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cross-chain-pmm-lps/docs/17-capital-efficiency-contract-blueprint-gate.md
2026-04-27 11:26:55 -07:00

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Capital Efficiency Contract Blueprint Gate

Status: blocked by simulator gates and external institutional prerequisites.

This document is the handoff point for the requested contract blueprint. It intentionally does not define deployable Solidity yet because current local stress results show liquidation under the crash_40pct_external_asset and high_vol_sigma_spike scenarios at the tested 2.5x leverage profile.

Required Before Blueprint

  • node scripts/validate-capital-efficiency.cjs passes.
  • Stress scenarios pass the policy gates in config/capital-efficiency-policy.json.
  • Crash and high-volatility scenarios no longer liquidate under the candidate profile.
  • Audit engagement evidence is recorded.
  • Governance approval evidence is recorded.
  • Risk dashboard and alerting are operational.
  • Operator runbook covers deleverage, circuit breaker, redemption throttle, and treasury liquidity deployment.
  • Treasury/liquidity commitments are documented.

Blueprint Scope Once Unblocked

  • Treasury engine: allocation caps, yield strategy adapter interface, idle/external liquidity floor.
  • Liquidity engine: PMM/DODO provider hooks, pool role separation, route exposure controls.
  • Leverage engine: LP-token collateral accounting, borrow/redeploy loop, max LTV checks.
  • Risk engine: volatility throttle, spread adjustment, peg circuit breaker, liquidation guard.
  • Keeper flow: rebalance, auto-deleverage, and dashboard event emission.

Current Decision

Do not implement live leverage contracts. Continue tuning simulation policy and scenarios until deployable candidates pass crash, high-volatility, bank-run, and deployed Chain 138 graph checks.