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Reference

Glossary

One line per word.

One line per word. Each links to where it is explained in full.

Terms

Flock — The holders of $MYR, and the vault that moves where they point. See the flock.

Turn — The decision made every 30 minutes: weigh every compass, pick the heaviest target, buy it, check exits. See turns.

Compass — Your pointer on one eligible coin, backed by the $MYR you deposit; it stays until you move or clear it, and you can withdraw anytime. See the compass.

Weight — How much your compass counts on a turn: activeDeposit * rankMultiplier. See the compass.

Rank — Your standing from net successful calls, from Speck to Murmur, which multiplies your weight. See ranks.

Target — A coin a compass points at; to count, it must pass the eligibility rules.

Position — What the vault holds in one target after a turn buys it, until the exit rules close it. See the flock.

Take profit — At 2× of entry, the vault sells half of the position. See exits.

Stop — At −35% from entry, the vault sells the whole position. See exits.

Max hold — After 6 hours, the vault closes whatever is left of a position. See exits.

Caller — Whoever sends turn(); anyone can, and earns 0.1% of the turn size, capped at 0.01 ETH. See turns.

Vault — The flock vault: a team-controlled contract, funded by the treasury, that the owner can withdraw from at any time. See treasury and control.

Treasury — The team's multisig; it receives the 1% swap fee and controls the vault, and holders have no claim on it. See treasury and control.

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