Protocol

Keys

These are machine keys run by the operator. There is no program: records are Memo transactions signed by the keeper, and the USDC sits in the keeper's token account until it is split.

Counts

Formulas

price           = 500 USDC units (0.0005 USDC) x items in the request
burn share      = floor(usdcUnits x 7000 / 10000)
protocol share  = usdcUnits - burn share
free tier       = 200 items a day per IP (UTC day)
holder quota    = 2,000 / 20,000 / 200,000 a day at 1,000 / 100,000 / 1,000,000 $WAFER
ledger hash     = sha256(canonical JSON of the hour's entries, sorted by time then id)

Memo format

hyperwafer:receipt:v1 {"hour":"2026-10-30T17","calls":12,"paid":4,"usdcUnits":"2000",
  "burnUnits":"1400","protocolUnits":"600","entries":5,"ledger":"<sha256>","feeBalanceUnits":"2000"}
hyperwafer:burn:v1 {"usdcUnits":"...","waferBurned":"...","mint":"...","swap":"<sig>","burn":"<sig>"}

Anyone can recompute a receipt: fetch /api/ledger?hour=2026-10-30T17, hash the canonical JSON of entries and compare with the Memo. IPs are stored as a one-way hash.

Signature verification

Every hyper_ answer is signed over sha256(canon({method, params, data, hypercoreTime, servedAt})). See Signed answers.

Receipts