TELONION · TOLL AUTHORITY FOR $TELON · LIVE ON SOLANA DEVNET

Every swap pays its toll.

Telonion is the toll booth standing on the trading path of $TELON. Every swap on the main pool pays 4.2%; a quarter of it accrues to the vault on-chain — registered, split and settled by anyone who fires the strike. 40 / 40 / 10 / 5 / 5 across burn, stocks, ops, depth and chaos. No keys. No votes. No backend.

Enter the Booth Read the Program

MAIN LANE · $TELON / USDC $ — awaiting first print constant-product quote off live reserves · 4.2% toll · a quarter accrues to the vault

TOLLS COLLECTED · ALL TIME · USDC — everything the gate has taken in — walked from vault history, refreshed every 5 min

NEXT STRIKE WINDOW ··· any wallet fires it · keeper keeps 0.25% + dust

ACCUMULATING · PENDING ··· toll waiting between strikes

SUPPLY BURNED ··· the burn lane only ever tightens the float

LIVE SUPPLY · $TELON ··· 1,000,000,000 at deployment

40burn

40stock estate

10ops

5depth

5chaos

01THE GATE

Toll, collected.

one transaction · five lanes · failure-isolated by construction · nobody schedules the strike — anyone can fire it

01the swap

A swap rolls up to the gate

Every $TELON swap on the main pool pays a 4.2% toll; a quarter of it — 1.05% — accrues to the protocol inside the pool, owed to the vault. Between strikes the toll only accumulates. Nothing leaks, nothing is scheduled.

toll 4.2% 1.05% to the vault accrues per swap

02the strike

Anyone fires the strike

harvestClaim() is permissionless — any wallet, from anywhere, no allowlist. The caller pockets 0.25% of the claim plus rounding dust as the keeper reward. A cooldown rate-limits the gate: 60 seconds on devnet.

permissionless keeper 0.25% cooldown 60 s

03the tariff

The tariff executes

40 / 40 / 10 / 5 / 5 — hardcoded constants, not settings. Minimum claim, per-lane minimums and integer dust guards keep the arithmetic honest to the last base unit.

40 / 40 / 10 / 5 / 5 bytecode constants dust-guarded

04the lanes

Every lane runs alone

Guards validate before a lamport moves; each lane runs as its own instruction. A stale feed or thin pool soft-skips — that lane's share stays pending, the strike never halts, and the ledger records every skip.

soft-skip routeFailed · ledgered retries next strike

02THE LAW

Five lanes. One tariff.

every strike settles 40 / 40 / 10 / 5 / 5 — constants in the program, not settings for a key to change

L/1 · BURNBuy & burn

The heaviest lane buys $TELON back on the open pool and burns it in the same strike. Supply only ever falls through this lane — every strike tightens the float.

INV-1 ··· claimed = keeper + pending + paid — asserted by the program after every strike, checked live in the booth

03THE MANIFEST

Nine stocks, held by bytecode

40% of every strike lands here · equal weight · live feeds on devnet · nobody can raid the rows

9 assets equal weight 50 / 50 swap-lp ±3% twap gate

ticker	feed price	status	pool

see positions and routing in the booth →

04THE LEDGER

The toll ledger

cumulative fees claimed, read from vault history on Solana devnet · no backend · no api keys · refreshes every 15 s

Cumulative fees claimed · devnet SETTLEMENT 40/40/10/5/5 · KEEPER 0.25%

reading vault history · the ledger grows with the first strikes

WINDOW START — FIRST VISIBLE STRIKE NOW · SLOT —

fees discharged · usdc ··· all time — everything the gate has paid out

$telon burned ··· through the burn lane only

keeper cut 0.25% plus rounding dust, to whoever strikes

pool toll 4.2% a quarter of it accrues to the engine

05CHECKPOINT PROTOCOL

Walls, not promises

six gates every lane passes · G-01 → G-06

G-01

TWAP drift gate

Before any pool trade, spot must sit within ±3% of the 30-minute TWAP. Manipulation inside the window is refused, not punished.

G-02

Feed staleness & pause

Stock lanes skip any asset whose oracle is older than 15 minutes, paused, or negative. Skips are ledger events, not errors.

G-03

Pool impact cap

No single lane moves more than 0.5% of a pool per execution. Oversized amounts batch across future strikes.

G-04

Soft-skip isolation

Guards validate first, then each lane runs as its own instruction. A failing lane emits RouteFailed and holds its funds pending — never takes the strike down.

G-05

Timelocked custody

Fee-recipient and dev-treasury changes need a request/confirm delay — 60 seconds in this devnet edition. The world watches the intention first.

G-06

Self-auditing ledger

INV-1 asserts claimed = keeper + pending + paid after every strike. INV-4 asserts the vault holds zero $TELON when the dust settles.

06QUERIES AT THE BOOTH

The fine print

eight answers · zero marketing

Q1What exactly is Telonion?

A toll authority on-chain. $TELON trades on its own pool; the pool tolls are periodically claimed by the vault program and settled along five fixed lanes — buy&burn, stock estate, operations, depth, chaos. No human in the loop, no off-chain infrastructure: the whole gate is one on-chain program.

Q2Why "Telonion"?

From the Greek τελώνιον — telos, "a toll," plus the instrument suffix -ion: the toll-collector's office. The protocol is exactly that — an instrument standing on the trading path, taking a small toll from every swap, registering it on-chain, and putting it back to work. The name is the job description.

Q3Who can fire the strike?

Anyone, from any wallet. The caller receives 0.25% of the claim plus rounding dust as the keeper reward. Strikes are rate-limited by a cooldown — 60 seconds on Solana devnet, five minutes planned for mainnet.

Q4What happens if a lane fails mid-strike?

Nothing catastrophic — by construction. On Solana a transaction cannot half-revert, so every guard is checked up front and each lane runs as its own permissionless instruction. If a guard trips (stale feed, drift gate, thin pool), the lane soft-skips — a RouteFailed entry lands on the ledger, the amount stays pending for that lane, and every other lane completes normally. The failed amount retries next strike.

Q5Are the stock positions real?

On devnet they're simulated — mock feeds push plausible prices for SPY, NVDA, TSLA and six others so you can watch the routing work end to end. On mainnet the same program consumes real equities price feeds and real position tokens.

Q6Why does 5% go to "chaos"?

A gate that only makes optimal moves is a gate that can be modeled, front-run and farmed. The chaos lane buys a volatile side asset and burns it — deliberately inefficient value that keeps the whole engine from collapsing into a deterministic payoff matrix.

Q7Can the weights or destinations be changed later?

Not by any key we hold. The tariff lives in the program as constants. The authority role can rotate operational parameters (cooldowns, caps, asset list) — all timelock-protected and visible on-chain — but re-weighting would require deploying an entirely new protocol nobody is obliged to follow.

Q8When mainnet?

After the external audit completes and timelocks are extended to production values. Watch @TelonionSpace — the launch announcement is the only signal worth trusting.

The gate is open. The toll is counting.

Every strike, every lane, every skip lands on-chain where anyone can read it. Enter the booth and fire the discharge yourself — follow the account for the launch signal, read the program for everything else.

Enter the Booth @TelonionSpace Read the Program

announcement channelx.com/TelonionSpace
home of the gatetelonion.space
the tariff · fixed40 / 40 / 10 / 5 / 5
keeper reward0.25% + dust
cooldown · devnet60 seconds
keys heldnone that matter