# Bot Pseudo-Code (Watcher + Rebalance)

## Per-pool loop (v1)

```
for each pool (cW* / quote):
  P_oracle = getOraclePrice(T)
  P_pool   = getPoolMidPrice(T)
  δ        = (P_pool - P_oracle) / P_oracle
  inv      = getInventoryImbalance(T)

  if |δ| > circuitBreakBps:
    setState(CIRCUIT_BREAK)
    continue

  if inCooldown(pool):
    continue

  if δ > normalBandBps:
    sell T into pool (size within budget)
    setCooldown(pool)
  else if δ < -normalBandBps:
    buy T from pool (size within budget)
    setCooldown(pool)

  if inv outside threshold:
    schedule inventory re-center (add/remove single-sided T, or bridge)
```

## v2 additions

- **Route selection**: Among pools for same T (e.g. T/USDC, T/USDT, T/DAI), choose edge with lowest slippage + fee; execute there; optionally rebalance quote via DEX.
- **Bridge throttle**: If bridge backlog or risk flag, widen bands or skip trade.
- **Global budget**: Before any trade, check per-token trade budget for current window; skip if exhausted.
- **Min improvement**: Only trade if expected |δ| improvement net of fees ≥ minImprovementBps.

Thresholds and bands from [../config/peg-bands.json](../config/peg-bands.json). Mesh reflexivity from [../docs/07-mesh-reflexivity.md](../docs/07-mesh-reflexivity.md).