SIP release (of SIP portion)
Y1 50% (== 37.5% of total)
Y2 25% (== 18.75% of total)
Y3 12.5% (== 9.375% of total)
Y4+ declining (6.25%, 3.125%, …) to steady state
Adaptive throttles
If monthly Net Demand < 0 with depth pressure, governance may lower the Daily Base release or delay ops allocations.
Adaptive Buyback Band (ABB): Under Net‑Demand‑negative or depth‑insufficient windows, treasury buys via TWAP up to a governed cap of period inflows; burns monthly/quarterly with on‑chain proofs.
Disclosure: Monthly unlock destinations, Net Demand breakdown, anti‑cheat notes.
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