A field of 6 tokenized stocks that turns once a week.
The Inca did not manage their land. They cut it into sectors, planted the sectors in a fixed order, rested one at a time, and every household held a strip in every sector. Nobody chose, nobody timed, and the whole community lived the same season. They called the system muyuy: the turn.
Muyu is that field, over Robinhood’s tokenized stocks. 6 sectors, one stock each, in a ring whose order is graven once. One turn is five NYSE sessions. Each turn one sector is harvested, the sector harvested last turn is sown again, and the rest stand planted. One sector’s share is always at rest, in dollars, and that is where withdrawals come from.
Nothing here is managed. There is no strategy, no keeper and no pool: the field never trades. It opens a window at the Chainlink price with a rebate that climbs through the turn, and whoever finds it worth their while does the work. What a harvest brings back above what its sowing cost is paid to the holders, in dollars. The harvest is the yield.
The ring
Number the sectors around the ring. At turn t, sector t mod N is the harvest: everything it holds is offered for dollars. The sector harvested at turn t − 1 is sown: it buys its stock back with the dollars the harvest brings in. Every other sector stands planted. After N turns the ring has come all the way round.
The windows
The field never trades. Selling a sector into thin liquidity at an hour every bot knows in advance is how a protocol pays its yield to someone else. Instead each turn opens two windows at the Chainlink print: buy the harvest at the print less a rebate, sell into the sowing at the print plus it. The rebate starts at zero and climbs to 1% at the last bell; whoever finds it worth their trouble first does the work. Only while the exchange is open.
The harvest
Every sector remembers its basis: the dollars spent sowing it. When it is harvested, what comes back above the basis is the harvest, paid out on the spot in dollars, pro rata to every MUYU holder. The basis goes back to sow the next sector. The field is replanted at the size it was sown; what it grows leaves as harvest, what it loses it loses. Dividends are in the print, so they are in the harvest.
The fallow
One sector’s share is always at rest, in dollars. That is where withdrawals are paid from, without selling anything. And at any hour, redeem in kind takes a slice of everything — the dollars and every sector’s units — reading no price. Nobody chooses. Nobody times.
Tied in, in whole dollars.
The Inca kept accounts on knotted cords. The last harvests are tied in beside this with the real encoding: tens as simple knots, units as one long knot, a lone one as a figure-eight, zero as a gap.
No harvest has been tied in yet.
Read the whole ledger →Bring seed, or bring your hands.
Deposit dollars and hold a strip in every sector. Or work a window when the rebate is worth it: buy the harvest, sell into the sowing. Both are one transaction, and the field owes nothing to anyone who is not there.