← meet the seller.

This is Alex. Alex has 1,000 RLUSD sitting in a wallet. It's not doing anything. It's just sitting there, appreciating nothing, earning nothing.

Alex wants to put that capital to work without giving it to anyone.

create the market.

Alex runs caput. Picks the terms:

The bot posts the opportunity to Alex's Telegram group. Fifty people see it.

the buyer enters.

Sam sees the post. Thinks XRP is going up this week. Wants directional exposure without buying spot and holding risk.

Sam pays $50 premium and locks $100 margin. Total commitment: $150. That's the max loss. Known before entry.

nobody holds anything.

Alex's deposit → escrow.
Sam's margin → escrow.
Sam's premium → escrow.

Three escrows. One multisig wallet. Two signers. The ledger holds custody. Not Alex. Not Sam. Not the bot. Not a pool. Not an exchange.

the position runs.

10 days. The bot watches the AMM rate every 12 seconds. The margin meter ticks. If it hits 90%, both wallets get a soft liquidation notice. If it hits 100%, the pre-signed hard liquidation fires automatically.

The math makes gaming irrational. Both parties are protected by game theory, not trust.

settlement.

XRP moved 7% in Sam's favor. The AMM swaps back.

Alex gets 1,000 RLUSD back. Made whole.
Sam gets $70 surplus. Margin returned in full.
Premium $50 → Alex.

Sam's net: $70 surplus − $50 premium = +$20 profit

Alex's month.

Three contracts. 10-day cycles. 5% premium each.

$150 gross. ~$30 in fees. $120 net on $1,000 locked capital.

That's 12% monthly. The deposit comes back every time. Recycled capital, recurring premium.