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Documentation Index

Fetch the complete documentation index at: https://docs.inkwell.finance/llms.txt

Use this file to discover all available pages before exploring further.

CONFIDENTIAL & PROPRIETARY © 2026 Inkwell Finance, Inc. All Rights Reserved. This document is for informational purposes only and does not constitute legal, tax, or investment advice, nor an offer to sell or a solicitation to buy any security or other financial instrument. Any examples, structures, or flows described here are design intent only and may change.

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The structural answer

Dagon’s submission primitive is a six-parameter schedule, not a point order. Schedule amounts are quantized to cents, which gives:
  • Floor: $0.01 per schedule. This is the smallest representable amount in the primitive.
  • Ceiling: ~$42.9M per schedule. This is the largest amount that fits the schedule’s fixed-width integer representation.
Per-schedule, not per-user. A single user can submit multiple schedules per batch; anonymous credential rotation preserves the 1/N lane-anonymity bound across schedules from the same submitter.

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Why a floor at all

Dagon is not a retail venue. Retail-sized micro-transactions are out of scope by design because:
  • The batch-clearing mechanism amortizes per-epoch cost across participants. Below a certain notional the batch economics don’t work.
  • The institutional posture (Reg ATS / MiCA / MiFID II compliance claims) depends on not being a retail gateway.
  • Swapping to a lit AMM is the right tool for small trades; sub-cent execution isn’t what this venue is for.

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What this means per audience

  • Institutional MMs / block desks: the primitive is designed for you. A full six-parameter inventory schedule fits a single submission; curve shapes can cover depth ranging from a few thousand dollars up to ~$42.9M per schedule. Multi-schedule submission scales deeper.
  • Sophisticated individual traders (seven-figure+ portfolios): welcome. There is no gated whitelist beyond the credential. Your execution economics depend on how you size relative to other participants in the same batch.
  • Mass retail: use an AMM. Dagon accepts submissions down to the cent floor, but at that scale the per-batch mechanics don’t give you a better outcome than lit liquidity.

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Credential requirement

Every participant, regardless of size, must hold a valid BBS+ or Coconut credential from a credential issuer. Credentials are issued after KYC (per the issuer’s policy). There is no anonymous deposit. This is the compliance surface that makes selective disclosure possible. It is also the reason Dagon is not a mixer.

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Further reading