How it settles
A qualifying fill is priced once, at the moment it confirms. You pick the rail afterwards. Six steps, one rule engine, no second balance.
The six steps
- Connect the wallet. Sign SIWE. There is no email account and no password to reset. The address that signs is the desk.
- Trade live, or bring history. Run a fill in Trade, or scan the same wallet on Markers. Both paths hit one rule engine, so neither pays better than the other.
- Clear the $200 floor. Once the connected wallet’s confirmed trade volume passes $200, the rate is listed for that address. Smaller transfers stay visible; they do not pay on their own.
- Book at 65 bps. Qualifying notional × 0.65% writes the marker. Tightening the rule later never rewrites a marker that already posted.
- Convert, then take payment. The marker lands as owed balance first. Move it 1:1 onto USDG or compute whenever you want, then claim from the vault or mint a key.
- One hash, one marker. Each (tx, chain) pair is booked at most once. Re-scanning, retrying, and a second claim on the same fill do not pay twice.
Worked example
| Fill | Notional | Rule | Marker |
|---|---|---|---|
| ETH / USDG | $1,842.60 | 65 bps | $11.98 |
| WBTC / USDG | $9,640.00 | 65 bps | $62.66 |
| ARB / ETH | $764.18 | 65 bps | $4.97 |
| A $40 send | $40.00 | Not a fill | Pays after the floor |
| A $180 fill before the floor | $180.00 | Counts toward the floor | Pays after the floor |
The slider on the landing page runs this same arithmetic. Drag it and you get the published rate, not an estimate: $1,842.60 × 65 bps = $11.98.
What counts as volume
Confirmed swaps count. Sends, receives, approvals, bridge deposits, and contract deployments do not. A fill has to actually exchange one asset for another on a venue the desk can read.
- A single imported fill still has to be $200 or more to book on its own.
- Live fills below $200 still execute on-chain. The volume counts toward clearing the floor; the marker is skipped, not deferred.
- Volume is measured on the connected address only. You cannot pool two wallets to clear one floor.
below_floor. That row is permanent and visible. It is never quietly upgraded into a marker once you cross the floor with a later trade.When the room runs out
Markers booked inside one UTC day stop at $5,000. A fill that arrives after the room is gone stays on the book as over_cap — visible, unpaid, and not rolled into tomorrow. Unused room does not accumulate either.
Holds
A round trip — A → B → A on the same wallet inside 60 minutes — still executes on-chain, but the marker can be held for review. Release posts it at the original rate. Reject does not pay. Either way the trade itself is untouched; the desk has no ability to reverse it.
Next: connect a wallet, or jump to published numbers.