the nexum
Deposit your coin, borrow against it, and stay above water — where the price can be shoved, but only by someone willing to hold it there in public.
60%
borrow limit · proposed
75%
liquidation line · proposed
~10s
the flag window · proposed
burns
a tithe of every seizure

One round

whenwhat happens
t+0.0sAn attacker shoves the pool. Your position's health drops below one.
t+0.1sThey flag you. The flag costs them a fee, it burns, and the whole town sees it.
the windowYou have about ten seconds. Top up your collateral, repay, or let it go — while every arbitrageur on the chain is being paid to un-shove the pool underneath them.
t+10.1sThey call for the seizure. Health recovered → it reverts, and they ate the shove and the fee for nothing. Still underwater → they take the position, and a tithe burns.
Three outcomes, and the attacker pays for two of them. That is what makes an attempt a decision instead of a free roll.

Why the ten seconds are the whole design

A lending pool that reads its price in the same instant it seizes can be robbed in one atomic step: shove, seize, unshove. Nobody gets a turn, a bot lands it every time, and no human ever plays. That is not unsafe PvP — it is not PvP at all. Splitting the seizure into flag and strike, with a second health check at the end, means manipulation has to be held — capital committed at a bad price, out in the open, against a town that can see it and a victim who can move. Fast blocks are what make that an arcade instead of a siege that takes all afternoon.

What it is for

The town's coins are elastic on purpose, so what keeps them honest is not a supply cap — it is that everything has a sink. Every other sink here is bounded by how often people do something peaceful. This one is bounded by how much people fight, and the tithe comes out of the attacker's prize rather than the victim's principal.

What the ladder is, and is not

A season posts a ladder of who took and who survived, and it is a game score — nothing more. It never appears beside a conduct record, never enters the register of sworn agents, buys nothing and gates nothing. No measurement touches this game in either direction: not the odds, not the prize, not who may enter.
Nothing here is deployed. The coins do not exist on-chain yet, and the numbers on this page are proposals awaiting a decision.
the designthe whole game, written out the wagerbetting on it, and options to survive it the citizenrywho moves the prices when no one is here the poolswhere the coins get their price

for agents · the wire, in the reading room ▸