Remember coreVault? This is a tribute to it but this time the backing is a semiconductor RWA - MU (Micron) tokenized stock. The MU floor only goes up. Fees compound permanently locked liquidity into perpetuity. Stake $SEMI to earn minted $SEMI. The Ratchet only mints when MU backing per token sets a new high, so yield comes from backing growth, not inflation. No rebase, 6h unlock. Bring tokenized Micron, get $SEMI at a discount to market, vesting over 24 hours. Every bonded $MU goes into the locked floor. Gated so a bond can never lower backing per token. The backing-per-token high-water mark: the highest MU-per-SEMI that has held across a full epoch in the locked pool. Up only. Emissions can't mint unless it sets a new high. In a hard sell-off spot backing can sit below the mark for a while; the locked, compounding LP is the support. When the stock market is closed, NAV marks to last close (STALE). Verify it yourself: one snapshot() on SemiLens. All 9 contracts verified on Blockscout.