Struttura del mercato

Token-unlock framing

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

Reference note · Sources below

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In questo articolo

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.

Struttura del mercato

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

Struttura del mercato

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

Storia crypto

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

Wallet e sicurezza

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