FOREVER MARKETS
Risk controls
The live portfolio limits that constrain capital allocation and market growth.
Current production policy
| Control | Live value | Effect |
|---|---|---|
| Global idle buffer | 10% | Reserved for withdrawals and rebalancing |
| Global deposit cap | 50,000,000 USDG | Limits total vault growth |
| NVDA/AMD max weight | 90% | Prevents full portfolio concentration |
| Sleeve utilization cap | 80% | Limits reserve consumption |
| Drawdown breaker | 15% | Freezes new allocation after loss |
| First-loss minimum | 2% | Protocol capital sits ahead of LP loss |
| Allocation oracle age | 300 seconds | Blocks allocation on stale prices |
Allocation must pass every gate
Market is registered, enabled and Active
Market accounting invariant is solvent
Oracle is fresh
Absolute allocation cap is respected
Maximum portfolio weight is respected
Required reserve remains below utilization limit
Global idle buffer remains funded
First-loss bond meets policy
Sleeve is not circuit-broken
First-loss capital
The live NVDA/AMD sleeve has a 10 USDG first-loss bond. Bonds are held by the global vault but excluded from LP NAV until used, preventing an artificial windfall to existing shareholders.
Applying the bond is an admin-controlled recapitalization action and only works against a realized sleeve loss. It cannot be withdrawn through normal LP redemption.