Layer 1 | Economic Law Layer: The Flesh and Skeleton of the Protocol

This is ARK's foundational structure.

All token issuance, value support, treasury operations, liquidity management, lending, incentives, and penalties occur in this layer.

In this layer, ARK DeFAI is not a stablecoin protocol, nor is it simply a Bond Protocol, but rather an evolvable "human-governance-free central fiscal system".

We don't establish a central bank, but instead build modularly:

• Intelligent Debt Issuance System (EM)

• Price Stabilization System (RBS)

• Yield Redistribution System (YRF)

• Minting Cap Monitor (MCL)

• Runtime Cycle Monitor (RCM)

• Protocol Owned Liquidity (POL)

• Treasury Value System (ATS)

Each module is an independently operating organ.

The flow of the overall economic logic is the blood circulation of this civilization.