After the EM module calculates the daily issuance amount, MCL will determine whether it remains within the "mintable cap" based on the Treasury's current net assets and preset minting conditions:
Max Mintable Supply = Treasury Assets / Backing per ARK
Element
Definition
Treasury Assets
Treasury net assets - A reserve that can support minting
Backing per ARK
Required backing per ARK - Default is 1.0 U
If post-issuance remains below Max Mintable Supply → Approve and execute minting
If approaching or exceeding the limit → Suspend or restrict, forcibly reducing the daily issuance amount
