Structure de marché

Token-unlock framing

An unlock creates transfer capacity, not proof of an immediate sale.

Reference note · Sources below

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Dans cet article

Overview

An unlock creates transfer capacity, not proof of an immediate sale.

Headlines collapse schedule, release, deposit and execution into one event.

Separate each stage and compare with active liquidity.

Structure de marché

A firm borrows inventory under options, floors or recall rights.

Structure de marché

A calendar event is not the same as an observed sale.

Histoire crypto

Compound's distribution helped popularise an incentive model that made activity and sustainable demand harder to separate.

Portefeuilles et sécurité

A cleanup transaction can recover account funding, but its destination is still part of the signed request.