$BOOK utility
Stake
Stake gates desk size, MM quote rights, governance weight, and fee share. Set BOOK_TOKEN when the token is live — until then clearing and deposits work without it.
Token pending
Clearing and vault deposits do not need $BOOK. When the token is launched, set BOOK_TOKEN in env and restart — stake, MM, gov, and fee claim turn on with no rewrite.
Free $BOOK
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Staked
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Tier
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Claimable fees
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Stake / unstake
- Tier 0 · Observer (≥ 0)max $5,000
- Tier 1 · Desk (≥ 1000)max $25,000
- Tier 2 · Block (≥ 10000)max $250,000
Market maker
Stake ≥ 5,000 $BOOK to quote. Miss a window with no sealed quote, or leave mid-window — stake is slashed.
Status: off · eligible: no
Network stake — · fee vault —
Governance
Vote weight = stake. Quorum 30% of total stake. Passed params apply to the next window.
Live: window s · min $ · band ± bps · fee bps
- No proposals yet.