GLOSSARY

Every term linked from the twelve sections, in one place. Definitions are quoted directly from JOBBER-docs-v1.md.

Jobber
LSE market maker, pre-1986. Quoted both sides, took the spread.
I / Thesis
Badge
The physical pass that granted floor access. Three letters and a number.
II / Collection
The floor
The trading hall. You were on it or you were not.
I / Thesis
Turn
The jobber's profit on a round trip.
I / Thesis
Big Bang
27 October 1986. The day the floor died.
I / Thesis
Signatory
One of the 24 brokers who signed the Buttonwood Agreement, 17 May 1792.
II / Collection
Activation
A badge that is not activated earns nothing. This is the whole retention mechanic.
IV / Payroll
Decay
Activation weight falls 25% of its starting value per epoch, linearly, reaching zero after four epochs.
IV / Payroll
Crank
crank() is permissionless. It reads each enrolled asset's balance on the pons escrow, claims it, advances that asset's accumulator index, and pays the caller a small bounty.
V / The Fee Pipe
Enrollment
Any pons creator can call transferCreatorFeeRecipient(token, distributor) on their own launch and point its fees here.
V / The Fee Pipe