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II. Key Model Relationships:

  • Bidirectional Supply and Demand Regulation: EM controls supply → YRF destroys and reclaims → ATS lends assets → POL provides trading depth

  • Dispersed Capital Paths with Converging Results: All external flows (loan interest, buybacks and burns) ultimately "feed back into the treasury," reinforcing the price floor and bond issuance foundation

  • Modules Possess Closed-Loop Self-Consistency: Each module (such as bond issuance, lending, and buybacks) has built-in support and limitations from other modules, preventing any single component from expanding out of control, thus achieving an on-chain "governable self-consistent capital system"

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