Parameters: the fields that have to move when the curve does

A parameter block is not a preference sheet. Each field is a bet about which failure is cheaper, and on a curve the odds on that bet change as the reserve grows. A size band chosen against a small reserve becomes a different instrument once the reserve has multiplied, even though the number in the field never changed.

The notes in this section take the fields that move most and derive them rather than recommending them. Where a value appears, it is arithmetic with its inputs shown, and the page states what breaks at the bottom of the range and what breaks at the top so the choice can be argued about honestly.

In this section: Pacing and interval, swap size against depth, and the venue split after migration.
Not in this section: Which depth you are at and what the handover needs, which live under phases.
Standing rule: Every value on these pages is derived in the open or supplied by the reader.

3 notes in this section

Pacing, swap size, depth and the venue split are the fields that have to be re-answered whenever the curve moves. Each one is written here with the failure it causes at both ends of its range.

01Mid curve pacing

Pacing turns a budget into a shape, and the middle of a curve is where the shape stops being obvious. Four pacing patterns, the interval derivation, and when to slow down.

Parameter Open the note

02Swap size and curve depth

Size is chosen against the reserve in front of it, not against the budget behind it. Why the same trade behaves differently at three depths, and how the band is derived.

Parameter Open the note

03After the pool opens

Migration replaces one price mechanism with another. What the campaign has to re-point, which parameters survive the move, and what the first post-pool hours are actually for.

Phase note Open the note

The eight fields, and what each end of the range breaks

This is the sheet the phase notes fill in. It is deliberately short, because a block with thirty fields is a block nobody re-derives when the curve moves.

Every field, with the failure it causes at both ends
Field	Unit	What it decides	Too low	Too high
Swap size	SOL per trade	The band each trade is drawn from, set against the reserve sitting in front of it rather than against the budget behind it.	Fees and priority fees take a larger share than the trade itself, so the run buys cost instead of turnover.	The quote moves on every trade and the campaign pays its own slippage on both sides of a round trip.
Interval	seconds	The gap between trades, and whether that gap is fixed, drawn from a range, or triggered by an event.	A burst that empties the allocation in minutes and leaves the rest of the window silent.	Activity so sparse that no chart interval and no observer window ever contains enough of it.
Wallets	count	How many funded signing accounts carry the flow, and how many trades each one is allowed to contribute.	A short list of accounts recycling, which reads as one participant and concentrates every failure.	Account creation, rent floors and sweep transactions on wallets that never carry readable flow.
Buy and sell mix	ratio	How the flow is split between the two directions, which on a curve is also a decision about where the quote ends.	A one-directional run that pushes the quote up and leaves the campaign holding the position it created.	A perfectly balanced round trip that pays two sets of costs to arrive back where it started.
Phase allocation	share of budget	What proportion of the total is committed to each depth of curve before the run begins.	A phase funded too thinly to produce anything readable, which wastes the phase rather than saving the budget.	The budget exhausted at one depth, leaving the transition that mattered most with nothing behind it.
Priority fee	micro-lamports	What each transaction offers for inclusion, which is a congestion decision rather than a campaign decision.	Transactions that expire unlanded, so the pacing curve on paper stops matching the record on chain.	A fee line that grows faster than the flow it protects and quietly rewrites the cost per swap.
Venue	curve or pool	Which mechanism the flow is routed through, which changes at migration whether or not the plan noticed.	A route pinned to a venue that no longer holds the liquidity, so trades fail or fill somewhere unintended.	A split so wide that no single venue shows a change worth reading in any window.
Stop rule	condition	The written condition that ends a phase early, agreed before anyone has an opinion about how it is going.	No rule, so the phase ends when its allocation does and nobody ever takes a decision.	A trigger so sensitive that ordinary variance halts the campaign in its first quarter hour.

A field only has a value once the depth is known

These pages derive the numbers. The phase pages supply the state that decides which derivation applies, and the phase plan is where the two are written down together.