The Screen Not built
A fill, not a plan.
Mu-metal does not make a field disappear. It moves the flux into itself and leaves the room quieter — the field is still there, doing what it did. That is the honest shape of a privacy claim, and it is the shape this page uses.
SCREEN — INTENT
Intents, not routes
You state the outcome you want. Solvers compete to produce it and settle in a batch at one clearing price. Nothing about your order is broadcast as a route a searcher can position in front of, because there is no route until the batch clears.
The number nobody else prints
A mechanism is not a guarantee. What protects an order is how many other orders it could have been, and that is a property of flow rather than of cryptography. It can be one. Every fill from the Screen carries the size of the batch it cleared in, because a privacy claim without that number is not a claim.
Claimed, and not claimed
- claimed
- no public route to position against
- claimed
- one clearing price for everyone in a batch
- claimed
- the batch size, on every fill
- not claimed
- that the order is invisible
- not claimed
- that a solver learns nothing from a batch of one
- not claimed
- zero knowledge of anything. There is no ZK here, and calling batching “ZK privacy” is how that phrase stopped meaning anything
A description of something that does not exist. No contract is deployed, no address is live, and nothing here has been audited.
ANISOTROPY — EQUITIES
A hard axis and an easy one.
A crystal magnetises easily along one axis and stubbornly along another, and the difference belongs to the material rather than the field. Tokenised equities trade all week; the exchange they reference is open for thirty-two and a half hours of it. The other 135.5 are the hard axis.
Session state travels with the price
A quote taken while the reference venue is shut is a different object from one taken while it is open, and it is labelled as one.
Depth from venues that are open
Aggregating a closed book produces a number, and the number is fiction.
Simulated before signed
Every route runs against live state first. A quote never executed against the current block is an estimate wearing a decimal point.
There is a second edge here. An equity token’s fee income is not merely bursty, it is bursty on a schedule — and averaging across the closure is how a weekend gets priced as though it were a Tuesday.