Token mechanics
$MOSAIC
One asset holds the mosaic together. Every stage of the pipeline — listing, swapping, settlement — is denominated in $MOSAIC, so protocol usage is continuous buy pressure independent of sentiment.
Fee streams
F_list = φ · V̂ᵢ(0) · listed_notional // one-time, at listing F_swap = f · trade_size // f ≈ 0.30%, every swap F_settle = ψ · settlement_proceeds // at a liquidity event
Fee revenue R(t) is divided by a governance parameter ρ: part
buys back and burns $MOSAIC, part funds research compute. The launchpad literally funds
the lab — all weights released is paid for by listing flow.
Fee params: φ = 0.4% listing, f = 0.30% swap, ψ = 1.0% settlement.
The launchpad literally funds the lab.
Roles of the token
Submit & allocate
Submitting a position to the SOURCE queue and taking an allocation in a primary tile both require holding $MOSAIC. The hold scales with position size, which keeps the queue serious.
Underwrite the band
Staked into a tile's integrity pool, it underwrites that tile's confidence band, earns a share of its fees, and is slashed if settlement error breaches the band. The capital that makes σ honest.
Set what the engine can't
Holders set the listing queue order, the jurisdiction allowlist, the treasury split ρ, the disclosure floor D_min, the listing confidence threshold τ_list, and which comparables the SAGE graph may use.
Continuous buy pressure
Every stage of the pipeline is denominated in $MOSAIC, so protocol usage is a demand floor independent of sentiment.
Integrity staking & backing
Integrity staking
Every claim the protocol makes about an off-chain asset is underwritten by staked capital. Stakers lock $MOSAIC into a tile’s integrity pool and earn a share of that tile’s fees. If the realized settlement error breaches the band —
| P_settle − last_quote | > k · σᵢ
— the integrity pool is slashed and distributed to tile holders as
compensation. Stakers therefore only back bands they actually believe; this is what
makes σ economically honest rather than a number the engine can fudge.
Full risk & failure-mode table →
Backing
Token value is anchored to observable quantities, not narrative:
floor ≈ treasury_value + δ · annualized_fee_run_rate reference_MC ≈ floor + μ · Σᵢ tessellated_notionalᵢ
As the mosaic fills — more real equity tessellated, more fee flow — the reference rises. That is the line. How it all connects →