidence).