Zero-Counterparty Ocean Deep Liquidity Automated Swap Mechanism on Bitcoin CashScripts that operate at fixed rates by consensus.
No order book, no liquidity pool, no maker, no slippage. The covenant is the engine.
Potidaea is the counterparty‑free swap engine on Bitcoin Cash — exchanges priced by the covenant itself, settled in a single atomic transaction.
Every backed asset carries its Bitcoin Cash backing inside its own UTXO at a rate sealed at genesis. To swap, you spend your output — the contract releases the other asset at that same backing rate. No one to match, nothing to quote, no depth to run out of.
The mechanism is deterministic, not probabilistic. The floor is an equality the contract enforces at consensus level — not a target the market approaches.
Price is a function of genesis constants, not of market participants.
Every swap clears at rate A ÷ rate B, derived from the backing rates sealed into each asset's covenant at genesis. A one‑unit swap and a million‑unit swap clear at the identical price.
Fees are activity‑funded, never raised. A founder earns from use, not from selling the asset.
Founder fee is sealed at genesis, 0–5%, mint‑only. Protocol fee is ~0.5% on the swap, routed to DEA holders and infrastructure. The economy pays the people whose asset is being used — not the people who issued it.
The city of Poseidon. A Corinthian colony founded around 600 BC at the narrowest point of the Pallene peninsula in Chalcidice, northern Greece.
The city held the sea‑god in such regard that its early coinage was minted featuring Poseidon carrying his trident. Herodotus records the city was saved from the Persian siege of 479 BC by a tsunami, attributed to Poseidon's intervention. Three resonances the name earns at once: coinage, the sea as liquidity, and a city saved by water that answered when it had to. Bitcoin Cash is the liquidity.