The Pons market
SECR starts on a Pons bonding curve paired with ETH. When the curve fills, it graduates to a Uniswap v4 pool with locked liquidity. The Bilinear Pairings and Arithmetic Circuit handle both phases and can trigger graduation.
The Bilinear Pairings
buy and buyToStealth swap ETH for SECR and shield it in one transaction. sell takes a signed unshield, sells, and pays ETH. quote simulates either direction.
Price average
The Quadratic Arithmetic Program keeps an exponential moving average of the spot price, with each step capped at 10%. The Arithmetic Circuit uses it to bound slippage (max 3%), and it turns the relayer gas cost into a suggested SECR fee.