Settlement
Settlement is the confirmed transfer on the rail that holds the asset. A settlement layer is that rail: the network, the asset, and the unit the amount is counted in. Yap meters an agent in the denomination of the layer it settles on. A different layer requires a different denomination.
A proposal, a policy decision, and a signature are steps on the way. Settlement is the later record: the network confirms the balance moved. Yap Money Manager can approve the action inside a limit. Yap Signer can sign it on this device. The layer is what makes the transfer final. Later accounting reconciles against that confirmation. Until the confirmation exists, the action is still an attempt.
SOL settlement is the example. The transfer settles in SOL, on Solana. Ethereum is its own layer, and Bitcoin is its own layer. Change the network, the asset, or the unit, and the transfer is on a different layer. Yap Signer already keeps those addresses separate. One popup can show them together. Each transfer still settles on one layer.
These five facts have to agree. When one of them changes, Yap treats it as a new settlement layer and accounts for it in that layer's denomination.
The denomination. SOL settlement is counted in YAP. Limits, fees, and the fill use that number, so they stay the same decision.
The token that actually moves. On SOL settlement that asset is SOL. On the Ethereum layer it is ETH. On the Bitcoin layer it is BTC.
The chain that confirms the transfer. Solana, Ethereum, and Bitcoin confirm their own transfers.
The key that can settle it. SOL uses the Solana address. ETH uses the Ethereum address. BTC uses the Bitcoin address. USDC is the proof that a ticker is not a layer: Solana USDC uses the Solana address, and Ethereum USDC uses the Ethereum address.
The confirmation the wallet and Yap Money Manager can reconcile. That record is the settlement.
This is the settlement example. An agent on this layer spends YAP. SOL is the asset the transfer settles in, and SOL pays the gas.
Coin exists
YAP is the economic unit for agents whose approved actions settle in SOL. The coin is already live.
Ethereum and Bitcoin settle on their own rails. Each transfer uses that layer's asset, that layer's address, and that chain's confirmation.
The asset is ETH. The address is the Ethereum address. Ethereum confirms the transfer.
The asset is BTC. The address is the Bitcoin address. Bitcoin confirms the transfer.
When agent settlement is on, Yap Money Manager chooses the rail from policy and the wallet spends that rail's denomination. On SOL settlement, that denomination is YAP.
Yap Signer 0.3.41 is the current build. It receives and sends SOL, ETH, BTC, BNB, HYPE, and Circle USDC, including USDC on Solana, after you review the transfer. Solana swaps run through Jupiter. The Chrome Web Store listing is 0.3.22.
Crypto settlement on this page is one side of the wallet. People will buy SOL, ETH, or BTC through MoonPay or Stripe, and the coins land in the wallet. Yap's revenue on that buy is a share of what MoonPay or Stripe earn. It is not the customer's card payment. MoonPay is under review. Stripe Crypto Onramp is an application in progress. The hosted checkout domain is crypto.link.com. A live card checkout is closed. A later sale turns crypto into Yap Cash. A partner ramp deposits that into the customer's bank. Yap records a cash-out bonus on that deposit. Yap Signer remains the authorization boundary.