Magpie

Ring-fence

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The protocol lends real LISTA into your vault, and that principal must never be mistaken for reward. The vault enforces a ring-fence so a claim or sweep can only ever move genuine reward, never the lent LISTA.

Invariant, re-checked after every claim
LISTA balance of vault ≥ LISTA allocated to vault
LISTA inside a Tier-1 vault
10,000lent principal (locked)
120free LISTA above it
Only the part above the allocation can ever leave the vault as yours.

How it holds#

  • A reward is measured as the balance change the distributor causes, so principal sitting in the vault is never counted as reward.
  • The distributor comes from the treasury registry, never from the caller.
  • Claims are refused while the vault is over-allocated for your tier.
  • Your own actions never spend vault LISTA: deposits are pulled from your wallet, and loans in LISTA are refused.

Sweeping free LISTA#

LISTA that lands in your vault above the allocation (for example sent there by mistake) can be swept to your wallet. It is charged the Holder Boost fee, so sweeping can’t be used to dodge it.

Example · Sweep
Vault holds / allocated
10,120 / 10,000
Free to sweep
120
Fee 25%
30
Sweep 121
reverts (would break the ring-fence)
You receive
90 LISTA