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D. Launch Parameters

All values set on-chain by DAO vote at deployment and enforced by DAO-owned contracts

  • Quorum Tiers (of staked voting power):
    • Q1 (Routine): ≥ 4% quorum, >50% approval.
    • Q2 (Sensitive): ≥ 10% quorum, ≥60% approval.
    • Q3 (Critical): ≥ 20% quorum, ≥66.7% approval.
  • Timelocks (minimum delay before execution):
    • T1: 48 hours (Q1 actions)
    • T2: 7 days (Q2 actions)
    • T3: 30 days (Q3 actions)
  • Epoch Cadence: default 7 days (policy-set). Each epoch includes:
    • (i) gauge voting window,
    • (ii) emissions calculation,
    • (iii) publication of F_epoch (may be zero),
    • (iv) sCLC swap windows (if enabled).
  • Gauges: canonical list of eligible pools/mandates for incentive direction; edits are timelocked and require Q2 quorum or higher.
  • Emissions Budget (sCLC): a bounded, policy-set maximum per epoch; may be zero; cannot override Waterfall priorities.
  • Anti-gaming: wash-loop exclusion, beneficial-owner clustering, per-entity caps, delayed finalization, and dispute/appeal windows for manipulated metrics.
  • Emergency Pause: immediate (multisig/DAO emergency role), auto-sunsets in 72 hours unless ratified by Q2.
  • Network Fee τ: 20–60 bps (default 30 bps) on routed value
  • Pool Fee Range (steward-set): 0%–20% depending on voucher class and risk tier (disclosed on-chain per pool).
  • Network Rake Share r: DAO takes r% of each pool’s collected fees (default 20%; policy-bounded per pool class).
  • Effective network fee rate per pool: τ_p = f_p · r_p (rake-on-rake).
  • Fee Asset Eligibility Sets:
  •   E_cash (cash-eligible): allowlisted stables/cash-equivalents and (optionally) major liquid tokens.
    • E_kind (in-kind): non-fiat-redeemable vouchers and other non-convertible fee assets.
  • Conversion Policy (fungible assets only): venue allowlists, TWAP windows, max slippage, and monthly caps; quarterly reporting of χ (cash-eligible share).
  • F_epoch enablement rule: publish F_epoch only if (i) InsuranceFund ≥ Target and (ii) B_core is fully funded for the epoch; otherwise F_epoch = 0.
  • Router Fee Cap: ≤ 20 bps per route
  • Reserve Floors by Class: Cash-Equivalent Stable ≥ 100% off-ramp attestations
  • Segregated Risk Lanes:
    • Cash-Equivalent lanes do not cross-subsidize goods/services voucher losses.
    • No routing from Cash-Equivalent to higher-risk classes unless explicitly opted-in per account/pool.
  • Default router policy: “safe-by-default” (deny cross-class risk unless allowlisted).
  • Insurance Haircut Cap (per incident): ≤ 10% of affected voucher balance, with make-whole schedule
  • DEX Float Reduction Parameters (if enabled):
    • DEX float definition: sum of CLC balances in allowlisted external liquidity venues (list on-chain), measured by oracle/indexer method M.
    • Trigger: activate only if DEX float > X% for Y consecutive days.
    • Spend/volume caps:≤Z% of trailing-month fee inflows and/or≤W% of trailing-day DEX volume (use the stricter cap).
    • Execution controls: TWAP window T; max slippage S; randomized delay range R; no publication of exact timing beyond the standing policy.
    • Emergency stop: auto-disable if InsuranceFund / Target < I_min or if any Reserve Floor is breached.
    • Disclosure requirement:“Not intended to support price; settlement does not depend on DEX price.”
    • Receipt transparency: all executions emit on-chain receipts and are summarized in the epoch report.