Papers

Whetstone is a honing market. Each settled pass raises the Edge Share. The Draw Fee, the Edge Schedule, and the issue cannot be changed.

These pages are one idea each, in the order a Carrier meets them.

1. Overview — the promise in three sentences.
2. The parts — four things to understand.
3. Holding and trading — how a fill meets the Draw Fee.
4. What it can and cannot do — authority, listed plainly.
5. The pass in practice — two worked stretches.
6. Under the hood — why the rules hold.
7. Watching it work — how to verify on the explorer.
8. What cannot change — from softest to hardest.
9. Fees — one Draw Fee, a worked example.
10. Bench Note — the complete rules in prose.