The surplus doctrine: when execution beats the quote, the user keeps the difference
BlazePhoenix Engineering · updated 2026-07-17 · 5 min · written from the deployed bytecode
Abstract in 15 languages · resumo · resumen · 摘要 · 要旨 · ملخص
English — When execution lands better than the quote, the difference goes to the trader, fee-exempt — enforced in immutable Router bytecode, and verifiable per fill by replaying quotes at historical blocks.
Português — Quando a execução sai melhor que a cotação, a diferença vai para o trader, isenta de fee — imposto no bytecode imutável do Router e verificável fill a fill reproduzindo cotações em blocos históricos.
Español — Cuando la ejecución resulta mejor que la cotización, la diferencia va al trader, exenta de comisión — impuesto en el bytecode inmutable del Router y verificable por operación reproduciendo cotizaciones en bloques históricos.
Français — Quand l'exécution dépasse la cotation, la différence revient au trader, hors frais — inscrit dans le bytecode immuable du Router et vérifiable ordre par ordre en rejouant les cotations aux blocs historiques.
Deutsch — Fällt die Ausführung besser aus als der Kurs, geht die Differenz gebührenfrei an den Trader — verankert im unveränderlichen Router-Bytecode und pro Fill nachprüfbar durch Replay der Kurse an historischen Blöcken.
Русский — Если исполнение оказывается лучше котировки, разница достаётся трейдеру без комиссии — это зашито в неизменяемом байткоде Роутера и проверяется по каждой сделке повтором котировок на исторических блоках.
Türkçe — Yürütme fiyat teklifinden iyi sonuçlanırsa fark, komisyonsuz olarak yatırımcıya gider — değişmez Router bytecode'unda zorunlu kılınır ve tarihi bloklarda teklifler yeniden oynatılarak işlem başına doğrulanabilir.
العربية — عندما يأتي التنفيذ أفضل من السعر المعروض، يذهب الفارق إلى المتداول معفى من الرسوم — مفروض في بايتكود الموجّه غير القابل للتغيير وقابل للتحقق لكل صفقة بإعادة تشغيل الأسعار عند الكتل التاريخية.
हिन्दी — जब निष्पादन कोट से बेहतर होता है, अंतर ट्रेडर को मिलता है, बिना शुल्क — अपरिवर्तनीय Router बाइटकोड में लागू, और ऐतिहासिक ब्लॉकों पर कोट दोहराकर हर फिल के लिए सत्यापन योग्य।
日本語 — 約定が見積もりを上回った場合、その差額は手数料なしでトレーダーのものになります。不変のRouterバイトコードで強制され、過去ブロックで見積もりを再実行すれば約定ごとに検証できます。
中文 — 当执行结果优于报价时,差额归交易者所有且免手续费——由不可变的 Router 字节码强制执行,并可通过在历史区块重放报价逐笔验证。
한국어 — 체결이 견적보다 좋게 나오면 그 차액은 수수료 없이 트레이더에게 돌아갑니다. 불변 Router 바이트코드로 강제되며, 과거 블록에서 견적을 재실행해 체결 건별로 검증할 수 있습니다.
Bahasa Indonesia — Saat eksekusi lebih baik dari kuotasi, selisihnya menjadi milik trader, bebas biaya — dipaksakan dalam bytecode Router yang tak dapat diubah dan dapat diverifikasi per transaksi dengan memutar ulang kuotasi di blok historis.
বাংলা — যখন সম্পাদন কোটের চেয়ে ভালো হয়, পার্থক্যটি ফি ছাড়াই ট্রেডারের কাছে যায় — অপরিবর্তনীয় Router বাইটকোডে প্রয়োগকৃত, এবং ঐতিহাসিক ব্লকে কোট পুনঃচালনা করে প্রতিটি ফিল যাচাইযোগ্য।
Filipino — Kapag mas maganda ang execution kaysa sa quote, ang diperensya ay mapupunta sa trader, walang bayad — ipinatutupad sa hindi nababagong Router bytecode at nabe-verify bawat fill sa pamamagitan ng pag-replay ng quotes sa mga historical block.
Markets move both ways inside a block. When execution lands BETTER than the quoted plan, most venues quietly keep the difference — positive slippage becomes house revenue. In the BlazePhoenix Router, the surplus path is explicit bytecode: output above the quoted netOut is forwarded to the recipient, and the 0.28% protocol fee (PROTOCOL_FEE = 28 bps) is charged on the QUOTED output only — the surplus rides free.
This is a doctrine, not a feature flag: an immutable contract cannot be quietly reconfigured to keep the upside later. The fee is on what we promised, never on your luck.
Verify it per fill
Every fill emits a public Swap event. Re-run the fill's quote at its block (eth_call is free at any historical block) and compare quoted netOut against the executed amount in the event. Any fill where executed > quoted shows the surplus delivered to the recipient. Our quoted-vs-executed record is reproducible by anyone with an RPC — no permission, no trust.
Do not trust this page — reproduce it
Every claim above is checkable against the chain. Start here:
topic0 0xd6d34547c69c5ee3d2667625c188acf1006abb93e0ee7cf03925c67cf7760413 — pull Swap events from the Router and replay quotes at their blocksContracts are verified on every chain we deploy to — addresses in the protocol manifest. Deeper formal treatment: the whitepaper (PDF).