Thaw

Every clear publishes the thaw rate on chain.

[Thaw @thawdotcodes]

Thaw is a sealed batch auction for PreStocks SPACEX, the token that converts 1:1 into tokenized SpaceX stock (SPCXx) as the post-IPO lockup unlocks.

CA : nL4ky1BFjvEs4LcZhk5ZqtcTSpyPxDNGtbGJuLuthaw

https://t.co/CYntYWGiub

[Thaw @thawdotcodes]

We've just updated our programs too

[Thaw @thawdotcodes]

Updated.

[Thaw @thawdotcodes]

We're updating our interface rn!

[Thaw @thawdotcodes]

Sorry for little bit late

[Thaw @thawdotcodes]

We're updating our interface rn!

[Thaw @thawdotcodes]

Each batch clears at one discount, d*: the one that matches the most volume.

Every fill in the batch trades at d*, and d* is published on chain as the thaw rate.

[Thaw @thawdotcodes]

@frz_crypto yes.

[Thaw @thawdotcodes]

Thaw is a sealed batch auction for PreStocks SPACEX, the token that converts 1:1 into tokenized SpaceX stock (SPCXx) as the post-IPO lockup unlocks.

CA : nL4ky1BFjvEs4LcZhk5ZqtcTSpyPxDNGtbGJuLuthaw

https://t.co/CYntYWGiub

[Thaw @thawdotcodes]

@w1xxiee We'll add more pairs.

[Thaw @thawdotcodes]

Orders are sealed.

You commit a 32-byte hash and a 0.05 SOL bond. Side, size and discount stay in your browser until the commit phase closes and you reveal them.

Nobody can trade ahead of an order they can't see.

[Thaw @thawdotcodes]

https://t.co/vj2WiCxhPE

[Thaw @thawdotcodes]

A new batch opens every 10 minutes.

Commit for 10 minutes, reveal for 5, then anyone can crank the clear against a verified Pyth price.

The next batch takes commits while the last one reveals, so a batch is always open.

[Thaw @thawdotcodes]

Dex paid!

[Thaw @thawdotcodes]

https://t.co/88O3qswe6q

Locked dev supply.