Rounds

open round rounds paid total paid SOL

Open round

opened at slot

opened by

fills

volume SOL

entrants

ranked

cuts

next cut at

vault SOL

pool line

to line

field mean

Cuts in the open round

cut	slot	signature	volume at cut	field mean	leader	leader score	tenth	tenth score

A cut is a standings snapshot taken the moment round volume crosses the next multiple of the cut volume. Cuts do not pay and do not eliminate. They exist so the board has a history: anyone can see who was where at every point of the round, from the chain, not from a screenshot.

Cut ladder

Closed rounds

round	opened slot	closed slot	close signature	volume SOL	fills	entrants	pool SOL	payout

A round closes when the vault crosses the pool line at the close of a fill. The payout buys the coin with the entire vault and sends the tokens to the top ten. The next fill opens the next round at zero. There is no clock anywhere in this. A round can last a minute or a month. It is decided by fees, which are decided by trading.