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Sill Papers

Holding and trading.

SHUT is an ordinary Ethereum balance. A Slat Owner does not need a new wallet.

  1. The Quote Lane runs on Uniswap v4. The chain is Ethereum. The quote is ETH.
  2. The contract address sits in the masthead when it is real. Until then the slot is empty.
  3. A trade leaves a Slat Cut of two percent. That take gathers in the Open Blind.
  4. When Blind Timing ends the window, Blind Close spends the take on the Binding that was written at the start.

A send that is not a trade does not pay the Slat Cut. Holding does not pay it.