Handbook

What Vouchstone is.

Vouchstone is a standing book that turns a held VOUC balance into the destination of the Trade Cut. This handbook is the holder order: parts, holding, bounds, practice, the live path, verification, what cannot be rewritten, the cut, then the Protocol Note.

The issue is 90,000 VOUC. All of it sits inside the ETH Market at launch. The ETH Market is Uniswap version 4, Ethereum, quoted in ETH. A trade takes a Trade Cut of 2%. Standing on the sending wallet chooses whether that cut goes to Supply Rest or to Book Thicken.

Standing is a mark, not a token. It is a mark on a wallet. It accrues by holding through Hold Span. It cannot be bought, sent, or transferred. It ends when the wallet's VOUC balance reaches zero.

• The parts — the two instruments and the four acts.
• Holding and trading — how a Stone Holder meets the ETH Market.
• What it can and cannot do — a table of events.
• Hold Span in practice — two worked cuts.
• Under the hood — where each rule lives.
• Watching it work — how to verify on the explorer.
• What cannot change — from the wallet to the issue.
• Trade Cut — the only charge, with arithmetic.
• Protocol Note — the full rules in prose.

You do not need every page to hold VOUC. You need the ETH Market and a wallet. The rest is so the rules are checkable.