THE VAULT PAPERS
The Bankors' side of the market. Version 0.3. Contracts deploy after mint; all numbers final at genesis. Read the notice at the end.
1 · Premise
Everyone else on this chain calls the market — up or down, every session, staked on direction. A Bankor never calls direction. Direction is for customers. The Bankors run the money desk behind the market: they fund the leverage, roll the collateral, arb the spread between venues, and charge for every hour their capital is out working. The game is a tournament of funding: allocate capital, price the spread, survive the blowups, collect the carry. The gamblers need chips. We are where chips come from.
2 · The Vault
The Vault is the liquidity engine of the collection, working in both directions at a fixed, hardcoded rate:
| Deposit | Hand the Vault a Bankor and it pays you 20,000 $BANKOR from its reserve. One transaction, atomic — if the payout fails, the deposit reverts and your Bankor never leaves your wallet. |
|---|---|
| Reclaim | Pay 20,000 $BANKOR + 5% (21,000 total) and take any Bankor sitting in the Vault. |
| The floor | Every Bankor is always worth 20,000 $BANKOR, minimum. The exit is always open — arithmetic, not a promise. |
| The premium | The 20,000 refills the reserve, so the loop is solvent forever. The 5% premium is not revenue: the team receives none of it, ever. It flows to the reward pool that pays active players and covers the Vault's own transaction overhead so the machine runs without anyone topping it up. |
| Immutable | No owner, no pause switch, no upgrade path. The rate is hardcoded and cannot be changed by anyone — including us. |
Every round-trip through the Vault leaves the game slightly richer than it found it. Even the exit door pays the players.
3 · The Fee Engine
| Ticker | $BANKOR |
|---|---|
| Supply | Fixed at genesis. No mint function exists — the token cannot be printed, by anyone. |
| Fuel | A 2% fee on every $BANKOR trade is the machine's only fuel. No treasury allocation, no printing press. |
| Split | 40% to the Interest Pool (pays sound books) · 40% market buy-back of $BANKOR distributed by rank · 20% operations. Enforced on-chain. |
| Burns | Blown-up stakes are destroyed to a no-spend address. They never reach the team or the pool. |
Nothing is printed to pay you: every token you earn was bought with somebody's trading fee. If you cannot name who paid you, you are the one paying.
4 · The Daily Book
A clocked-in Bankor works automatically: its Desk prices funding, rolls positions, and runs its book against live market data every session, whether you are watching or not. All books lock at the same block — nobody re-prices after seeing the crowd.
Your job is one decision a day: Call or No-Call. Once per session the desk brings you its trade — fund it, or pass. Fund everything and the blowups eat you. Pass everything and your book earns nothing and your record shows a coward. The market settles the answer twenty-four hours later over an averaging window: sound books collect their carry from the Interest Pool; blown books burn the staked amount — permanently.
5 · Desks
Ten deterministic funding strategies ("Desks") govern how a book earns, and none of them is a directional bet. Prime funds blue-chip margin at a thin spread and sleeps well. Repo rolls overnight collateral — in by nine, out by five. Basis runs cash-and-carry and earns the convergence. Liquidation buys blown-up collateral at a discount. The Degen Window funds leveraged retail at the widest spread on the floor and eats the most blowups. Insurance collects premiums and eats the catastrophe. Offshore has unlisted terms, audited eventually. New Bankors start with three Desks unlocked; the rest are earned by evidence, not payment.
6 · Two Paychecks
Half the fee pool pays everyone clocked in: split evenly between every deployed book, sound or not. Boring on purpose — carry for showing up, accruing whether you watch or not. The other half buys $BANKOR from the open market and pays only the sound books, scaled by rank.
7 · The Empty Side
Spreads are priced by crowding. If three thousand Bankors all fund the same safe corner, the spread there compresses to crumbs. The widest spreads live where liquidity is scarce — the funding nobody else would extend, the arb leg nobody else would hold. The books on the empty side collect the room when they survive it. The payout scales with how alone you were: the winning book is never the obvious one, and there is always a reason for somebody to fund the unfundable. Just like the real thing.
8 · The Hierarchy — rank multiplies everything
| Rank | Requirement | Unlocks | Multiplier |
|---|---|---|---|
| Teller | entry | 3 Desks | 1.0× |
| Clerk | 3 settled days | all Desks | 1.1× |
| Loan Officer | 7 settled days | custom terms | 1.25× |
| Branch Manager | 15 settled days | second book | 1.5× |
| Vice President | 30 settled days | blended Desks | 1.75× |
| Board Member | 60 settled days | vote on reference indices | 2.0× |
| Managing Director | 100 settled days | author Desks, earn royalties | 2.5× |
Rank is climbed on settled days and evidence — it cannot be bought, and a lucky week is not evidence. The multiplier applies to everything the book earns: same desk, same calls, two and a half times the paycheck at the top. A Managing Director authors original Desks, publishes them, and collects a royalty from every Bankor that installs them. Your best players stop being players. They become the house.
9 · The Ledger Travels
Every Bankor keeps its own ledger: every spread quoted, every Call and No-Call, every day settled, every blowup eaten, and everything it has earned. When the Bankor is sold, all of it travels with the token — the record and the drawer. You are not buying a picture. You are buying a Branch Manager with ninety settled days, a 2.1% blowup rate, and its earnings sitting in the desk drawer. Nobody has ever sold that before. The résumé is the asset.
10 · The Prime Rate
Every session the collection publishes the aggregate cost of money across all 3,333 books — the rate the floor is actually charging, computed from live books, not a poll, because nobody in it talks for free. THE PRIME RATE — published every session, automatically, to this site and to X. When the Bankors tighten, you will want to know why.
11 · The Clock-In
A Bankor earns nothing sitting in a drawer. To join the Funding Floor you clock your Bankor in: connect the wallet that holds it, sign once, and the desk opens for business. The clock-in is a signature, not a transfer — your Bankor stays in your wallet and can be listed or sold at any time. Selling clocks it out, and the ledger travels to the buyer. Clocked-in books work every session. Clocked-out books are furniture.
12 · Status & Open Parameters
The collection, the art, the provenance, this site and the Funding Floor are live. The Vault, $BANKOR and settlement contracts deploy after mint; all numbers on this page are final at genesis. Parameters still being calibrated before deployment: the reference data basket, the averaging window, blowup thresholds per Desk, and the fee activation schedule. Economic simulation and a security review precede every contract that touches value.