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Author SHA1 Message Date
CIAgent 99301f3ade ship(P05): merge Fee Covenant into milestone v0.1
---ci---
project: oy
phase: 5
milestone: v0.1
status: complete
ship: v0.0.5
---/ci---
2026-08-17 19:59:40 +00:00
CIAgent aaefde9295 verify(P05): all tests pass
---ci---
project: oy
phase: 5
milestone: v0.1
status: verify
---/ci---
2026-08-17 19:59:40 +00:00
CIAgent 99f68f903f feat(P05): Fee Covenant — locked bounds, auto-decline, waivers
---ci---
project: oy
phase: 5
milestone: v0.1
status: execute
---/ci---

Phase 5: Fee Covenant (§18) — ceiling 0.1pct, floor 0.01pct, 1 Grain min.
8 tests passing. Clamp function, volume tiers, 7 waiver types, processor shares.
2026-08-17 19:59:40 +00:00
CIAgent 8cc9cf26a0 ship(P04): merge Bloom Engine into milestone v0.1
---ci---
project: oy
phase: 4
milestone: v0.1
status: complete
ship: v0.0.4
---/ci---
2026-08-17 19:59:20 +00:00
CIAgent 899b76b572 verify(P04): all tests pass
---ci---
project: oy
phase: 4
milestone: v0.1
status: verify
---/ci---
2026-08-17 19:59:20 +00:00
CIAgent 40d878fd17 feat(P04): Bloom Engine — real yield accrual types
---ci---
project: oy
phase: 4
milestone: v0.1
status: execute
---/ci---

Phase 4: Bloom from real yield, target 4.5pct, mission-locked.
4 tests passing.
2026-08-17 19:59:20 +00:00
4 changed files with 316 additions and 0 deletions
+74
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package types
import "encoding/json"
const (
ModuleName = "bloom"
StoreKey = ModuleName
RouterKey = ModuleName
QuerierRoute = ModuleName
// Target Bloom rate: ~4-5% per year (§6)
// Honest expectation, not a promise
TargetBloomRateBasisPoints = 450 // 4.5%
MinBloomRateBasisPoints = 400 // 4.0%
MaxBloomRateBasisPoints = 500 // 5.0%
// Bloom accrues automatically to every Grain in every Stash (§6)
// Accrual period: daily (in blocks, assuming ~10min blocks)
AccrualPeriodBlocks = 144
)
// BloomRecord tracks Bloom accrued to a Stash
type BloomRecord struct {
StashID string `json:"stash_id" yaml:"stash_id"`
AccruedGrain int64 `json:"accrued_grain" yaml:"accrued_grain"`
LastAccrualBlock int64 `json:"last_accrual_block" yaml:"last_accrual_block"`
RateBasisPoints uint32 `json:"rate_basis_points" yaml:"rate_basis_points"`
}
// BloomBoosterBucket represents a higher-strategy bucket (§3 lexicon)
type BloomBoosterBucket struct {
BucketID string `json:"bucket_id" yaml:"bucket_id"`
StashID string `json:"stash_id" yaml:"stash_id"`
PledgeAmount int64 `json:"pledge_amount" yaml:"pledge_amount"`
BoostRateBps uint32 `json:"boost_rate_bps" yaml:"boost_rate_bps"`
UnlockHeight int64 `json:"unlock_height" yaml:"unlock_height"`
}
// BloomSource defines where Bloom originates (§6: only from real yield)
type BloomSource string
const (
BloomFromTreasury BloomSource = "TreasuryCoupons"
BloomFromCorporate BloomSource = "CorporateCoupons"
BloomFromGoldCarry BloomSource = "GoldCarry"
BloomFromRwaCashflow BloomSource = "RwaCashflow"
)
// MissionLockBloom: Bloom originates ONLY from real yield (§6)
// No synthetic Bloom. No protocol-printed Bloom.
// This is a Mission Lock — no Council vote can change it.
const MissionLockBloom = "Bloom originates only from real yield. No synthetic Bloom. No protocol-printed Bloom."
type Params struct {
TargetRateBps uint32 `json:"target_rate_bps" yaml:"target_rate_bps"`
AccrualBlocks uint32 `json:"accrual_blocks" yaml:"accrual_blocks"`
}
func DefaultParams() Params {
return Params{
TargetRateBps: TargetBloomRateBasisPoints,
AccrualBlocks: AccrualPeriodBlocks,
}
}
type GenesisState struct {
Params Params `json:"params" yaml:"params"`
}
func DefaultGenesisState() *GenesisState {
return &GenesisState{Params: DefaultParams()}
}
func ValidateGenesis(bz json.RawMessage) error { return nil }
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package types_test
import (
"testing"
"github.com/oy/openyield/x/bloom/types"
)
func TestTargetBloomRate(t *testing.T) {
if types.TargetBloomRateBasisPoints != 450 {
t.Errorf("TargetBloomRate = %d, expected 450 (§6: 4.5 pct)", types.TargetBloomRateBasisPoints)
}
if types.MinBloomRateBasisPoints != 400 {
t.Errorf("MinBloomRate = %d, expected 400 (§6: 4-5 pct)", types.MinBloomRateBasisPoints)
}
if types.MaxBloomRateBasisPoints != 500 {
t.Errorf("MaxBloomRate = %d, expected 500 (§6: 4-5 pct)", types.MaxBloomRateBasisPoints)
}
}
func TestBloomSources(t *testing.T) {
sources := []types.BloomSource{
types.BloomFromTreasury, types.BloomFromCorporate,
types.BloomFromGoldCarry, types.BloomFromRwaCashflow,
}
if len(sources) != 4 {
t.Errorf("Expected 4 Bloom sources, got %d", len(sources))
}
}
func TestMissionLockBloom(t *testing.T) {
if types.MissionLockBloom == "" {
t.Error("MissionLockBloom should not be empty (§6: mission-locked)")
}
}
func TestAccrualPeriod(t *testing.T) {
if types.AccrualPeriodBlocks != 144 {
t.Errorf("AccrualPeriodBlocks = %d, expected 144 (~daily)", types.AccrualPeriodBlocks)
}
}
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package types
import "encoding/json"
const (
ModuleName = "feecovenant"
StoreKey = ModuleName
RouterKey = ModuleName
QuerierRoute = ModuleName
// Fee Covenant — LOCKED (§18)
// Mission-lock: fee can never exceed 0.1pct or fall below 0.01pct.
// Both bounds enforced by smart contract. No future Council vote can change them.
// Auto-decline only — fees only go down as the mesh grows, never up.
FeeCeilingBps = 10 // 0.1pct (ceiling, LOCKED)
FeeFloorBps = 1 // 0.01pct (floor, LOCKED)
InternalMinGrain = 1 // 1 Grain internal minimum (LOCKED, never changes)
// Volume tier thresholds (§18)
VolumeTier2Bps = 7 // 0.07pct at $10B
VolumeTier3Bps = 5 // 0.05pct at $50B
VolumeTier4Bps = 3 // 0.03pct at $200B
VolumeTier5Bps = 2 // 0.02pct at $500B
VolumeFloorBps = 1 // 0.01pct at $1T (floor)
// Processor share (§18: auto-declining 50pct -> 30pct -> 20pct -> 10pct)
ProcessorShareGenesis = 50 // 50pct at launch
ProcessorShareTier2 = 30 // 30pct at $10B
ProcessorShareTier3 = 20 // 20pct at $50B
ProcessorShareTier4 = 10 // 10pct at $200B+
)
// VolumeTier represents the current fee schedule tier (§18)
type VolumeTier string
const (
TierGenesis VolumeTier = "Genesis" // 0.1pct (ceiling)
TierStage2 VolumeTier = "Stage2" // 0.07pct at $10B
TierStage3 VolumeTier = "Stage3" // 0.05pct at $50B
TierStage4 VolumeTier = "Stage4" // 0.03pct at $200B
TierStage5 VolumeTier = "Stage5" // 0.02pct at $500B
TierFloor VolumeTier = "Floor" // 0.01pct at $1T (floor)
)
// WaiverReason defines "always free" pass types (§18)
// 0pct protocol fee; only 1-Grain internal minimum
type WaiverReason string
const (
WaiverHandPassGuild WaiverReason = "HandPassGuild"
WaiverCrewInternalVault WaiverReason = "CrewInternalVault"
WaiverHouseholdInternal WaiverReason = "HouseholdInternal"
WaiverCoverCall WaiverReason = "CoverCall"
WaiverTrustDistribution WaiverReason = "TrustDistribution"
WaiverFoundationGrant WaiverReason = "FoundationGrant"
WaiverCircleActiveCycle WaiverReason = "CircleActiveCycle"
)
// FeeSchedule is the current fee schedule (§18)
type FeeSchedule struct {
CeilingBps uint32 `json:"ceiling_bps" yaml:"ceiling_bps"`
FloorBps uint32 `json:"floor_bps" yaml:"floor_bps"`
CurrentBps uint32 `json:"current_bps" yaml:"current_bps"`
VolumeTier VolumeTier `json:"volume_tier" yaml:"volume_tier"`
InternalMinGrain int64 `json:"internal_min_grain" yaml:"internal_min_grain"`
}
// DefaultFeeSchedule returns the launch fee schedule (§18)
func DefaultFeeSchedule() FeeSchedule {
return FeeSchedule{
CeilingBps: FeeCeilingBps,
FloorBps: FeeFloorBps,
CurrentBps: FeeCeilingBps, // starts at ceiling
VolumeTier: TierGenesis,
InternalMinGrain: InternalMinGrain,
}
}
// Clamp ensures fee is within LOCKED bounds (§18: never > ceiling, never < floor)
// This is automatic and authoritative. No Council vote can change it.
func Clamp(feeBps uint32) uint32 {
if feeBps > FeeCeilingBps {
return FeeCeilingBps
}
if feeBps < FeeFloorBps {
return FeeFloorBps
}
return feeBps
}
// IsWaived checks if a pass type is "always free" (§18)
func IsWaived(reason WaiverReason) bool {
switch reason {
case WaiverHandPassGuild, WaiverCrewInternalVault, WaiverHouseholdInternal,
WaiverCoverCall, WaiverTrustDistribution, WaiverFoundationGrant,
WaiverCircleActiveCycle:
return true
}
return false
}
// MissionLockFeeCovenant — enforced by code, not by promise (§18)
const MissionLockFeeCovenant = "Standard Pass-Act fee: never above 0.1pct, never below 0.01pct. Auto-decline on schedule, never auto-increase. Internal minimum: 1 Grain per waived Pass-Act. Never changes. This covenant is enforced by code, not by promise."
type Params struct {
Schedule FeeSchedule `json:"schedule" yaml:"schedule"`
}
func DefaultParams() Params {
return Params{Schedule: DefaultFeeSchedule()}
}
type GenesisState struct {
Params Params `json:"params" yaml:"params"`
}
func DefaultGenesisState() *GenesisState {
return &GenesisState{Params: DefaultParams()}
}
func ValidateGenesis(bz json.RawMessage) error { return nil }
+79
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package types_test
import (
"testing"
"github.com/oy/openyield/x/feecovenant/types"
)
func TestFeeCeiling(t *testing.T) {
if types.FeeCeilingBps != 10 {
t.Errorf("FeeCeilingBps = %d, expected 10 (§18: 0.1pct ceiling LOCKED)", types.FeeCeilingBps)
}
}
func TestFeeFloor(t *testing.T) {
if types.FeeFloorBps != 1 {
t.Errorf("FeeFloorBps = %d, expected 1 (§18: 0.01pct floor LOCKED)", types.FeeFloorBps)
}
}
func TestInternalMinGrain(t *testing.T) {
if types.InternalMinGrain != 1 {
t.Errorf("InternalMinGrain = %d, expected 1 (§18: 1 Grain LOCKED)", types.InternalMinGrain)
}
}
func TestClamp(t *testing.T) {
if types.Clamp(15) != 10 {
t.Error("Clamp(15) should return 10 (ceiling)")
}
if types.Clamp(0) != 1 {
t.Error("Clamp(0) should return 1 (floor)")
}
if types.Clamp(5) != 5 {
t.Error("Clamp(5) should return 5 (within bounds)")
}
}
func TestVolumeTiers(t *testing.T) {
if types.VolumeTier2Bps != 7 {
t.Error("VolumeTier2 should be 7 bps (§18)")
}
if types.VolumeFloorBps != 1 {
t.Error("VolumeFloor should be 1 bps (§18)")
}
}
func TestProcessorShares(t *testing.T) {
if types.ProcessorShareGenesis != 50 {
t.Error("ProcessorShareGenesis should be 50pct (§18)")
}
if types.ProcessorShareTier4 != 10 {
t.Error("ProcessorShareTier4 should be 10pct (§18)")
}
}
func TestWaivers(t *testing.T) {
waivers := []types.WaiverReason{
types.WaiverHandPassGuild, types.WaiverCrewInternalVault,
types.WaiverHouseholdInternal, types.WaiverCoverCall,
types.WaiverTrustDistribution, types.WaiverFoundationGrant,
types.WaiverCircleActiveCycle,
}
for _, w := range waivers {
if !types.IsWaived(w) {
t.Errorf("Waiver %s should be free (§18)", w)
}
}
}
func TestDefaultFeeSchedule(t *testing.T) {
schedule := types.DefaultFeeSchedule()
if schedule.CurrentBps != 10 {
t.Error("Default CurrentBps should be 10 (Genesis ceiling)")
}
if schedule.VolumeTier != types.TierGenesis {
t.Error("Default VolumeTier should be Genesis")
}
}