Documentation.
Ebbline is a single market with a memory of its own direction. Each trade leaves 2% behind — the Draw — and when a window closes on net outflow, that Draw buys EBBL back and retires it into the Silt. These pages state the whole system, one idea each, in the order a holder meets them.
The partsFour things to understand, no more.
Holding and tradingWhat a trade does, and what settles.
What it can and cannot doThe two lists, then the event table.
An Ebb in practiceTwo windows, traced to the unit.
Under the hookWhere each rule lives, and why it holds.
Watching it workVerify every rule on the explorer.
What cannot changeFrom softest to hardest.
The DrawOne fee, where it goes, a worked example.
The Protocol NoteThe complete rules in prose.