Security

Invariants

Properties that must hold after every transaction.

Core

  • Escrow balance ≥ total obligations for every token.
  • Leg supply equals matched notional for every series.
  • A struck series never changes its levels.
  • Each observation is processed at most once.

Oracle and calendar

  • No observation uses a round updated before its scheduled close.
  • No observation falls on a non-trading day.

Token engine

  • Buyback price never below the floor.
  • Daily floor redemptions never above 1.5% of reserves.
  • sBERRIER rate never decreases.

Suite structure

Handlers drive random deposits, strikes, observations, transfers and redemptions; ghost variables track expected balances.

Stock Tokens are not offered to US persons. A barrier note can lose value: if the final close sits below the barrier, CARRY holders are paid in stock valued at S0, which can be worth less than what they put in. Nothing on this site is investment advice.

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