Exact runtimes
Pons factory and escrow, USDG, V4 PoolManager and hook, Chainlink proxies and aggregators, Spark, Morpho and the selected RWA routes are pinned by address and runtime hash.
Treasury model · scenario engine
Model it.
Then bind it.
Translate trading activity into a concrete balance-sheet scenario, choose the capital split, then carry the same policy into the launch workspace. Every number here is arithmetic on your inputs, not a projection of any market.
ILLUSTRATIVENO PUBLIC WRITE
Scenario engine · not a forecastUPDATES LIVEILLUSTRATIVE
Treasury policy
Assumptions3% DeFi · 8% markets · $0.001
Modeled treasury value after 12 months$363,998Contributed $360,000 · policy 40·35·25
Monthly tax flow$30,000$100,000/day × 30 × 1%
Liquid USDG$144,00040% buffer, no yield assumed
DeFi yield+$2,048on $126,000 contributed monthly (≈ $68,250 average deployed) at 3% APY
Markets gain / loss+$3,900on $90,000 contributed monthly (≈ $48,750 average deployed) at 8% annualized
Realized gain available for buyback$1,950
50% of positive markets gain above the high-water mark. Zero when the sleeve is below it. Execution is further capped at 25 USDG per canary batch.
Modeled tokens bought + burned1,950,000
At an assumed $0.001 token price. Liquidity, slippage bounds and batch caps decide what actually executes.
USDG 40%DeFi 35%Markets 25%
Use in launch workspace →Illustrative arithmetic only. Volume, tax flow, yield, market performance, token price and executable buyback size are variable. PROG does not guarantee treasury growth, buybacks, price appreciation or returns; positions can lose value.
What the policy binds
A scenario is an estimate. A manifest is a commitment.
The model explores outcomes. The launch workspace turns the chosen split into weights, caps, routes and authority that a production deployment would lock.
Safe + bounded operator
The project Safe owns policy and destinations. Operators execute bounded claim and allocation plans and cannot rewrite weights or add destinations.
Limits, not discretion
Claim ceilings, 3% max slippage, 15-minute deadlines, strategy and RWA caps, the high-water mark and the 25 USDG buyback canary.
Curve and V4
Buyback and burn run on the Pons curve before graduation and through the immutable V4 route afterward.
Ownership — Holders do not own, redeem or receive treasury USDG, Spark/Morpho shares or stock tokens. Realized gain above the high-water mark can fund a capped buyback and burn of the launch token, on the Pons curve and in the graduated V4 pool.