Questions, answered at length.

An Overtone is a fungible ERC-20 minted against your share of a Resonator — a managed liquidity position. The position stays in the pool and keeps earning; the Overtone is the part you can move. Send it, lend it, or post it as margin, and the fees keep accruing to whoever holds it.

In acoustics an overtone is a harmonic that rings above the fundamental — a second sound carried by the same string. Here the position is the fundamental and the yield-bearing claim on it is the overtone: same capital, a separate thing you can actually trade.

By identity, not by oracle: one Overtone redeems for its pro-rata share of the Resonator’s holdings at the moment of redemption. The redemption value is computable on-chain from pool reserves, so the secondary price has a hard floor to arbitrage against.

You stop earning; the recipient starts. Yield follows the token, not the depositor — that is the whole design. There is no checkpointing, no claim step, and nothing to forfeit: accrual is continuous inside the share price.

You sign an intent — what you want, at what limit — rather than a route. Antiphase batches intents off-book, nets opposing flow against itself first, and settles only the residual against the pools. Nothing legible sits in a public mempool, so there is nothing there to front-run.

Noise-cancelling headphones kill a sound by playing it back inverted — two waves in antiphase sum to zero. Netting does the same to order flow: a buy and a sell of the same size cancel each other before either reaches a pool, and what the market hears is the small remainder, not the trades.

Three specific things: intents are encrypted until the batch closes, batches clear at one uniform price so ordering inside a batch is worthless, and the residual settles through private lanes. It does not mean "trust us" — the batch clearing rule is public and checkable.

The Fundamental desk routes tokenised equities against aggregated depth, with the same intent flow as crypto. Every fill is simulated before you sign, so the slippage you see is the slippage you pay — not the quote at the top of a book you never reach.

On this site, no — every figure shown is illustrative and the demo badge in the footer says so. The desk design assumes real tokenised-equity liquidity at launch; nothing here samples a live feed yet.

The Resonator contract — a v4 Hook-managed pool position — and nothing else. There is no custodian, no operator wallet, and no standing allowance beyond the exact amount you approve per action. Withdrawal is a permissionless call that no pause can block.

Not yet. The contracts are pre-audit, and the security page lists what is done, what is scheduled, and what a responsible disclosure will pay once the programme opens.

Fee splits, mode parameters, and the strategy allowlist — each behind a timelock long enough to exit first. Governance cannot touch user balances, cannot block redemptions, and cannot upgrade the vault out from under a depositor.