Pearl certificates, TEE verification, a vendor quorum and minting on Ethereum.
Where work proofs, checkpoint signatures and transaction proofs are checked.
A capped withdrawal, a fixed payout list and a review window before payout.
An independent watchtower can sweep an unexpected batch before the window closes.
Delayed rekeying, a watchtower veto and the separate council recovery path.
The deposit and redemption routes, with the chain and custody steps identified.
What TEE verification and covenant rules constrain, and what remains trusted.
Confirmations, caps, cancellation windows and pause behaviour.
Each stage receives a slow outline. The labels stay visible throughout. The SVG follows reduced motion preferences; every loop also has a static PNG.


Six seconds per loop at 1200 × 675. The loop explains a sequence; its duration is not a transfer estimate. Close “Play loop” to hide it.
Use the mechanism and its trust assumptions together.
Attesters verify Pearl’s work certificates inside TEEs. Ethereum checks their checkpoint signatures and the deposit’s inclusion proof. Ethereum does not verify Pearl’s mining certificate directly.
The covenant constrains funds. A watchtower checks whether the batch matches Ethereum and must act inside the window. The signer quorum, governance, correct code and independent chain data still matter.
D, D2 and DRekey are configured delays in blocks. Keep those symbols when no deployment parameters are supplied. The editable SVGs retain text; the display SVGs outline it for consistent rendering. Use the bundled Manrope and Geist Mono fonts to edit labels.