Stage 6.2: Poinbase perpetual futures (PSC, SPARK) with slippage, funding, insurance fund, ADL, debt and seizure
Co-Authored-By: Claude Sonnet 5.5 <noreply@anthropic.com>
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@@ -268,7 +268,7 @@ black.kind.Contraband.3,Contraband (high)
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black.kind.Tech,High-tech (markup)
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nightlog.bm.ready,"Black market: {0} arrived; a courier will come by once you open."
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item.web3guide.name,Web3 Handbook
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item.web3guide.desc,"Bank: depositing turns credits into CRC in your Poinbase account; withdrawing turns CRC back into credits and goes through compliance screening, which looks at the Poinbase account's taint. Trading: buys are paid in the quote coin, sells in the traded coin. Mixer: pick a coin, amount and rounds; each round takes a fee and lowers taint, rounds equal days of waiting, and the coins come back to the same address; the more you deposit, the worse the cleaning. Hardware wallets: on-chain coins sit in PLEDGER hardware wallets, each with its own balances and taint; open and connect them on the terminal's Wallets page. The Web3 page's trading, black market and mixer use the connected wallet, and coin-paying customers and mining rewards go into it too. Payments (black market, mixer, Ponero desk, listing fees) start as an invoice on the terminal; type the payee address on the wallet and hold ✓ to sign. The last two characters of an address are a checksum, so a one-character typo is usually caught; once in a while it happens to be valid and the coins go to an address nobody uses. DEX swaps also need a signature on the wallet. Poinbase is a custodial account and can withdraw straight to the connected wallet; depositing from a wallet means sending to Poinbase's deposit address, which takes only CRC and PSC. More hardware wallets are sold by Dr. Jackson; drag one onto the trading terminal to add it, up to 5. The black market has cheaper ones. A wallet you no longer want can be destroyed on the Wallets page once its coins are moved out. Transfers pay a fee: slow, normal or fast, and gas prices rise and fall over roughly a week; when the network is congested fees rise and slow transactions may be dropped from the mempool. Check the full address before sending. Staking: CRA staked in the Revolution pool earns a daily rate that compounds into the stake; withdrawing means requesting first and waiting four days, with no interest while waiting and no way to take it early. The pool pays from a subsidy fund; when it runs low the rate is cut and word of big holders pulling out may spread. Treat that as a warning: once it collapses CRA is worthless within three days and four days of unlocking is too slow. The balance token SPARK can be minted and burned against CRA at the going price (with a fee); its price swings hard and crashes with the collapse. Staking, minting and burning are contract calls and need a signature on the wallet. Black market: coin only, no CRC, 30% above normal channels, with extra markup on high-tech goods and GPUs; the coin you pay leaves its share of taint with the seller and the goods carry no stolen tag; GPUs may be fake, inspect them yourself. Orders are cheaper than spot but take days and may be intercepted; merchants sell by type at their own price factor, 5+ items get 5% off and 10+ get 10% off, and a bulk merchant appears at random with the lowest prices but six days of waiting; escrow costs 5%, is released on delivery and refunded if the seller runs; advance release takes another 10% off, but a scammer keeps the money and only sellers with 30+ trades accept; the platform itself can rug, be taken over by enforcement, or a seller can be arrested, after which your orders get traced and crime logged; forum rumors can be warnings. An intercepted parcel sometimes turns into enforcement at your door: signing logs the crime on the spot and seizes the goods, refusing only costs the payment. Selling: on the black market's Sell tab, list contraband, high-tech goods and GPUs from storage at 0.6x to 1.8x the reference price. The higher the multiplier, the slower the sale (below 0.9x about a day, 1.0x about two, 1.8x about fourteen), and the likelier and larger the taint on the payout, which also grows with how much you sold in the last 7 days; at most 10 listings at a time, 5% listing fee, repricing a listing costs 2% and the sale speed follows the new multiplier, 8% commission, payout held 3 days before reaching your wallet; a fake card may be spotted and returned, hurting your rating; if the platform rugs, listed goods and unreleased payouts are gone. Anonymous-coin swap (Web3 trade page, needs black-market standing): Ponero is a privacy coin and swapping in wipes the taint on that value; 6% fee each way with a daily limit; coin swapped out of Ponero has no origin and cash-out screening gets stricter."
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item.web3guide.desc,"Bank: depositing turns credits into CRC in your Poinbase account; withdrawing turns CRC back into credits and goes through compliance screening, which looks at the Poinbase account's taint. Trading: buys are paid in the quote coin, sells in the traded coin. Mixer: pick a coin, amount and rounds; each round takes a fee and lowers taint, rounds equal days of waiting, and the coins come back to the same address; the more you deposit, the worse the cleaning. Hardware wallets: on-chain coins sit in PLEDGER hardware wallets, each with its own balances and taint; open and connect them on the terminal's Wallets page. The Web3 page's trading, black market and mixer use the connected wallet, and coin-paying customers and mining rewards go into it too. Payments (black market, mixer, Ponero desk, listing fees) start as an invoice on the terminal; type the payee address on the wallet and hold ✓ to sign. The last two characters of an address are a checksum, so a one-character typo is usually caught; once in a while it happens to be valid and the coins go to an address nobody uses. DEX swaps also need a signature on the wallet. Perps: the Perps tab on Poinbase uses your account CRC as margin, up to 5× on PSC and 3× on SPARK, one position per product, never long and short at once. Fills are worse than the quote (more so for bigger orders, like the spot pool) and opening and closing both cost a fee. Liquidation is checked only overnight against the day's average price: equity under 10% of notional wipes the margin. There is also a nightly funding payment; when the price is above its 7-day average, longs pay shorts. If a liquidation loses more than the margin, the insurance fund covers the gap; when it runs dry (a SPARK collapse can do that) winning positions are auto-deleveraged and give up half their profit; anything beyond that becomes your debt. Debt grows 2% a day, is repaid first from CRC in the account every night, blocks new positions and cash-outs, and after seven days items in your shop are seized to cover it; whatever is still short is written off and the perp account is banned for 30 days. Poinbase is a custodial account and can withdraw straight to the connected wallet; depositing from a wallet means sending to Poinbase's deposit address, which takes only CRC and PSC. More hardware wallets are sold by Dr. Jackson; drag one onto the trading terminal to add it, up to 5. The black market has cheaper ones. A wallet you no longer want can be destroyed on the Wallets page once its coins are moved out. Transfers pay a fee: slow, normal or fast, and gas prices rise and fall over roughly a week; when the network is congested fees rise and slow transactions may be dropped from the mempool. Check the full address before sending. Staking: CRA staked in the Revolution pool earns a daily rate that compounds into the stake; withdrawing means requesting first and waiting four days, with no interest while waiting and no way to take it early. The pool pays from a subsidy fund; when it runs low the rate is cut and word of big holders pulling out may spread. Treat that as a warning: once it collapses CRA is worthless within three days and four days of unlocking is too slow. The balance token SPARK can be minted and burned against CRA at the going price (with a fee); its price swings hard and crashes with the collapse. Staking, minting and burning are contract calls and need a signature on the wallet. Black market: coin only, no CRC, 30% above normal channels, with extra markup on high-tech goods and GPUs; the coin you pay leaves its share of taint with the seller and the goods carry no stolen tag; GPUs may be fake, inspect them yourself. Orders are cheaper than spot but take days and may be intercepted; merchants sell by type at their own price factor, 5+ items get 5% off and 10+ get 10% off, and a bulk merchant appears at random with the lowest prices but six days of waiting; escrow costs 5%, is released on delivery and refunded if the seller runs; advance release takes another 10% off, but a scammer keeps the money and only sellers with 30+ trades accept; the platform itself can rug, be taken over by enforcement, or a seller can be arrested, after which your orders get traced and crime logged; forum rumors can be warnings. An intercepted parcel sometimes turns into enforcement at your door: signing logs the crime on the spot and seizes the goods, refusing only costs the payment. Selling: on the black market's Sell tab, list contraband, high-tech goods and GPUs from storage at 0.6x to 1.8x the reference price. The higher the multiplier, the slower the sale (below 0.9x about a day, 1.0x about two, 1.8x about fourteen), and the likelier and larger the taint on the payout, which also grows with how much you sold in the last 7 days; at most 10 listings at a time, 5% listing fee, repricing a listing costs 2% and the sale speed follows the new multiplier, 8% commission, payout held 3 days before reaching your wLine truncated
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courier.odd1,...Package is here.
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courier.odd2,"(His hand stays in his pocket.) Sign here."
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courier.sign,Sign
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@@ -477,3 +477,47 @@ news.crawarn.desc,Big holders are pulling out and the staking subsidy pool is ru
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news.cralow.title,Revolution cuts staking rate
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news.cralow.desc,The subsidy pool is nearly empty, and the Revolution has cut the CRA staking rate to a fraction.
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stake.avail2,"SPARK {0}"
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poin.sub.spot,Spot
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poin.sub.perp,Perps
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perp.h,Perpetual futures
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perp.acct,"Margin account CRC {0}"
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perp.debt,"Debt {0}; items are seized in {1} days. No new positions or cash-outs until it is cleared."
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perp.banned,"Perp account banned for {0} more days."
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perp.none,No positions.
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perp.col.pos,Position
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perp.col.notional,Notional
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perp.col.price,Entry → price
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perp.col.pnl,PnL
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perp.col.liq,Liq. price
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perp.long,Long
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perp.short,Short
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perp.rate,"{0} price {1} funding {2}%/night"
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perp.fund,"Insurance fund {0}"
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perp.open,Open
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perp.margin,Margin (CRC)
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perp.preview,"Notional {0} fill {1}"
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perp.do.open,Open
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perp.do.add,Add margin
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perp.do.close,Close
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perp.opened,"Opened {0} {1}: margin {2} CRC, {3}×."
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perp.added,"Added {0} CRC of margin."
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perp.closed,"Closed; {0} CRC back in the account (PnL {1})."
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perp.deficit,"Equity fell short by {0}, covered by the insurance fund and debt."
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perp.err.Banned,The perp account is banned.
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perp.err.Debt,You have debt; no new positions.
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perp.err.Leverage,Leverage is above this product's limit.
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perp.err.Size,Above this product's position cap.
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perp.err.Funds,Not enough CRC in the account (the fee counts).
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perp.err.Opposite,You cannot be long and short the same product; close first.
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perp.err.NoPosition,No position.
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perp.err.Margin,Enter a margin amount.
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perp.debt.block,You owe the perps desk; no cash-outs.
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nightlog.perp.liq,"{0} was liquidated; the {1} margin is gone."
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nightlog.perp.adl,"The insurance fund ran dry; {0} was auto-deleveraged and gave up {1} of profit."
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nightlog.perp.interest,"Perp debt accrued interest; you now owe {0}."
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nightlog.perp.seize,"Overdue perp debt: seized items covered {0}."
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nightlog.perp.writeoff," {0} written off; the perp account is banned for {1} days."
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perp.slip.title,Perp debt seizure slip
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perp.preview2,"Fee {0} liq. {1}"
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nightlog.perp.repaid,"Perp deficit: {0} CRC was taken from the Poinbase account to repay it."
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perp.err.Thin,"Slippage on this order is so large it would be liquidated at once. Reduce the size or leverage."
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