> For the complete documentation index, see [llms.txt](https://docs.hoard.world/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hoard.world/what-it-will-become/east-district.md).
# The East District
Hatchery, Seer's Tent and Arena: partner markets whose fees buy SPY for nested Hoardlings.
Three buildings sit east of the Vault. They are built, their hosts are in place, and they open in the third phase. None of them creates a HOARD derivative. Each is a partner's market reached from inside Hoard World, and in each case Hoard World's cut is a fee that the Stock Vault converts to SPY for nesting Hoardlings, on the same accounting as the 3% trading fee.
{% columns %}
{% column %}
The Hatchmaster
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The Seer
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The Pit Master
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## The Hatchery: launchpad
Built, and the first of the three to open. Pons deploys the token and its bonding curve; the Hatchery locks the creator's own opening buy on a schedule the creator fixes before launching, takes a $20 launch fee for the Stock Vault, and hands out a card. Everything about it is on [The Hatchery](/the-world/the-hatchery.md) page.
## Seer's Tent: options
Options traded on a partner provider's markets from inside the tent, with the provider's strikes, expiries and settlement. Positions and collateral live with the provider.
Every trade routed from the tent carries a **builder fee** to Hoard World, shown up front. The fee goes to the Stock Vault.
## The Arena: perpetuals
Perpetual futures on a partner provider's markets from inside the Arena, with the provider's leverage, funding and liquidation rules.
Every trade routed from the Arena carries a builder fee to Hoard World, shown up front. The fee goes to the Stock Vault.
## Rewards for the first users
The 8% rewards reserve in the timelock is split into three equal tranches, one per building, streamed over three days to each feature's users by that feature's own distributor when it ships.
## Open decisions
The options and perpetuals providers and the builder-fee levels. The Hatchery's fee and lock schedule are decided (see its page).
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