Burn and lock liquidity
Prove a pool's liquidity is staying put, and keep earning its fees.
In shortA timed lock is a paid promise not to withdraw a v4 pool before a date. A burn is the same promise forever, and turns the pool's certificate into a sellable fee key. Both are enforced by the pool registry, not by Saturn Ops.
- Lock fee
- 50 TAZ per lock or extension
- Burn fee
- none at launch
- Undo
- never
- Fee key
- the pool's SATURN certificate
Traders and token holders ask one question of a new pool: can the person who created it pull the liquidity out tomorrow? On Saturn v4 every pool is one whole position with one provider, so that question has a clean answer. The provider can make a promise the chain enforces, and anyone can check it.
Timed lock
Pick a number of days and pay the lock fee in TAZ. Until that date the registry refuses to release the pool's reserves, whoever asks. Everything else carries on: the pool keeps trading, fees keep accruing, you keep claiming them, you can add more liquidity, and the pool can still be bonded or rented out.
- A live lock can be extended by locking again with a later end. It can never be shortened.
- Every lock or extension pays the fee, whatever the length.
- When the date passes nothing happens by itself: the pool is simply withdrawable again.
Burn
A burn is a lock with no end. The reserves stay in the pool for good. The pool keeps trading and keeps earning, and from that moment its certificate NFT is the fee key: whoever holds the certificate claims the provider fees. The certificate can be sold or given away like any Phantasma NFT, and it cannot be destroyed while its pool is burned, so the income can never be stranded.
Burning is permanent and Saturn Ops asks you to type BURN before it signs. Anything you add to a burned pool later is burned too.
What changes for products
- Bonds, rentals and fee options still work on a locked or burned pool. They sell the fee stream, and the fee stream is exactly what remains.
- Lending will not accept a locked or burned pool as collateral, because a loan needs the reserves to be withdrawable if it defaults.
- A pool with an active bond, rental, option or loan cannot start a lock or a burn. End the product first.
How anyone can verify
Saturn Ops shows a lock badge with the end date, or a burned badge, on the pool. The badges read the registry directly. Anyone with a wallet or an explorer can ask the pool registry the same question: whether the pool is burned and until when it is locked.
- Who can lock or burn a pool?
- Whoever could withdraw it: the wallet that created the pool, or whoever holds its certificate.
- Does the lock touch my fees?
- No. Provider fees keep accruing and you claim them as before. After a burn they go to the certificate holder, which is still you until you sell it.
- Can I lock only part of a pool?
- No. A v4 pool is one position, so the promise covers the whole pool.
- Where does the TAZ go?
- To the Saturn fee wallet. It funds development, which is the point of charging for it.