Varve

Varve measures who holds a token over time, not who holds it at the instant somebody takes a snapshot. Your weight is the area under your balance curve: every token multiplied by every second you actually held it. Buying an hour before the cut earns an hour of weight, not an epoch of it — and holding twice as much for half as long is worth exactly the same. All arithmetic is integer. Base units times seconds, for a nine-decimal token over a month, leaves floating point behind before the first day is out. Before anything is divided, the chain is asked who owns each account. AMM vaults, bonding curves and escrows are excluded — paying them means the market pays itself while every real holder is quietly diluted. Every reading published states the window it covered and how much of the supply it could see. Coverage is never claimed to be complete, and a figure that could not be read shows an em dash, never a zero.

Reading trades.