Every stock is an island.
We dig the canal.
Onchain, every stock is an island, with liquidity trapped in its own small pool. CANAL connects those islands into one waterway.
Buy CANAL with —. Board, get paid. Every trade pays the crew and digs the canal.
Just three things.
Every CANAL / SNDK trade carries a 3% fee, split as it enters the canal: a share for the Crew (2.7%) and a share for Pons (0.3%).
Buying and holding CANAL makes you part of the Crew. Home Port fee rewards are available to all CANAL holders; rewards from other Stock Ports are available to the Top 1,000 CANAL holders. Rewards are distributed automatically in SNDK or the corresponding Port's stock token. See the docs for eligibility and distribution rules.
Daily fees open one new port in market-cap order — one new port a day.
The next island
joins the canal.
Queued by market cap, biggest first. — opened yesterday, — is next. New Ports are built as construction assets become available. Current progress is shown on the Ports page.
More flow supports more Ports. Keep digging.
Construction share of non-Home Port LP fees, used to prep —
The same build fund buys back CANAL. SNDK rewards on locked CANAL also feed this path.
Dig the network first.
The canal keeps digging past #101.
The builders' 20 is the same in both phases. The split flips from the first settlement after port #100 opens; port fees flip the same way. See all 100 → · Exact numbers in the docs ↗
Buy back, build out.
What the crew checks daily:
is the canal deeper, and did you get paid?
Four onchain numbers tell you whether the protocol is working. Check once a day.
Paid every day. Automatically.
Buying and holding CANAL makes you part of the Crew. No additional action or staking is required. Crew rewards come from two separate fee streams: Home Port rewards are available to all CANAL holders and are paid in SNDK in proportion to their holdings; rewards from other Stock Ports are paid to the Top 1,000 CANAL holders directly in each Port's corresponding stock token, with one Port taking its turn each hour in a continuous cycle.
Each Home Port trade incurs a total fee of 3% of trading volume: 0.3% goes to Pons and 2.7% goes toward holder rewards. LP fees from other Stock Ports are allocated 50% to Port construction, 30% to Crew rewards, and 20% to the team. From the opening of the 100th non-Home Port onward, the construction allocation falls to 30%, Crew rewards rise to 50%, and the team allocation remains unchanged. See the docs for eligibility, minimum payout thresholds, and distribution rules ↗
CANAL bought back by the protocol can only enter the port-building path. There is no path to sell it back to the market.
Ports interconnect and routing picks the best path. If the CANAL route is deep enough, it wins on its own. More ships, more paid, deeper ports.
The deeper the port, the steadier large orders are. Big ships show up, and the port gets deeper again.
Every trade digs the canal.PAID DAILY. DUG DAILY.
Where does CANAL go?
Bought by the protocol at launch, all of it for ports: the CANAL side of the first seven, then ballast. Locked in the contract, only deployable into ports by rule.
The market's. Open market plus the permanent home pool (CANAL / —). CANAL holders in the open market are the crew — buy, and you're on board.
0% THE TEAM · zero team allocation; the builders earn their pay from fees, and nothing else.