How the harbor takes money
Four mechanisms. If a number is not published here, it is not decided yet.
The harbor 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 vessel'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 vessel page.
Is this deal honest?
Three keys sit on a deal: privateer, 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 is docked
A letter of marque is a signed attestation from the harbor key, bound to one bearer wallet and not transferable. It answers "who are you?" — independently of any deal. Anyone can check a bearer without asking the harbor.
Verify a marque →No APY. No price chart. No leaderboard. What the operator can spend and what remains in the vault are the only numbers this harbor advertises.