SOLERA $SOLERA copied

the cask

the candle will not tell you.

last pour — no pour yet
cycle — the cellar does not say when it ends
your weight — connect a wallet
your unclaimed glasses —  
spill (sell)

 

  1. Every swap of $SOLERA, either direction, pays 1.5% into the cask, in the paired asset. Trading is the entire economy. There is no treasury and no other source.
  2. Fees enter criadera 2, cascade to criadera 1, then to the solera. Only the solera ever pours.
  3. A pour draws one third of the solera. Each tier above cascades the same third downward. The cask never empties.
  4. Two percent of every pour is la parte de los ángeles: bought and burned. It is the only thing that ever leaves supply.
  5. A wallet's share of a pour is its balance times the minutes it has sat unmoved. Any outbound movement, sell or transfer, spills the whole wallet: its clock returns to zero.
  6. Size does not rescue lateness. A wallet that arrives a minute before a pour holds one minute of weight, whatever it holds.
  7. Splitting a wallet changes nothing. The clock is per wallet, and it resets whole.
  8. Cycles last between 30 and 120 minutes, drawn from a seed fixed at launch. The sequence is arithmetic from launch; the candle still refuses to show it.
  9. Anyone may pour once a cycle has ended. The caller keeps 0.25% of the pour.
  10. Pours are drawn, not sent. A wallet touched after a pour forfeits that pour. A glass left standing twelve cycles is poured back: unclaimed wine returns to the cask.
  11. Money that arrives later pays the people already here. That is ponzinomics; the sentence is printed on the front page, not behind a roadmap.
  12. No keys. No admin. No upgrade. The whole supply went into the pool at launch and the position was burned.
weight 
w_i(T) = b_i · (T − t_reset,i)
W(T)   = Σ w_i = B·T − Σ b_i·t_reset,i        B = Σ b_i, pool excluded
payout_i = net · w_i / W(T_pour)
lemma 1 — size does not rescue lateness 
a wallet of any size q, arriving τ minutes before a pour:
w ≤ q·τ  →  0  as  τ → 0
proof: the weight has two factors. τ is one of them.  □
lemma 2 — mitosis changes nothing 
split b at time s into b₁ + b₂. the transfer is outbound: both clocks read s.
w₁ + w₂ = (b₁+b₂)(T−s) = b·(T−s) ≤ b·(T−t_reset)
proof: the clock is per wallet, and it resets whole.  □
the cascade, per pour, D = 1/3 
P       = solera · D
solera ← solera − P        + c1 · D
c1     ← c1     − c1 · D   + c2 · D
c2     ← c2     − c2 · D   (+ fresh fees, φ = 1.5% of volume)

angels = P · 2%     keeper = P · 0.25%     net = P − angels − keeper
L_n    = 30 min + (keccak(SEED, n) mod 90 min)
SEED   = keccak(launch blockhash, cellar)  — fixed at launch, arithmetic from then on
consequences 
with F the fees a cycle collects, and the glasses drawn:
  at the moment of a pour every tier → 3·F, and the pour itself → F.
same mean as tipping the whole barrel; a third of the variance.
the solera is a geometric blend of every past cycle: early volume echoes forever.
if volume dies, pours shrink by 2/3 a cycle and reach zero in no finite time.
left undrawn, the wine returns after twelve cycles and the cask lasts longer still.
nºtimegross pourangel's sharekeepertx

older pours are on the chain, not on the wall.