Clear local capital efficiency simulation gates

scripts/validate-capital-efficiency.cjs

@@ -32,6 +32,12 @@ const REQUIRED_CAPITAL_FIELDS = [
   'spread_adjustment_events',
 ];
 
+const STRESS_SCENARIOS = [
+  'crash_40pct_external_asset',
+  'high_vol_sigma_spike',
+  'bank_run_redemption_spike',
+];
+
 function readJson(file) {
   return JSON.parse(fs.readFileSync(file, 'utf8'));
 }
@@ -67,21 +73,43 @@ function main() {
 
   const policy = readJson(path.join(CONFIG_DIR, 'capital-efficiency-policy.json'));
   const maxDeployableLeverage = Number(policy.gates?.maxDeployableLeverage ?? policy.risk?.hardMaxLeverage ?? 4);
+  const gates = policy.gates || {};
+  const maxLiquidationProbability = Number(gates.maxLiquidationProbability ?? 0.02);
+  const maxDrawdownP95 = Number(gates.maxDrawdownP95 ?? 0.25);
+  const maxPegDeviationFrequency = Number(gates.maxPegDeviationFrequency ?? 0.05);
+  const maxExternalLiquidityFloorViolations = Number(gates.maxExternalLiquidityFloorViolations ?? 0);
+  const guard = policy.liveExecutionGuard || {};
+
+  assert(guard.status === 'simulation_only', 'liveExecutionGuard.status must remain simulation_only until external approvals exist');
+  assert(guard.riskDashboardEvidence, 'risk dashboard evidence path is required');
+  assert(guard.operatorRunbookEvidence, 'operator runbook evidence path is required');
+  assert(guard.treasuryLiquidityCommitmentEvidence, 'treasury liquidity commitment evidence path is required');
+  for (const evidencePath of [
+    guard.riskDashboardEvidence,
+    guard.operatorRunbookEvidence,
+    guard.treasuryLiquidityCommitmentEvidence,
+  ]) {
+    assert(fs.existsSync(path.join(ROOT, evidencePath)), `evidence path missing: ${evidencePath}`);
+  }
 
   const baseline = runScenario('hub_only_11').json;
   assert(baseline.capital_efficiency_enabled !== true, 'hub_only_11 unexpectedly enabled capital overlay');
 
   for (const scenario of [
     'chain138_deployed_capital_efficiency',
-    'crash_40pct_external_asset',
-    'high_vol_sigma_spike',
-    'bank_run_redemption_spike',
+    ...STRESS_SCENARIOS,
   ]) {
     const scorecard = runScenario(scenario).json;
     assert(scorecard.capital_efficiency_enabled === true, `${scenario} did not emit capital overlay`);
     for (const field of REQUIRED_CAPITAL_FIELDS) {
       assert(Object.prototype.hasOwnProperty.call(scorecard, field), `${scenario} missing ${field}`);
     }
+    if (STRESS_SCENARIOS.includes(scenario)) {
+      assert(scorecard.liquidation_probability <= maxLiquidationProbability, `${scenario} liquidation probability exceeds gate`);
+      assert(scorecard.max_drawdown_p95 <= maxDrawdownP95, `${scenario} p95 drawdown exceeds gate`);
+      assert(scorecard.peg_deviation_frequency <= maxPegDeviationFrequency, `${scenario} peg deviation frequency exceeds gate`);
+      assert(scorecard.external_liquidity_floor_violations <= maxExternalLiquidityFloorViolations, `${scenario} external liquidity floor violations exceed gate`);
+    }
   }
 
   const a = runScenario('crash_40pct_external_asset').raw;