Explore how a future strategy could divide capital between reserves, orders, inventory, market-making and exits.
CAPITAL ALLOCATION MODELUSDG policy sheet
Paper scenario / deposits disabled
TOTAL CAPITAL$250,000
AVAILABLE$87,50035%
DEPLOYED$162,50065%
Bid capitalUSDG budget for reference-aware stock orders.$75,00030% of capital
DESIGN INTENT
One balance sheet, informed by the entire E2 market graph.
Intelligence evaluates markets. Execution identifies supported routes. Vault policy decides how much USDG and canonical inventory may be deployed, and how much remains available for exits.
CAPITAL LIFECYCLE
Trace capital from deposit to NAV.
Move across each stage to inspect its role in the accounting loop.
ACTIVE STAGEDeposit
USDG enters the pending capital account.
POLICY BOUNDARY
Autonomy without arbitrary authority.
The offchain engine can propose a typed action. It cannot invent a token, pool, reference, multiplier, NAV value or destination.
Operator
Submits allowlisted buy and sell proposals
Guardian
Can pause; cannot unpause or seize backing
Controller
Requests and claims pro-rata redemption
Contracts
Enforce deltas, limits, reserves and ownership
POLICY GATE Every check required
01canonical asset addressenforced before settlement
02approved pool originenforced before settlement
03valid reference stateenforced before settlement
04basis and slippage boundsenforced before settlement
05reserve floorenforced before settlement
06post-trade balance deltaenforced before settlement
20Solidity testsAccounting, authority and failure paths
