Genesis Deposit Phase Archive

The genesis deposit phase created the first Multiswap pool base and CAV distribution path.

This page records the lifecycle for historical and technical reference.

Lifecycle

1. Prepared — accepted assets, quote params, time window, and distribution settings were configured.
2. Started — the deposit window opened onchain.
3. Depositing — users deposited accepted assets and received receipt balances.
4. Ended — the deposit window completed.
5. Sealed — final deposit values and distribution amounts were computed.
6. Settled — deposited assets moved into reserves and claimable CAV was funded.
7. Claim or refund — receipt balances were consumed through the relevant post-phase path.

Receipt balances

Receipt balances represented the depositor’s accounting position during the phase. After settlement, receipts determined claimable CAV.

Current status

The genesis phase has completed. The live proof phase now focuses on trading, execution quality, quote behavior, accounting, and Effective Depth.