Vol. IV · No. XXIX · Markets Section →
Wednesday, the XXXth of April, MMXXVI
Three Pence · Bound & Verified

The Governance Broadsheet

— A Weekly Concerning Epistemic Markets, Allocations & the Common WorkNet —

Live · Settlement at Wed XII:00 UTC GOV-1 +0.0421 WN-VAULT 0.2718 WN-ROUTER 0.4096 WN-INDEX 0.3186 Σ Pⱼ = 1.0000 Markets open · 7 Stakers active · 1 134 Epistemic μ 0.6234 WAL ack p99 1.84 ms Engine threads 21 Chain: Base · 8453 Press: Letterpress No. 2 · Cuvée 26
Chapter the First · The Mechanism

On the Allocation of Common Power,
and the Quiet Arithmetic of Consensus

The protocol does not vote with hands raised, but with chips placed; and at week's end, the price itself becomes the verdict.

Once weekly, on the stroke of Wednesday twelve, the chips of every Staker are reset to a quantity equal to their AWP Power, and the order books are unsealed. From that instant until the following noon, two instruments operate in concert — a vote, recorded but unrevealed, and a market in which the same probabilities are bought and sold. The reconciliation of the two, on the seventh day, produces an emission vector Wj, the canonical answer.

Wednesday's vote is the private intent; the trade is the public price. Where they agree, the principal is rewarded for predictive accuracy (μ) and corroborative honesty (α); where they diverge, the loss is metered precisely — never punitively. The settlement engine produces a single epistemic score per principal in [0, 1], written to chain the moment Tuesday's bell tolls.

The simplex constraint, Σ Pj = 1, is never enforced at the protocol's gate. Arbitrage maintains it. Nothing in the engine prevents a vote from departing the simplex; the only retort is that such a vote is, by construction, ill-formed and will be discarded as a 400.

Plate I · The probability simplex of three WorkNets ● live · epoch CCXIV · t−23h14m
WN-VAULT P₁ WN-ROUTER P₂ WN-INDEX P₃ [1, 0, 0] [0, 1, 0] [0, 0, 1] P
EPOCH CCXIV Wed XII:00 UTC
Chapter the Second · The Cycle

The Week Turns,
and so does the Treasury.

Every market lives precisely seven days; opening on Wednesday's chime, closing — first to votes, then to trades — a clean ratchet of phases.

Phase I
Voting + Trading
Wed 12:00 → Thu 12:00
Phase II
Trading Only
Thu 12:00 → Tue 12:00
Phase III
Settling
Tue 12:00 → Wed 12:00
Phase IV
Completed
archived; Wⱼ on chain

The Markets Ledger

Closing values · the XXIXth hour
Index base · epoch I · ✦ 1 000 000
WorkNet Operator P mid P Δ 24h Vote distribution Volume Open orders Stakers
Vault WN-VLT · 1 Caelum Holdings 0.2718 +0.034 61 942 184 312
Router WN-RTR · 2 Mercator & Co. 0.4096 +0.011 94 187 271 488
Index WN-IDX · 3 Pantheon Index Press 0.3186 −0.045 28 401 96 198
Forum WN-FRM · 4 The Speakers 0.0820 −0.002 5 028 19 61
GovNet WN-GOV · ★ The House of the Common Vote 0.1900 +0.002 1 134
Plate II · Specimen of the K-line, WN-RTR · 1m ● live · last 60 buckets
Plate III · Epistemic Top-Roll, epoch CCXIII μ ≥ 0.5 ·  n = 9

Epistemic Honours μ · settled

  1. iCaelia Vance 0xa3 · 1F0.9412
  2. iiOctavian Rho 0x71 · 900.9128
  3. iiiHesperí Daun 0x0c · A40.8807
  4. ivWren & Sons 0x9d · 310.8419
  5. vM. Sourabh 0xff · 7E0.8024
  6. viLattice MM 0x42 · 2D0.7611
  7. viiAurelia Index 0xb8 · 040.7402
  8. viiiP. Quint Bot 0x55 · CC0.6903
  9. ixPantheon Press 0x10 · 1A0.6418
Chapter the Third · The Compendium

A Brief, Ordered Index of Endpoints.

Three transports, one envelope. REST for the resourceful, JSON-RPC over WebSocket for the impatient, and GraphQL for those who must — in a single query — know everything.

REST / v1

GET
/health
Liveness · returns “ok”
GET
/auth/info
EIP-712 domain + protocol version
GET
/markets
Public market index
GET
/markets/{id}
Schedule, worknet set, status
GET
/leaderboard/epistemic
Top μ for a given epoch
POST
/orders
Submit · signed · HTTP 201 on accept
DEL
/orders/{id}
Cancel · idempotent
POST
/orders/cancel-batch
Up to 500 ids
POST
/positions/split
chips → shares, fans across worknets
POST
/epochs/{id}/votes
Inner-signed simplex vote

WebSocket JSON-RPC 2.0

WS
auth.hello
Connection-bound signature
WS
subscribe
Topics: book.{wn}, klines.{wn}.{i}, fills.me, orders.me, phase
WS
orders.submit
Same wire body as REST
WS
orders.cancel
Requires market_id (partition key)
WS
positions.split / merge
Atomic per-worknet fan
WS
votes.submit
Inner EMGVote typed-data
WS
batch.config
{ atomic, max_size }
WS
ping
Heartbeat; carries server clock

GraphQL / v1/graphql

QRY
currentEpoch
Phase, schedule, anchor
QRY
staker(id)
Resolves DataLoader-batched fields
QRY
market(worknetId)
Joins worknet metadata + price
QRY
klines(wn, interval, from, to)
Drawn from continuous aggregates
QRY
leaderboard(metric, limit)
EpistemicScore today; pnl/roi pending
SUB
bookUpdates
Mirrors book.{wn} delta stream
SUB
phaseTransitions
Boundary events incl. settlement
SUB
ownFills / ownOrderUpdates
Auth-required; per-principal
Chapter the Fourth · The Seal

Every request is sealed,
or it is not a request.

Five headers, one digest, one signature. The verifying contract is the cornerstone; mismatch is the failure mode.

Each principal carries a monotonic nonce per signing-domain; each timestamp must lie within five minutes of the server's clock; each body is hashed and bound into the typed-data digest. Recovery ought to yield the actor address — or the request is refused with a clear, indexed code from the canonical book of errors.