Streaming Proceeds

When you buy tokens on Streamlock, they're not sent directly to your wallet. Instead, they're placed in a stream - a smart contract escrow that releases tokens based on conditions.

---

What is a Stream?

A stream is your locked token position with:

• Your tokens: Held in escrow

• Target price: The price at which tokens fully unlock

• Oracle feed: Monitors the current market price

• Unlock conditions: Rules for when tokens become withdrawable

Think of it as a smart vault that opens progressively as price conditions are met.

---

How Unlocking Works

Unlocking is all-or-nothing:

Price Progress          Tokens Unlocked
    0% to target    →        0%
   25% to target    →       0%
   50% to target    →       0%
   75% to target    →       0%
  100% (at target)  →      100%

Only ape what you can afford to lose forever.

---

Stream Lifecycle

1. Creation (Buy)

When you buy tokens:

• Tokens are transferred to Streamflow escrow

• Stream is created with your parameters

• Oracle feed is attached for price monitoring

2. Monitoring

While you hold:

• Oracle continuously tracks market price

• Unlock percentage updates as price moves

• You can view progress in "My Streams"

3. Withdrawal

When tokens unlock:

• Withdraw to your wallet, OR

• Sell directly for SOL

• Proceeds distributed based on your entitlement

---

Entitlement Rights

Here's where it gets interesting. Your stream doesn't just track tokens - it tracks entitlement rights.

When your stream is created, you own 100% of the entitlement (10,000 basis points).

Through the gaming system, these rights can change:

• Win a game → Gain entitlement in someone else's stream

• Lose a game → Someone else gains entitlement in your stream

When the stream settles, SOL proceeds are distributed based on final entitlement percentages.

---

Example: Entitlement Transfer

Initial state:

• Alice owns 100% of her stream (10,000 bps)

After a poker game where Alice loses 30% to Bob:

• Alice owns 70% of her stream (7,000 bps)

• Bob owns 30% of Alice's stream (3,000 bps)

When Alice's stream unlocks and sells for 1 SOL:

• Alice receives 0.70 SOL (70%)

• Bob receives 0.30 SOL (30%)

Bob gained claim rights on Alice's position without the tokens ever moving - until unlock.

---

Settlement

When you're ready to exit:

1. Settle Stream: Withdraws unlocked tokens and sells them for SOL

2. Claim Proceeds: Each entitlement holder claims their share

The "Close Position" button handles both steps automatically.

---

Key Points

• Tokens are locked until price conditions are met

• Unlocking is progressive, based on price progress

• Entitlement rights can transfer through gaming

• Final SOL distribution follows entitlement percentages

• You don't lose tokens by playing games - just claim rights

---

Related Concepts

• Target Price & Unlocks - How target prices work

• Freeze & Unlock Windows - Timing mechanics