RAILX@raildesk_CAsoon
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RAIL · Robinhood Chain

Post. Quote. Settle.

One contract for trades that don't fit in a pool. A taker posts a block, makers quote sealed with a bond, the best revealed price fills the whole block in a single transaction. Fee 0.10%, bond 0.50% of limit notional with a 25.00 USDG floor.

Open blocks
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Total blocks
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Status
PENDING
desk/post
TAKERDESKESCROW · HELD UNTIL SETTLE

Post a block

Pick a stock token, a side, a size and a limit. Set the seal and reveal windows. The escrow moves into the desk when you post, and comes back if nobody quotes.

Open post ↗
desk/blocks
PRICESALTHNOBODY READS THE PRICE UNTIL REVEAL

Quote a block

Browse open blocks, commit a sealed price with a bond in USDG, reveal it in the window. Re-quote for free while the seal is open.

Open blocks ↗Vault
desk/blocks
ONE TRANSACTIONBASEUSDGSETTLE IS PERMISSIONLESS

Settle and refund

Anyone can settle once the reveal window closes or every maker has revealed. Losing makers reclaim deposits; ledger balances are withdrawn from the same page.

Open blocks ↗
desk/vault
DESKREFUND()REFUND()LEDGER · WITHDRAW()NOTHING STAYS IN THE DESK

Salt vault

Every commit stores its salt here, in this browser only. Export after each commit. Lose the salt, lose the bond.

Open vault ↗
How the desk fits together

Post escrows the block. A SELL block holds the base amount; a BUY block holds USDG at the limit plus the fee. Cancel is free until a maker commits.

Quote is a hash of the price and a salt plus a bond in USDG. Nobody reads a price during the seal. Reveal returns the bond and, inside the limit, locks the counter-asset.

Settle is permissionless. Highest bid on a SELL, lowest ask on a BUY, ties to the earlier reveal. Bonds of makers who never reveal go to the taker.

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