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Keep the pile.

House book · Solana perps · unaudited

Park USDC.The book works.You leave.

Near delta-neutral intent on Solana perps. Funding when shorts are paid. Inventory cut in trend. The operator cannot withdraw. Every fill and every refusal is a public receipt.

Open the desk
BOOK_ONEmarked · not a rate
net delta
$12.40

±20

gross
$61

cap 100

funding 7d
0

USDC-d

refusals
3

24h

circuit liveskip = default

    withdraw stays on in every state · sample tape, devnet

    The pitch

    I earn the book.

    They cannot take the pile.

    Every no is on the tape.

    Empty dealing room after hours, one lamp still on.

    House book

    The room the book sits in.

    A house agent runs one bounded book on Solana perps. You park USDC. You keep withdraw. The operator cannot take the pile.

    Overhead still life of a trading blotter, pen, and thermal tape.

    Job

    Idle USDC, no keys handed over.

    Same job as the wrappers people already use. Someone good runs the book. You keep withdraw.

    Sealed mandate folder on a desk. The owner keeps the key.

    Wedge

    Runtime bounds. Not a rest-time audit.

    April 2026 passed its audits and still drained. This account will not let the operator empty it.

    Thermal receipt tape coming off a printer, a red refusal stamp on the strip.

    Proof

    Refusals are on the tape.

    A zero-refusal book is ordinary. The interesting row is the one that says no.

    How the desk is allowed to work

    An LLM never signs.

    01

    Core

    Inventory bands, hedge ratio, max gross, kill conditions. Runs if every model is dead.

    02

    Veto

    A model may propose. The guard may refuse. The refusal is a first-class event.

    03

    Sidecar

    Funding, OI, liquidations, basis. Features — never an order router.

    04

    Proof

    If a number cannot be checked from chain or venue APIs, it is not on this desk.

    Machined brass letter M, the Markov mark as a desk object.

    Not that

    A book. Not a costume.

    HLP

    Native order-book MM

    We don't pretend a pool venue is that book

    JLP

    Long-biased basket + fees

    Different risk. Near delta-neutral

    Marketplace

    Strangers selling books

    Phase 3. After a public curve

    Token

    Ticker as the product

    No ticker in MVP

    Owner walking away from the desk. The pile stays.

    Owner verbs

    Always able to leave.

    Fund

    USDC-d in the mandate PDA — never the operator.

    Pause

    Owner-only unpause.

    Revoke

    Next intent refused. Receipt says Revoked.

    Withdraw

    On in every state. Coins to you.

    Rain on the office window at night.

    FAQ

    No APY on this page.

    Is this yield I can take home?+

    No. This is Solana devnet. Marks are marked PnL, not a promised rate. Unaudited. If a number cannot be checked from chain or the venue, it is not on this desk.

    Who can withdraw?+

    Only the owner. Withdrawal authority never leaves the owner. It stays enabled in Active, Paused, Revoked, and Expired.

    Is this a vault?+

    MVP is separately managed accounts: one mandate per depositor. Funds do not commingle. Pooling is a later decision, default still SMA.

    Is the agent an LLM?+

    No. The book-core is deterministic and must run if every model is down. The risk guard is thresholds. A model may propose. An LLM never signs.

    Where is the marketplace?+

    Not until the house book has a public curve. Book One is the only strategy on this page.

    What's the APY?+

    There isn't one on this page.