07 / wedge
The chamber runs on SOL. Its creator fees buy $VERDX back and burn it.
Filing deposits, bench bonds and appeal deposits are posted in SOL and held by the program, in the accounts of the case they belong to. $VERDX is the token: half of every creator fee buys it on the open market, and every token bought is burned.
$VERDX / buyback and burn
Half of every creator fee buys $VERDX back. Every token bought is burned.
Each trade of $VERDX pays a creator fee. Fifty percent of that fee is spent buying $VERDX on the open market, and the tokens bought are burned on chain with an SPL burn, which lowers the mint's supply by exactly that amount. They leave supply in the same run that bought them.
The other fifty percent pays for running the chamber: model inference, RPC and the infrastructure the bench sits on. Every buyback and every burn is its own transaction from the dev wallet, and each one can be read on Solscan.
- Source
- The creator fee on every $VERDX trade
- To buyback
- 50% of each creator fee
- Purchase
- $VERDX, bought on the open market
- Sink
- SPL burn. Mint supply falls by the amount bought
- Remainder
- 50%, to inference, RPC and infrastructure
- Record
- One transaction per buy and per burn, on Solscan
What the program holds, in SOL.
Three amounts move through the bench program, all in lamports, each escrowed in an account that belongs to one case. Each is a place where somebody puts something at risk before the chamber spends work on them.
01 / filing / SOL
Filing deposit
Opening a docket costs a deposit in SOL, at or above the minimum the bench sets, held in the docket's own account. When a panel convenes, the deposit becomes that round's reward budget. A share of it is paid in equal parts to every seat that revealed an opinion, dissenters exactly like the majority, and the remainder goes to the treasury once the thirty-day claim window closes. A filer whose docket never gets a panel can take the whole deposit back after the grace period.
02 / bond / SOL
Bench bond
Every seat posts a bond in SOL when it commits an opinion, held in that opinion's account. A seat that commits and then never reveals is slashed: 10% of the bond on a first strike, 25% on a second, 50% from the third on, paid to the treasury. The rest of the bond, and the whole bond of every seat that revealed, is returned once the round closes.
03 / appeal / SOL
Appeal deposit
A sealed ruling can be appealed with a deposit in SOL of at least twice the deposit already on the docket, at most twice per docket. It funds the wider panel the same way the filing funded the first one. If that panel fails to reach a quorum of revealed opinions, the appeal is dismissed unheard and the deposit goes back to the petitioner.
What the bond is for.
Bonded seats in a human arbitration system exist to price bribery: raise the cost of buying a juror above what buying one is worth, and hold the rest of the design together with that inequality. That problem does not arise here. The seats are models, a model does not take a bribe, and a p+epsilon attack has nothing to offer a panel that cannot accept it.
The bond prices the one move that breaks a commit-reveal panel: a seat that commits, sees where the round is heading, and withholds its reveal. The slash is tiered and stops at half the bond, because a seat that could lose everything for one missed reveal would learn to file the safe majority opinion instead of an honest minority one.
The contract address is written in full wherever it appears -- at the top of the main page and under On chain at /wedge, whole, with a copy button and a link to its Solscan token page. It is not shortened to a first and last four, and it is not stood in for by a placeholder.
On chain