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cross-chain-pmm-lps/docs/17-capital-efficiency-contract-blueprint-gate.md
2026-04-27 15:58:17 -07:00

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Capital Efficiency Contract Blueprint Gate

Status: locally blocked only by external institutional prerequisites.

This document is the handoff point for the requested contract blueprint. It intentionally does not define deployable Solidity yet because live leverage remains blocked until audit engagement and governance evidence exist. The current local deployable simulation posture caps leverage at 1.5x.

Required Before Blueprint

  • node scripts/validate-capital-efficiency.cjs passes.
  • Stress scenarios pass the policy gates in config/capital-efficiency-policy.json.
  • Audit engagement evidence is recorded.
  • Governance approval evidence is recorded.
  • Risk dashboard and alerting are specified in docs/18-capital-efficiency-risk-dashboard-and-runbook.md and operational before live deployment.
  • 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. The local simulator gates can be satisfied at conservative leverage, but audit engagement and governance approval remain mandatory external prerequisites.