Scene Handbook
Docs
The product mechanics people actually ask about inside the app. Start with funding if you are trying to understand why a trade pays or costs you each week.
Crowding
What funding means on Scene
Funding is the crowding cost of holding a position. If too many people are leaning the same way on an artist, that crowded side pays the other side.
Scene currently settles funding weekly. If an artist is crowded long, longs pay shorts. If an artist is crowded short, shorts pay longs.
Projected funding is an estimate based on the latest crowding read. The actual transfer hits your coin balance when the weekly settlement runs.
Quick Read
- Crowded long means longs pay shorts.
- Crowded short means shorts pay longs.
- Balanced markets show little or no funding.
Direction
Longs and shorts are your directional call
A long means you think the artist will gain traction. A short means you think the artist will lose traction.
Scene tracks those calls against listener movement, then layers crowding mechanics like funding on top.
Quick Read
- Long if you want upside from growth.
- Short if you want upside from decline.
- You can be directionally right and still pay funding if your side gets crowded.
Sizing
Conviction changes how hard you press a trade
Conviction is your position size. Higher conviction puts more of your portfolio behind the call.
That makes the trade matter more. If it works, the win is bigger. If it goes against you, the damage is bigger too.
Quick Read
- Standard is the default size.
- Higher conviction uses more capacity.
- Higher conviction also scales funding up or down with the trade.
Limits
Capacity is the room you have to size positions
Capacity is the budget your portfolio uses for open positions. Bigger trades consume more of it.
This is how Scene stops every trade from being max size by default.
Quick Read
- Each open trade uses capacity.
- Higher-conviction trades use more capacity.
- If you run out, you need to close something or expand room before opening more.
Positioning
Open interest shows how many positions are open
Open interest is the total number of active positions on an artist. The long and short split tells you how crowded each side is.
That crowding is one of the inputs Scene uses to estimate funding.
Quick Read
- High open interest means a lot of live attention.
- A heavy long / short imbalance is what creates crowding.
- Open interest is not the same thing as listener growth. It is trader positioning.
Balance
Credits are the in-app balance that funding settles into
Credits are the balance used for rewards, store items, and funding transfers.
When funding settles, the payout or charge lands here automatically. That is why the credits page shows weekly funding history alongside claims and rewards.
Quick Read
- Rewards increase your balance.
- Funding can either add to it or subtract from it.
- If your balance gets too low, Scene applies the funding floor instead of letting debt run forever.