The flock is the vault and the positions it holds. It moves where the holders point, in small steps, and it never holds anything for long.
The flock vault
The flock vault is a contract that holds ETH and open positions. It is funded by the team treasury and controlled by it. The owner can withdraw from the vault at any time. Holders of $MYR have no claim on it.
The vault does three things:
- On each turn, it buys the chosen target.
- On each turn, it checks every open position against the exit rules and sells what the rules say to sell.
- It records everything as onchain events: turns, positions opened and closed, and withdrawals.
The vault value, open positions and closed positions are shown in the Flock tab. Until the vault address is published, they show pending.
Positions
A position is what the vault holds in one target. Each position has an entry value, an age, a current multiple and a next rule to fire. The vault holds at most 12 open positions at once. If that limit is reached, a turn still runs its exits, but it opens nothing new.
Positions close in one of three ways:
- Take profit. At 2×, the vault sells half. The rest trails: it stays open under the same stop and the same clock.
- Stop. At −35% from entry, the vault sells everything.
- Max hold. After 6 hours, whatever is left is closed.
Why small sizes
A single turn uses at most 5% of the vault. There are three reasons.
- Memecoins go to zero. A small size means one bad call cannot empty the vault.
- Thin pools move. A large buy in a thin pool moves the price against the buyer. Small buys, split into 4 chunks, move it less.
- Less to front-run. A small, predictable order is a smaller target for anyone trying to trade ahead of it. See front-running.
Why many turns
The flock turns every 30 minutes. Many small moves, each closed by fixed rules, are easier to reason about than a few large bets. No single target decides the outcome. The rules decide when to leave, not a person watching a chart.
This does not mean the flock makes money. Fixed rules can lose money again and again. A stop can fire and the coin can recover right after. See risks.
Where profits go
What happens to vault profits is the treasury's decision. The part used for buyback and burn is published on this site once it is set. Until then it is pending. See treasury and control.