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.
2026-09-06 · 3 min readWhy the backing is external, and what happens when it is not
A reserve made of the protocol’s own token looks like backing and behaves like a mirror. What external collateral costs, and what it buys.
2026-09-06 · 3 min readWhat happens when someone leaves, and why it does not dilute anyone
Redemption looks like the moment a shared pool should suffer. In a proportional design it is the moment nothing happens to anyone else.
2026-09-06 · 3 min readHow the cost of entry grows: a curve, then a rate
Phase 1 follows a published curve to two hundred dollars. Phase 2 follows a rate chosen from a fixed ladder. Both are ceilings, and neither is a forecast.
2026-09-06 · 3 min readHow to check a protocol before you trust it
A practical order of checks that works on any protocol, including this one, and the specific things worth being suspicious about.
2026-09-11 · 3 min readPhase 2: what happens when the curve runs out
The mint curve covers the first hundred million tokens. After that the cost of entry stops depending on how many were issued and depends on the clock.
2026-09-11 · 3 min readWhy a rising issue price is not a pyramid
A price that only goes up is the first thing people associate with a pyramid. Here are the five features that define one, applied to this design.
ASTRX WikiWhen to close a position
When it makes sense to close a position and turn it into tokens: two strategies, the shared headroom, the rising threshold, and an interactive model.