01
Cold iron markets
Why isolated stock-token pools stay thin — no shared heat, no shared raise, no tempering holders across names.
Whitepaper outline · v0.1
NARRATIVE SPINE
Docs
Structure for the full paper. Mechanics detail lives on Specs; this page is the story — MU as base wafer, FLUX as the bond across Bays.
11 SECTIONS
Outline
FLUX PAPER
From cold iron to quench
02
The forge line
Prime Forge (FLUX/MU wafer), Bays bonded onto that substrate, queue by market cap in the stock-token registry.
03
Strike / Temper / Raise
User loop — buy heat with MU, hold under temper as a smith, fund the next Bay from yesterday’s fees.
04
Where the heat goes
Fee tables for Prime Forge (MU quote) and each Bay; phase flip when onchain bayCount reaches #64.
05
What smiths get
Eligibility without lockup, 24h linear stream in MU + FLUX, yesterday-only display — never APR.
06
Melt
Buy-only buyback into bay construction. No path to sell melted FLUX back to market.
07
Quench
Permanent liquidity — Prime Forge + open Bay protocol LP cannot withdraw principal. Who can touch what.
08
Supply constitution
35 / 65 / 0 — protocol reserve (bays only), market (open + quenched home), team token allocation zero.
09
Risks
Quote beta (MU), volume dependency, geographic limits, no yield promise. Prototype parameters pending audit.
10
Parameters
Pointer to Specs and repo docs/params.md. Onchain Pons/hook params win after deploy.
11
FAQ
Committed % vs 35% reserve, how to recompute the four KPIs from chain events once demo=false.
Legal
NOT AN OFFER
Footer language
Disclosure
Not an offer. Meme liquidity protocol. Stock tokens are third-party. Parameters are prototype. Pending audit. Quote asset MU (Micron). Pair FLUX/MU = Prime Forge (Bay #0).