Stables circular economy

Version 0.0.01 | Community Draft

How capital, Minima, Stables, xMinima, and protocol funds interact

Swipe sideways to explore the complete system map.

External capital
Internally priced participation
Economic Activity
Goods and services
Community Treasury (Asset)
Minima
Merchants listing + Promo
Minima
Stables (Debt)
USDs, EURs, JPYs, +
xMinima (Equity)
Minima price risk takers
Council Treasury
Minima
Means of Exchange
Accepted by Merchants
TF*
Coverage Fund (Convertible)
Stables <-> xMinima
USDscf, EURscf, JPYscf, +
Arbitrage Fund
Minima <-> xMinima
Structure Dev
Audit, partners, etc

Bidirectional cyan arrows represent minting and burning mechanism flows; white tips mark each end of those links.

Other flows use pale lines with purple tips so you can follow where value moves at a glance.

* TF: transaction fees.

The Coverage Fund and the Arbitrage Fund each pursue profit inside its own risk budget. Working in parallel with the rest of the map, that activity tends to steer the book back toward balance and keep parity credible.

Neither sleeve is a standalone peg guarantor. In a period of stress, the same dislocations external capital would chase become openings for coverage, arbitrage, and other participants to trade with discipline.

The layout stays strong when the field is level: merchants, shoppers, treasury routes, and capital holders can each pursue a clear objective while incentives still point the system at resilient parity.

The diagram echoes a capital-stack intuition: community treasury asset, senior debt as Stables, leveraged equity in xMinima, and then the rest each with visible room to move.

Day to day, that only works when the stack is transparent: tooling to size exposures, a readable global position, settlement paths with low friction, and fees that are easy to find.