Deposit
A supported balance enters immutable vault custody.
03 / PROTOCOL
The vault isthe source of truth.
No admin dashboard changes the note. State is derived from the contract and transfer history.
Read docs ↗VLM / 03READING NOTE
CUSTODYIMMUTABLE VAULT
STANDARDERC-721 NOTE
TRANSFERPERMISSIONLESS
UNWRAPHOLDER ONLY
HOW IT MOVES
Issue
The contract mints an immediately claimable bearer note with the position facts attached.
Transfer
Ownership moves permissionlessly while the vault balance remains unchanged.
Unwrap
The current holder can burn the note at any time to release the balance.