Fusedwg 01 · the cord

$FUSE · Robinhood Chain (4663) · Uniswap v4

It burns when you stop.
Nothing else can stop it.

The cord loses one segment per block and any trade of the minimum size or more relights it to full. Run it out and the whole reserve buys $FUSE and sends it to the dead address, then a new cord is lit. Nothing is charged, nothing is closed, and nobody is paid for a relight or for the end.

Either one relights the cord. Direction does not matter.

When the cord runs out, the reserve buys $FUSE and sends it to the dead address. Nothing is taken from anybody.

0 blocks of cord left of 40 · the reserve waits at 0.00 · round 1

burned so far 0.00 · block 0 · last relight at block 0 · a swap of 5 or more relights, either way

This cord runs the rule on its own numbers, and its blocks slower than the chain's, so that you can read them. The real numbers are set at deploy.

How a round goes

Fig. 1 · One segment per block. The cord is a length in blocks, lit at full. Every block that goes by takes one segment, and nothing has to be called for that to happen; nothing can slow it either.
Fig. 2 · Any trade relights it. A buy or a sell of the minimum size or more sets the cord back to full in its own transaction. Direction does not matter, and every trade pays the same toll, a fixed share of its size, into the reserve.
Fig. 3 · At nought, the reserve burns. When the cord runs out the whole reserve buys $FUSE and sends it to the dead address, and a new cord is lit at full. Nothing is charged, nothing is closed, nobody is paid, and the round advances.

General notes

Six things written in the contracts at deployment. No function changes any of them, for anyone.

  1. The cord left is a pure function of the block number and the last relight, and no function extends it beyond full.
  2. The reserve leaves only as burned $FUSE, and in no other form.
  3. A relight is caused by a swap at or above the minimum, in either direction, and by nothing else.
  4. No address has any right over the reserve, and no address is paid for a relight, an end or a spark.
  5. The toll is the same for everyone at every moment, whatever the cord left.
  6. The cord length and the minimum size are fixed at deployment.

Every number is fixed at deployment and published in the law. The team keeps nothing.

Notes to the reader

Nothing bad happens at nought. No position is closed, no balance is touched, no address is charged. The word burn here means the reserve buys the token and sends it to the dead address, which is what it does everywhere else. The urgency on this sheet is the urgency of watching a counter, not of a deadline.

Somebody can hold the cord alive for ever. One swap at or above the minimum per cord length is enough, and it costs a toll every time. Every one of those tolls grows the reserve, so holding the cord open makes the eventual burn bigger. It is the only defence the design needs.

Somebody who wants the burn cannot arrange it. They can stop trading, but they cannot stop anybody else, and one address abstaining is not silence. The end requires the whole market to go quiet, which nobody arranges.

Long silences early are fine. In the first days the reserve is small and quiet is common, so the cord will run out often for very little. Everybody sees the mechanism work before it matters, which is good teaching.

Revisions

A round is one cord, from the block it was lit at to the block it ran out at. Each one that ended is a revision of this sheet, newest first.

RevRan out at blockLastedTradesBurned