Fees and oversized sells impound behind a crest instead of reaching the book. What clears is set by the head above that crest — one release per block, split three bounded ways, routed down the share graph, and gauged before a wallet takes anything.
Readouts on this page are a simulation of the mechanism, running on an accelerated clock so a full pond cycle fits on a screen. No live pool is connected, no contract is deployed, and no ticker has been claimed.
A crest is not a gate that is open or shut. Flow over it obeys one equation, and because the exponent is greater than one, a deeper backlog clears faster per unit than a shallow one. Drag the inflow: the queue self-clears, it never releases in a lump, and it never stalls at the bottom.
The output of each stage is the input of the next. Nothing here is a mode you switch on — it is one structure, and there is no path that takes value back upstream.
fees
+ big sells
Q = C·L·H1.5
1 / block
inverts
to a bid
3 legs
20–60 each
50 / 25 / 12.5
cap 4
@handle
shielded
sybil score
before pay
one pass
per block
Every trading fee, plus any sell crossing 0.50% of pool liquidity, impounds behind the crest instead of reaching the book. The seller still owns it the whole time. Buys are never held.
Release is metered by head — Q = C·L·H^1.5, once per block. The pressure that would have moved the price is exactly what clears the pressure.
Below floor level the discharge inverts: the pond bids rather than pays. Protection is funded by the same water as the yield, never by a separate budget.
Three legs under the crest — holders, liquidity, burn. Each bounded 20–60%, weights voted per epoch, forward only.
The holder leg runs down the share graph from whoever brought the flow, halving each hop — 50 / 25 / 12.5 / 6.25 — and stops at four. The remainder returns to the origin.
A channel can terminate at an X handle instead of an address. USDG arrives shielded and forwards itself onward, so a carrier never has to publish a wallet.
Every wallet is scored before it takes water. Burn, pool, lock and bridge contracts are excluded from position figures; a farmed hop chain gauges zero and receives nothing.
One process, one pass per block, forever. Pid, uptime, impounds, releases and state are on the face of this page rather than in a dashboard nobody opens.
Fees and any sell over the flash point land in the pond. Nothing about a block's arrivals changes what that same block releases.
The head is measured after arrivals settle. One reading, from state — there is no oracle and no off-chain input.
Q comes out of the rating curve and leaves in the same transaction. If the price is under the floor it leaves as a bid instead.
The discharge splits on the weights in force for this epoch, not the ones being voted on. Holders' share walks the hop chain and stops at four.
Everything that clears the crest splits the same way every block. Holders take theirs down the hop chain, liquidity is added and never removed, burn is permanent. Move the weights: a vote can tune the machine inside hard bounds but cannot starve a leg or take everything.
Four hops is the cap, so the tail cannot be farmed with throwaway accounts. Anything past it falls back to the origin rather than evaporating — and every address in the chain is gauged before it is paid.
A USDG-native Arbitrum Orbit L2, chain id 4663, fully EVM equivalent — so the crest, the channels and the gauge are ordinary contract calls with no custom opcodes and nothing off-chain.
This is the only account for Crest. The contract address and every announcement are posted there first — if you did not read it there, it did not come from us.
Handle not registered yet — nothing on this page is official until it is.