{
 "spec": "v30 SPEC - Large Off-Ledger Issuer (registered).md",
 "params": {
  "M_gov": 1.0,
  "eve_safety_value": 0.06,
  "counterparty_k": 0.2,
  "shadow_yield": 0.03,
  "coordination_reach_max": 0.15,
  "captured_workforce_frac": 0.03,
  "worker_hetero_sd": 0.12,
  "shock_mean": 0.35,
  "shock_sd": 0.12,
  "logistic_steep": 25.0,
  "run_stable_max_collapse": 0.05,
  "systemic_threshold": 0.05,
  "mc_n": 200000,
  "seeds": [
   7,
   11
  ]
 },
 "r_s_grid": [
  0.05,
  0.1,
  0.15,
  0.2,
  0.25,
  0.3,
  0.35,
  0.4,
  0.45,
  0.5,
  0.55,
  0.6,
  0.65,
  0.7,
  0.75,
  0.8,
  0.85,
  0.9,
  0.95,
  1.0
 ],
 "OL1": {
  "per_base_multiplier": 20.0,
  "money_creation_per_unit": 18.999999999999996,
  "effective_added_if_full_accept": 2.8499999999999996,
  "effective_broad_money": 3.8499999999999996,
  "pass": true
 },
 "OL4": {
  "collapse_prob_by_seed": {
   "7": [
    0.993645,
    0.981205,
    0.95196,
    0.895775,
    0.7985,
    0.662025,
    0.50014,
    0.338395,
    0.20242,
    0.105835,
    0.04778,
    0.018645,
    0.006255,
    0.00178,
    0.000395,
    5.5e-05,
    5e-06,
    0.0,
    0.0,
    0.0
   ],
   "11": [
    0.993825,
    0.98134,
    0.9518,
    0.8939,
    0.796665,
    0.660815,
    0.49769,
    0.336205,
    0.201765,
    0.10567,
    0.047585,
    0.01838,
    0.0059,
    0.00165,
    0.000485,
    6.5e-05,
    3.5e-05,
    1e-05,
    0.0,
    0.0
   ]
  },
  "r_s_runsafe": 0.55,
  "collapse_prob_at_r010": 0.9812725,
  "run_safe_max_shadow_share": 0.0060922652571524915,
  "seed_agree": true,
  "honest_note": "Fractional issuers (r_s<0.5) collapse in a plausible shock (~98% at r_s=0.10); collapses harm the note-holders but are self-limiting and leave EVE + the floor untouched. Run-stability forces r_s toward full reserve -> back into the no-seigniorage corner.",
  "pass": true
 },
 "OL2": {
  "retention_no_floor": 1.0,
  "retention_with_floor": 0.0476825,
  "coercion_removed_frac": 0.9523175,
  "retention_by_seed": {
   "7": 0.04778,
   "11": 0.047585
  },
  "seed_agree": true,
  "pass": true
 },
 "OL3": {
  "vol_adoption": [
   0.004070137715896128,
   0.005220125693558393,
   0.0066928509242848554,
   0.008577485413711977,
   0.01098694263059317,
   0.014063627043245475,
   0.01798620996209156,
   0.022977369910025615,
   0.02931223075135631,
   0.03732688734412946,
   0.04742587317756678,
   0.060086650174007605,
   0.07585818002124355,
   0.09534946489910946,
   0.11920292202211755,
   0.1480471980316895,
   0.18242552380635632,
   0.22270013882530884,
   0.26894142136999505,
   0.320821300824607
  ],
  "money_creation_per_unit": [
   18.999999999999996,
   9.0,
   5.666666666666667,
   4.0,
   3.0,
   2.3333333333333335,
   1.8571428571428574,
   1.4999999999999998,
   1.2222222222222223,
   1.0,
   0.818181818181818,
   0.6666666666666667,
   0.5384615384615384,
   0.42857142857142866,
   0.3333333333333333,
   0.24999999999999994,
   0.17647058823529416,
   0.11111111111111108,
   0.052631578947368474,
   0.0
  ],
  "shadow_share_demand_only": [
   0.011466877939011985,
   0.006997854617375102,
   0.00565674251144787,
   0.005120140490005679,
   0.004919800081206136,
   0.004898159404662976,
   0.004985464810463044,
   0.005143317748996974,
   0.005345184436486666,
   0.005567858477697658,
   0.005786766497887743,
   0.005972776603566163,
   0.006089695243411847,
   0.0060922652571524915,
   0.0059248332294337645,
   0.005521117949596843,
   0.004805704604820793,
   0.0036979434384698897,
   0.0021187232284220043,
   0.0
  ],
  "demand_only_max": 0.011466877939011985,
  "demand_only_argmax_r_s": 0.05,
  "run_safe_max_shadow_share": 0.0060922652571524915,
  "breakeven_yield_to_go_systemic": 0.15504830791539342,
  "run_safe_max_if_eve_mediocre": 0.021898314688759718,
  "finding_thin_corner": "Voluntary demand ALONE does not bound the thin-reserve corner (share -> large as r_s -> 0, because leverage 1/r_s outruns the logistic demand floor). What rules that corner out is not demand but RUN FRAGILITY (OL4): a near-zero-reserve issuer self-destructs on any shock. The defenses are layered, not redundant.",
  "pass": true
 },
 "OL5": {
  "realistic_aggregate_share": 0.0060922652571524915,
  "non_systemic": true,
  "residual_a_coercive_sovereign": "An actor with PHYSICAL control of a territory can mandate its currency at gunpoint AND block access to EDEN's floor/Redemption Window. That defeats the outside-option defense by force, not by economics -- it is a secession/blockade problem, not a monetary one (cross-link EVE Sim v20 - Region Secession). Out of this model by construction.",
  "residual_b_privacy_yield": "Notes used for illicit trade where OPACITY ITSELF is the value (not competing for legitimate money demand). Bounded by the size of illicit demand; a law-enforcement matter, not a money-supply-control matter. Does not threaten the governor's control of legitimate broad money.",
  "pass": true
 },
 "OL0": {
  "conservation_ok": true,
  "ol2_seed_agree": true,
  "ol4_seed_agree": true,
  "pass": true
 },
 "bar_summary": {
  "OL0": true,
  "OL1": true,
  "OL2": true,
  "OL3": true,
  "OL4": true,
  "OL5": true
 }
}