QUADToken Model
A public, non-promotional description of how QUAD Core testnet exposes supply, backing, mint, burn, reward-output, and accounting posture. This page explains constraints; it does not sell tokens or promise outcomes.
These are live testnet observations. They are not mainnet value, redemption rights, reserve claims, or reward eligibility.
QUAD supply is constrained by protocol gates. Public supply numbers are evidence of current testnet state, not a promise about future price, liquidity, allocation, or access.
QUAD supply law is bounded by the 21B hard-cap protective failsafe.
Mint expansion is bounded by a 10% per-epoch ceiling and the live supply posture exposed by the protocol.
Minting may refuse when collateral truth, market truth, NAV, safety state, timing, or supply allowance is not worthy.
stQUAD is a separate exposure surface. It must not be counted as Treasury reserve value, and effective exposure belongs inside supply law.
Core distinguishes admitted backing from balances, transit, receipts, expected yield, and unsupported custody.
Treasury holds admitted custody and NAV. It does not route value, trade, split, pay invoices, or decide actions.
Assets become backing only after Core admission rules accept them. Bridge transit, exchange movement, or account balance alone does not create admission.
Unsupported or unresolved assets belong in Quarantine until classification resolves. Quarantine is not an informal Treasury.
Foundation payments come from Foundation-held settlement budget through External Affairs, not from Treasury NAV.
Minting and burning are bounded actions with provenance, not a marketing loop.
Reward-output rows preserve denom provenance. The public feed does not collapse multi-denom yield into one marketing number.
The accounting posture is intentionally conservative. Public figures are observations, and the page refuses common misreadings.
These refusals are part of the token model, not legal small print hidden elsewhere.