Inspect the desk.
The desk's live read of its own market: the mark it quotes around, the vol it charges for, and the ledger of everything it has burned.
04the tape readlive
pool price · eth/cdl
·
the mark · eth/cdl
·
drift vs mark
·
how far price sits from the mark
volatility σ
·
per-fill EWMA, capped at 100%
05fee schedule
Fee now (both sides)·
Base fee·
Max fee·
06the furnace
cdl burned
0
supply remaining
0
harvest · anyone may ring it
Collects the desk's accrued LP fees. CDL fees burn on the spot; ETH fees pay 20% to the dev and buy CDL back through the pool, then burn it.
07burn ledger
reading the ledger…