Articles
One mechanism at a time, explained properly. New pieces are added without a schedule; nothing here is a forecast.
A ratchet is not a stablecoin — and not its opposite
A stablecoin fixes the level; a ratchet fixes the direction of the cost of entry. What that changes for a saver, a payer and a trader — and what it leaves exactly as it was.
2026-09-05 · 3 min readHow to verify a document with a checksum and OpenTimestamps
Two checks that need no trust in the publisher: that the file you hold is the one released, and that it existed on the date claimed. Commands for macOS, Linux and Windows.
2026-09-05 · 3 min readThe price corridor, explained with two numbers
Why ASTRX has no target price and does not need one: two numbers the contract sets, the arbitrage that holds them, and what “the price can fall” actually means.
2026-09-05 · 3 min readWhy backing is protected by a drawdown limit, not a fixed floor
The protection level is not a price the reserve must hold. It is a limit on how far backing per token may fall from its record — and a rule that turns any cliff into a staircase.