Wall Street closes.
Solana doesn’t.

AfterBell is an execution and price discovery layer for tokenized real world equities on Solana.

It continuously compares onchain markets against real world fair value, identifies pricing dislocations, verifies market conditions and routes execution through Solana liquidity.

VIEW ARCHITECTURE

NETWORK: Solana
ENGINE: Rust
ASSET CLASS: Tokenized equities
EXECUTION: Onchain
STATUS: Live

cluster=mainnetcommitment=confirmedrpc=healthyslot=362,194,821

WALLET REQUIRED

Terminal access requires a signed Solana session. Connect a wallet to stream live fair value, dislocation scoring and routing.

AFTERBELL / EQUITY DISLOCATION MONITOR17:42:16 UTC

NYSE: CLOSEDNASDAQ: CLOSEDSOLANA: LIVESIMULATED DATA

SYMBOL	FAIR	SOLANA	Δ	LIQUIDITY	SIGNAL
AAPLx	220.10	218.82	-0.58%	$2.84M	BUY
NVDAx	191.42	191.59	+0.09%	$3.18M	FLAT
TSLAx	324.20	328.05	+1.19%	$1.42M	SELL
SPYx	681.20	681.72	+0.08%	$4.73M	FLAT
QQQx	606.54	605.45	-0.18%	$2.11M	WATCH
GOOGLx	196.13	196.24	+0.05%	$987K	FLAT

ACTIVE DISLOCATIONS

KEEPERS ONLINE

LAST SLOT

362,194,821

AVG EXECUTION

420ms

AAPLx218.98 -0.51%·NVDAx191.50 +0.04%·TSLAx328.21 +1.24%·AMZNx230.77 -0.29%·METAx606.88 +0.45%·GOOGLx196.22 +0.05%·MSFTx436.73 -0.49%·SPYx680.72 -0.07%·SOL$181.42·USDC$1.0000·KEEPERS47·VAULT NAV$317,482·BLOCK362,194,821·

00Session map · UTC

00040812162024

NYSE

CLOSED

NASDAQ

CLOSED

OVERNIGHT

ACTIVE

SOLANA

24/7

NOW

Traditional equity sessionCLOSED

AfterBell monitoringACTIVE

Solana settlementACTIVE

Market closed ≠ market stopped.

01Market structure

The stock market has hours.
Onchain markets don’t.

Traditional equity markets operate around fixed sessions.

Tokenized equities on Solana can continue moving outside those sessions.

When liquidity fragments, oracle prices move, extended hours markets react or onchain participants reposition, the executable price of a tokenized stock can temporarily separate from its reference value.

AfterBell exists inside that gap.

Real world reference

AAPL

$220.10

source=consolidated_tape

Fair value engine

median(3 sources)latency 14ms

Solana market

AAPLx

$216.80

venue=onchain_liquidity

DISLOCATION

-1.50%

EXPECTED COST

0.34%

ESTIMATED EDGE

1.16%

SIGNAL

BUY

02Price discovery

A price is not a signal.
Context is.

AfterBell does not compare two numbers. A deviation only becomes an instruction after it survives slippage, execution cost, liquidity depth, realized volatility and the confidence interval of every price source feeding the estimate.

Fair value

FAIR_VALUE = median(
  equity_reference,
  oracle,
  extended_hours_reference
)

Real edge

REAL_EDGE = |market_deviation|
  - slippage
  - execution_cost
  - liquidity_penalty
  - volatility_buffer
  - oracle_uncertainty

Gate

EXECUTE IF REAL_EDGE > RISK_THRESHOLD

FAIR VALUE CALCULATOR · AAPLxengine=fair value@0.1.7

DEVIATION

−EXPECTED SLIPPAGE

−EXECUTION

−VOLATILITY BUFFER

−LIQUIDITY PENALTY

REAL EDGE0.46%

MINIMUM EDGE0.40%

StatusQUALIFIED

threshold 0.40%edge 0.46%

Live equity dislocation matrix

LIVE EQUITY DISLOCATION MATRIXSIMULATED DATA

sort

ASSET	REFERENCE	ORACLE	ONCHAIN	DEVIATION	DEPTH	CONFIDENCE	ACTION
COINx Coinbase Global Inc.	287.31	287.90	291.04	+1.30%	$24K	84.1	SELL
TSLAx Tesla Inc.	324.20	324.55	327.81	+1.11%	$54K	91.1	SELL
MSTRx MicroStrategy Inc.	342.66	343.10	339.42	-0.95%	$27K	82.6	BUY
AAPLx Apple Inc.	220.10	220.06	218.82	-0.58%	$96K	94.2	BUY
METAx Meta Platforms Inc.	604.18	604.02	606.90	+0.45%	$33K	87.3	SELL
MSFTx Microsoft Corp.	438.90	438.84	437.12	-0.41%	$62K	95.1	BUY
AMZNx Amazon.com Inc.	231.44	231.40	230.71	-0.32%	$41K	90.2	WATCH
QQQx Invesco QQQ Trust	606.54	606.40	604.71	-0.30%	$79K	92.8	WATCH
GOOGLx Alphabet Inc. Class A	196.13	196.15	196.18	+0.03%	$37K	96.4	FLAT
NVDAx NVIDIA Corp.	191.42	191.40	191.38	-0.02%	$121K	98.8	FLAT
SPYx SPDR S&P 500 ETF Trust	681.20	681.24	681.31	+0.02%	$188K	99.3	FLAT

rows=11oracle_latency=46mskeeper_consensus=47/47engine=online

MARKET PULSE

normalwatchdislocated

EXECUTION RADAR

x = liquidityy = deviationr = depth

03Execution

Detect. Verify. Execute.

REAL WORLD EQUITY DATA01

consolidated tapeextended hours

ORACLE + REFERENCE ENGINE02

5 sources14ms

AFTERBELL FAIR VALUE ENGINE03

median of 3σ buffer

SOLANA LIQUIDITY04

route scandepth probe

DISLOCATION DETECTOR05

3 activeΔ > 0.25%

RISK ENGINE06

PASS8 checks

TRENCH EXECUTION ENGINE07

RustREADY

SIGNED SOLANA TRANSACTION08

local signingpriority fee

STOCK VAULT / MARKET09

slot 362194821confirmed

Execution log

The network leaves receipts.

afterbell_engine · stdoutbuild=0.1.7

[17:42:00.314]MARKETAAPLx deviation=-0.41%

[17:42:00.321]ORACLEconfidence=99.82%

[17:42:00.328]LIQUIDITYexpected_slippage=0.11%

[17:42:01.335]RISKscore=0.47 threshold=0.40 PASS

[17:42:01.342]ROUTEUSDC → AAPLx

[17:42:01.349]TXconstructing

[17:42:02.356]TXsigned

[17:42:02.363]SOLANAsubmitted

[17:42:02.370]CONFIRMEDslot=362194821

[17:42:03.377]REALIZED_EDGE0.39%

ENGINE UPTIME

99.98%

MEDIAN DECISION LATENCY

31ms

MEDIAN SETTLEMENT

431ms

24H SIGNALS

1,204

EXECUTED

184

04Market safety

Stocks change while
tokens stay onchain.

Tokenized equities are not normal SPL tokens.

Dividends, stock splits, reverse splits and other corporate actions can alter the economic representation of an asset.

AfterBell tracks those events and automatically adjusts or pauses execution when accounting assumptions may change.

RAW BALANCE

100.000000

MULTIPLIER

1.01847

ECONOMIC BALANCE

101.847000

AAPLx · token2022_multiplier_account · verified at slot 362194512

NVDAxDividend adjustment00:00 UTCTRADING GUARD ACTIVE

TSLAxNo scheduled actionn/aCLEAR

AAPLxMultiplier verified17:12 UTCCLEAR

05Verification

Don’t trust the ticker.
Verify the asset.

Per-asset checklist

Recognized token mint
Token metadata
Oracle availability
Proof of reserve status
Multiplier state
Corporate action state
Market liquidity
Price source confidence

NVDAx VERIFIED

Backing: 1:1 equity reserve
PoR: Healthy
Oracle: Healthy
Multiplier: 1.02481
Liquidity: $3.18M
Market: Open on Solana
Execution: Enabled

Data confidence

REFERENCE100%

ORACLE97%

LIQUIDITY84%

RESERVE100%

CORPORATE ACTIONCLEAR

Combined94.2%

06Treasury

Protocol capital, visible onchain.

AFTERBELL STOCK VAULT

8PK2...7YqaVIEW ON SOLANA

NAV

$317,478.88

24H

+$1,382.14

REALIZED EXECUTION EDGE

$18,432

UNREALIZED PNL

+$7,182

CASH RESERVE

28.2%

Allocation

ASSET	QUANTITY	ECONOMIC	VALUE	ALLOCATION	24H	STATUS
USDC	89530.00	89530.00	$89,530.00	28.2%	n/a	VERIFIED
SPYx	85.77	86.80	$58,417.72	18.4%	+0.21%	VERIFIED
AAPLx	181.36	184.71	$39,685.27	12.5%	-0.58%	VERIFIED
NVDAx	195.72	200.58	$37,462.90	11.8%	-0.02%	VERIFIED
GOOGLx	135.99	137.22	$26,668.50	8.4%	+0.03%	VERIFIED
TSLAx	68.77	68.80	$22,541.23	7.1%	+1.11%	VERIFIED
METAx	30.86	30.90	$18,731.45	5.9%	-0.34%	VERIFIED
OTHER	n/a	n/a	$24,445.12	7.7%	+0.12%	VERIFIED

08Decentralized execution

Run the engine.
Compete on execution.

Keepers bond $AFTR, run the Rust engine against their own RPC infrastructure and compete to submit the transaction that captures a qualified dislocation. Execution quality, realized edge versus expected edge, determines reward weighting.

Network graph

TOTAL KEEPERS

TOTAL BONDED

8.42M AFTR

24H EXECUTIONS

184

MEDIAN UPTIME

99.97%

KEEPER #042ACTIVE

Frankfurt

PING

21ms

UPTIME

99.99%

STAKE

184.2K

EXEC

4,812

KEEPER #017ACTIVE

Singapore

PING

38ms

UPTIME

99.97%

STAKE

221.3K

EXEC

6,194

KEEPER #009ACTIVE

New York

PING

71ms

UPTIME

99.95%

STAKE

98.1K

EXEC

3,120

KEEPER #031ACTIVE

Tokyo

PING

44ms

UPTIME

99.93%

STAKE

142.8K

EXEC

4,021

KEEPER #058SYNCING

Amsterdam

PING

26ms

UPTIME

99.98%

STAKE

167.9K

EXEC

5,288

KEEPER #023ACTIVE

São Paulo

PING

93ms

UPTIME

99.9%

STAKE

74.6K

EXEC

1,904

Run a keeper

Infrastructure should be runnable.

# PLACEHOLDER: repository is not public yet, edit GITHUB_URL in src/data/config.ts
git clone https://github.com/afterbell_labs/afterbell
cd afterbell
cp .env.example .env

07Network asset

The coordination layer.

$AFTR is not a synthetic equity and not a redeemable claim on the stock vault. It is the network asset that bonds keepers, weights rewards and governs the risk parameters the engine executes against.

KEEPER BONDING

Operators bond $AFTR to participate in execution infrastructure.

NETWORK INCENTIVES

Keeper rewards align infrastructure operators with the protocol.

RISK GOVERNANCE

Staked participants can participate in protocol parameter governance.

TREASURY ALIGNMENT

Protocol activity contributes to development of the onchain stock treasury.

$AFTR

NETWORK: Solana
TYPE: SPL
SUPPLY: 1,000,000,000
CONTRACT: COMING SOON
LAUNCH: COMING SOON
TREASURY: ONCHAIN
KEEPER STAKE: COMING SOON

Network supply1,000,000,000 AFTR

50%

PUBLIC LIQUIDITY

20%

KEEPER INCENTIVES

15%

PROTOCOL TREASURY

10%

DEVELOPMENT

ECOSYSTEM

Proposed network economics

PROTOCOL REVENUE

60%STOCK VAULT

25%KEEPER NETWORK

15%DEVELOPMENT

PROPOSED NETWORK ECONOMICS · subject to change before launch

Risk engine

No execution
without constraints.

Parameters are enforced in the engine before a transaction is constructed. Values below are read only in the public terminal.

MAX ORACLE DEVIATION1.50%

MAX POSITION SIZE$50,000

MAX SLIPPAGE0.35%

MINIMUM REAL EDGE0.40%

MAX ASSET WEIGHT15%

CORPORATE ACTION LOCK

PROOF OF RESERVE REQUIREMENT

ORACLE HEALTH REQUIREMENT

risk_engine=locked · admin_mode=false · checks=8

Architecture

Built like infrastructure, not a landing page.

DATA LAYER

INTELLIGENCE LAYER

EXECUTION LAYER

SOLANA

APPLICATION

Executions

AFTERBELL EXECUTIONSlast 24h · 184 filled

TIME	ASSET	SIDE	VALUE	EXPECTED EDGE	REALIZED EDGE	SLOT	TX
17:42:02	AAPLx	BUY	$8,400	0.47%	0.39%	362,194,821	5Kz8...pQ7
17:39:44	TSLAx	SELL	$12,150	0.81%	0.68%	362,194,307	3Hn4...yY2
17:31:09	NVDAx	BUY	$6,250	0.43%	0.37%	362,192,889	8Pq1...Mm9
17:22:51	SPYx	BUY	$21,400	0.38%	0.36%	362,191,204	2Rt7...Nk4
17:14:38	METAx	SELL	$9,870	0.62%	0.49%	362,189,671	9Wd3...Pl6
17:03:12	MSFTx	BUY	$15,320	0.44%	0.41%	362,187,433	6Yb5...Zs1
16:58:07	QQQx	BUY	$7,480	0.51%	0.44%	362,186,112	4Ax8...Wj3

explorer=solscan · signatures are simulated placeholders

Why Solana

Market infrastructure needs fast settlement.

SUB SECOND BLOCK PRODUCTION

400ms slots keep signal age below decision latency.

HIGH THROUGHPUT EXECUTION

Keeper competition does not price itself out of the block.

COMPOSABLE LIQUIDITY

Equity legs and USDC settle inside one transaction.

TOKEN2022 SUPPORT

Multipliers and transfer hooks encode corporate actions.

PUBLIC ACCOUNT STATE

Reserve and vault state is readable without an API.

LOW TRANSACTION COST

Sub cent fees make 0.40% edges economically real.

ATOMIC SETTLEMENT

A partially filled arbitrage never leaves an open leg.

Round-trip budget

DETECT31ms

BUILD17ms

SIGN4ms

SUBMIT86ms

CONFIRM431ms

Total569ms

simulated performance envelope

Research

Researching onchain equity market structure.

01MARKET STRUCTURE

Why tokenized equities trade away from NAV

draft · not yet published

02PRICE DISCOVERY

After hours price discovery on Solana

draft · not yet published

03ACCOUNTING

Corporate actions and Token2022 accounting

draft · not yet published

04ORACLES

Oracle uncertainty in thin markets

draft · not yet published

05EXECUTION

Keeper competition and execution quality

draft · not yet published

06SETTLEMENT

Atomic RFQ settlement for tokenized equities

draft · not yet published

Developers

Built in public.

RUSTSOLANATOKEN2022RPCORACLESWEBSOCKETSQUOTESKEEPERS

Repository layout

afterbell/
  apps/
    terminal/
    keeper_dashboard/
  programs/
    stock_vault/
    keeper_registry/
  crates/
    equity_data/
    fair value/
    execution/
    risk_engine/
    token2022/
    oracle/

OPEN SOURCE

MIT / Apache 2.0 dual licensed

AUDITABLE

Deterministic engine, replayable decisions

SELF HOSTABLE

Run the full stack against your own RPC

OPEN GITHUB →

Documentation

DEVELOPERS / API

Market snapshot endpoint

Returns the current reference value, executable onchain price, signed deviation and combined source confidence for a single tokenized equity.

GET /v1/markets/AAPLx

200 · application/json

{
  "symbol": "AAPLx",
  "reference": 220.10,
  "onchain": 218.82,
  "deviation": -0.0058,
  "confidence": 0.942,
  "signal": "BUY"
}

ws=/v1/stream/marketsrate_limit=120/minauth=none (public read)

$AFTR

The network asset behind AfterBell.

X GITHUB DOCS TERMINAL TOKEN DETAILS

TOKEN ADDRESS: Not launched
STATUS: Pre launch
NETWORK: Solana

Wall Street closes.Solana doesn’t.

The stock market has hours.Onchain markets don’t.

A price is not a signal.Context is.

Detect. Verify. Execute.

The network leaves receipts.

Stocks change whiletokens stay onchain.

Don’t trust the ticker.Verify the asset.

Protocol capital, visible onchain.

Run the engine.Compete on execution.

Infrastructure should be runnable.

The coordination layer.

No executionwithout constraints.

Built like infrastructure, not a landing page.

Market infrastructure needs fast settlement.

Researching onchain equity market structure.

Why tokenized equities trade away from NAV

After hours price discovery on Solana

Corporate actions and Token2022 accounting

Oracle uncertainty in thin markets

Keeper competition and execution quality

Atomic RFQ settlement for tokenized equities

Built in public.

Market snapshot endpoint

Wall Street closes.
Solana doesn’t.

The stock market has hours.
Onchain markets don’t.

A price is not a signal.
Context is.

Stocks change while
tokens stay onchain.

Don’t trust the ticker.
Verify the asset.

Run the engine.
Compete on execution.

No execution
without constraints.