Commitments, not balances on a list
Deposit mints a commitment into the tree. Spend burns a nullifier once. The second burn dies at the gate.
Robinhood chain · sealed batch auction
Dark Book
Tokenized equities clear in a sealed window at one price. Balances stay committed. Size stops advertising itself on the open book.
Open window · NVDA/USDG
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Live vault
Clears run. Fees pay out.
Soft-seal vault. Seal on the terminal. $BOOK stake and fee share activate when the token address is set.
Fee vault ($BOOK)
—
Paid to stakers
—
Cleared notional
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Staked $BOOK
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Opening next window…
Recent clears
Pool →- No clears yet. Seal a desk.
Fee tape
- Fee tape fills after the first clear with stakers.
Desk flow
Four moves. No continuous book.
Live clearing sketch
Watch the single print form.
Sealed book for NVDA/USDG. Move the reference or the band. The matcher only prints inside the corridor — and always at one price.
Clearing price
$178.35
- Matched
- 1,200
- Bid fill ratio
- 92%
- Ask fill ratio
- 100%
- Corridor
- $177.53 – $179.31
- b1 · bid369.23 @ $178.35
- b2 · bid830.77 @ $178.35
- a1 · ask500 @ $178.35
- a2 · ask700 @ $178.35
Why this shape
Privacy here is a matching rule, not a costume.
Uniform price kills the race inside the window. Commitments hide inventory. The open market still sets the corridor so the dark side cannot drift into fiction.
Reference before print
Median of liquid quote-whitelisted pools. Thin venues fall out. No median, no auction result.
Minimum size
Dust is refused. A book full of crumbs reconstructs who was there. The floor protects the set.
Public board, private desk
Volume, internal fill share, deviation from reference. Never a row that points at a wallet.
Size without a parade.
Open the terminal for the sealed window, or read the desk notes for clearing rules, nullifiers, and worked examples.