Draw Fee
A fill leaves two percent. Nothing else is charged to hold or to send.
A honing market.
Each pass hones a stricter share.
Whetstone is a honing market that turns each settled pass into a stricter Edge Share.
Inside Whetstone.
There are four things to hold. The Draw Fee is two percent, taken on a fill. The Edge Schedule maps Pass Count to Edge Share and is written at construction. The Pass Count is the running tally of settlements, consulted on every transfer. Honed WHET leaves issue and cannot return to circulation.
150,000 WHETcomplete issue, on the Trade Floor at launch
2%Draw Fee on each trade
0setters on the fee, the schedule, or the issue
How a pass works.
Edge Schedule
The transfer reads the Pass Count and looks up the current Edge Share. That map cannot be reset.
Honed WHET
The Edge Share of the Draw Fee leaves issue. An older floor hones more of every trade than a young one.
Pass Count
The count steps forward by one. The next transfer reads a number that is never smaller.
What a Carrier can expect.
A Carrier holds an issue that hones more strictly as the Trade Floor is used. The Edge Schedule can be read from block one. The deployer is without power to shift a balance, pause the floor, or reissue Honed WHET.
Asked of the bench.
What does a Carrier need to keep WHET?
A wallet that already holds ETH-priced assets on Ethereum. WHET adds no extra tool.
What keeps the Draw Fee sealed?
Two percent is bytecode. No function edits the take.
Can the Edge Schedule be skipped, reset, or timed?
Every completed transfer consults the Pass Count and applies the current Edge Share. Skip is not available, and reset is not available.
Where does Honed WHET go?
Out of issue, in the action that applies the Edge Share. It has no vault and no return.
Can the deployer shift a Carrier's balance or halt the Trade Floor?
No. Balance power, pause power, and reissue power are absent.
What happens when no trade occurs?
The Pass Count holds still. The Edge Share holds still. Nothing is honed. The next fill consults the same Pass Count.
Where does WHET trade?
Fills occur on Uniswap v4, with ETH as quote, on Ethereum.
Where is the contract?
A marked slot across this property shows the address at go-live, selectable and linked to the explorer.
Read the rules. The complete account of the Draw Fee, the Edge Schedule, the Pass Count, and Honed WHET.
Open the rulesWhetstone
The Edge Schedule has no setter.