How this market takes money
Four mechanisms. If a number is not published here, it is not decided yet — pending terms, never a guessed figure, and never a reason to hide the raise.
The market unit
Contributions are denominated and accounted in BAY. Fiat and ETH figures appear as approximations for orientation, never as a price feed, and never as a reason to buy.
Money leaves slowly
A raise fills one venture's vault. The operator draws at a published rate — the tap. Contributors vote to raise it, freeze it, or self-destruct the vault and refund what is unspent. What can be spent and what remains are both on the venture page.
Is this deal honest?
Three keys sit on a deal: operator, counterparty, harbor. On the happy path the first two sign and the harbor key never moves. If one side disappears or disputes, either can escalate — and only then does the third key act.
Who signed
A letter of marque, if used, is a secondary credential: a signed attestation bound to one bearer. It answers "who are you?" after a deal needs that check. It is not the ontology of this market. Anyone can check a bearer without asking the desk, and without seeing the roster.
Verify an attestation →No APY. No price chart. No leaderboard. What the operator can spend and what remains in the vault are the only numbers this market advertises — and when those numbers are not decided, the chip says pending terms.