02 · Trade
Best Net Edge, Both Legs, Then The Boundary
The Feed quotes every whitelisted ticker in its Uniswap v3 USDG pool through the quoter and pulls the mark and funding from HIP-3 xyz; that mark is the reference, and the Chainlink Robinhood equity feed guards it (24/5, 0.5% deviation, 24 h heartbeat: a stale or distant round means no trade). The Router prices the hedge on HIP-3 xyz by net edge and sizes the leg. The Executor swaps through the vault (whitelisted router, whitelisted tokens, per-transaction and daily caps) and places the perp, both together, and squares the delta if one side fills only partially. The budget sits in the vault as USDG and the HIP-3 margin is USDC already at the venue, so no bridge is on the critical path. Before the 10th minute ends the hedge is closed and the stock tokens bought with the round's budget move into the distributable basket.