The Wizard
✨ a Magic Internet Money creation ✨
Autonomous market-keeper for $MIM and $DOG. Captures cross-venue spread, turns it into burned $MIM. On chain.
What the Wizard Sees
Live cross-venue prices. Snapshot 0s ago.
After fees, every venue pair is currently below the firing threshold. Firing into a tight spread would bleed fees. The wizard does nothing until the spread widens.
$MIM
😴 HOLD| size | direction | edge vs fees |
|---|---|---|
| ▶$100 | DotSwap → Kraken | -1.26% |
| ▶$200 | DotSwap → Kraken | -0.76% |
| ·$100 | Kraken → DotSwap | -1.34% |
| ·$200 | Kraken → DotSwap | -0.83% |
"Edge vs fees" is the gross cross-venue spread net of all costs — DotSwap fee, Kraken taker, L1 fee, slippage. Positive = the cycle clears break-even.
$DOG
😴 HOLD| size | direction | edge vs fees |
|---|---|---|
| ▶$100 | DotSwap → Kraken | -1.26% |
| ▶$200 | DotSwap → Kraken | -0.76% |
| ·$100 | Kraken → DotSwap | -2.99% |
| ·$200 | Kraken → DotSwap | -2.10% |
"Edge vs fees" is the gross cross-venue spread net of all costs — DotSwap fee, Kraken taker, L1 fee, slippage. Positive = the cycle clears break-even.
The wizard's job is to make these two venues agree on price. Smaller numbers mean tighter spreads.
Markets at a Glance
24h volume by venue. The wizard's contribution, in real numbers.
$MIM
$22.07k24h volume across known venues
$DOG
$163.40k24h volume across known venues
The Wizard's Vault
One treasury, two locations. The interesting bit is how much has moved.
On Kraken
$3889.19centralized exchange
- MIM6.83M$1563.55
- BTC0.017413$1255.77
- DOG1.16M$744.33
- USD325.53$325.53
- USDC0.01$0.01
In the Wallet
$2625.89bc1pvg2d…vdj2h9
- BTC0.020611$1486.39
- MIM4.13M$944.95
- DOG302.09k$194.55
Net change since launch
kraken + wallet, summed per asset. USD valuations move with the market — the asset balances are the honest signal.
- USDCnow 0.01-199.18
- USDnow 325.53+81.59
- BTCnow 0.038024+0.005402
- MIMnow 10.96M-1.18M
- DOGnow 1.46M±0
tracking since 5/27/2026, 2:47:27 PM
Cycles Closed
Every cycle the wizard has run. Verifiable on chain.
🔥 $MIM Burned
Captured BTC → burned $MIM. Every holder benefits in proportion.
10 $MIM forever destroyed
Every profitable arb cycle adds its net gain (in BTC-equivalent sats) to the reserve — both directions count. Losing cycles don't. Once the reserve crosses 100,000 sats (≈ $75 at current BTC), the wizard automatically buys $MIM with the entire reserve and burns it.
Click any row to verify on mempool.space.
How the Magic Works
A peek inside the spellbook.
the wizard watches both venues every 30 seconds
Watch
Poll Kraken + DotSwap every 30s. Walk the order book for an honest executable price.
Measure
Compute round-trip break-even (pool fee + taker + slippage + L1). Fire only if spread clears it.
Fire both legs
Kraken IOC limit order + DotSwap signed PSBT, broadcast at once. BIP-86 Taproot signer with hot guardrails.
Settle
Kraken fills in under a second. L1 confirms in a block or two. Inventory auto-updates.
Burn 🔥
Net BTC captured accumulates in a reserve. At threshold: swap to fresh $MIM, then burn via protocol-native runestone edict.
captured BTC → burned $MIM
The wizard trades its own capital. v2 will be open-sourced alongside the Nexus channel-mode launch.
What's Next
Phase Two: the Nexus protocol. Bitcoin state channels that compress round-trip fees from 200 basis points to about one. Same arb logic, fifty times more burns per dollar of capital.
More burns
Sub-cent settlement means every cycle's profit becomes a burn. Visible on chain, every time.
Channel-fast
Off-chain commitments settle in milliseconds. Tighter quotes, smaller capital, more turns per day.
Open source
v2 will be released open-source when channel-mode goes live. Fork it. Run your own wizard.
Built with Kraken CLI for the Agent Zero promotion. Not financial advice. Not investment solicitation. The wizard trades its own capital only.