# System Model

WaveSwaps operates as a **single system** exposed through **two independent execution terminals**.

### Conceptual structure

* **Lobby**\
  A neutral entry point that presents available terminals and historical proof views.
* **Terminal A — Teleport**\
  A cross-chain execution interface for inventory-backed token movement.
* **Terminal B — Recycle**\
  A processing interface for permanently removing tokens from circulation and recording participation state.

Each terminal:

* operates independently,
* has its own execution rules,
* does not share balances or guarantees with the other.

Shared branding does not imply shared mechanics.

### Key constraints

* Execution is explicit and user-initiated.
* State is recorded, not owed.
* No terminal implies value preservation or recovery.
* Outcomes are bounded by on-chain rules only.

This model exists to prevent misuse, misinterpretation, and assumption of financial guarantees.