anon

Trying to get better everyday

[tundrique @tundrique]

i launched what i believe is the first xmr-native token system built around solana, but the interesting part is how it actually works underneath.

monero has no smart contracts, no native token standard and no programmable bonding curves, so i built around that limitation instead of trying to abstract it away. p/xmr separates the market interface from the underlying settlement system: solana gives the asset a liquid, composable surface while the core accounting model is derived from real monero mainnet activity.

underneath p/xmr is a deterministic registry connected to a dedicated monero curve wallet. xmr entering that wallet becomes an input to a fixed constant-product bonding curve. confirmed transactions are ordered directly from monero, converted into curve state using integer arithmetic, and folded into a hash-chained registry containing the reserves, positions, supply state and current registry root.

the xmr isn't wrapped, bridged or represented by an xmr-pegged asset somewhere else. it remains native xmr inside a monero wallet.

the verification layer is what makes the architecture different. the curve wallet publishes its private view key, allowing anyone to independently observe its incoming xmr activity. registry roots are committed back into monero transactions, reserve proofs can demonstrate control of the reported xmr balance, and the entire registry can be rebuilt from genesis by scanning monero and replaying the same deterministic rules.

instead of asking a smart contract what happened, you can derive what happened.

every confirmed input advances the same state machine. the curve determines issuance and price from the reserve relationship, fees are accounted for inside that state, and once the curve exhausts its real token inventory the system graduates into its post-curve liquidity phase using the reserve accumulated through the market.

solana is where the token can exist as a normal programmable asset, but xmr is what gives p/xmr its underlying settlement and reserve structure.

the goal was never to put a fake version of monero on another chain. it was to figure out how to make monero itself part of the machinery behind a token market while preserving native xmr settlement underneath it.

that is p/xmr.

https://t.co/EDnBU5MS2r