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zeekayandHanzo Dev
178febad68
Every rendered "T-Chain" / "ThresholdVM" / "teleportvm" reference across the paper corpus is rewritten to the correct canonical chain by concern: threshold signing / MPC / bridge custody / key recovery -> M-Chain (MVM); FHE / encrypted compute / threshold decryption -> F-Chain (FVM); teleport / cross-chain messaging -> B-Chain (bridgevm); consensus Pulsar stays Q-Chain. Section lux-trust-kernel/03-t-chain-threshold-governance.tex renamed -> 03-f-chain-encrypted-policy.tex (with \input + xref fixes). Braided "T-Chain" sections split by concern (M vs F). Only lp-020's chain-separation rationale and the shared lux/chains/thresholdvm library path retain the name, to record the removal. All changed papers rebuilt (pdflatex, rc=0, no undefined refs). §09 of lux-dao-governance-framework reframed: fabricated "production deployment" metrics ($50M/$240k/$12M, survey %s, "as of Oct 2024") relabeled as illustrative design configurations with no invented replacements; reality noted (DAO treasury is a 1/1 Safe); conclusion echo + one "first production" overclaim softened. This commit also captures concurrent corpus workstreams on the same tree. Co-authored-by: Hanzo Dev <[email protected]>
20 lines
830 B
TeX
20 lines
830 B
TeX
\section{Appendix B: Loan Example}
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\textbf{Scenario}: Alice deposits 10 BTC when BTC = \$60,000
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\begin{enumerate}
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\item \textbf{Collateral Value}: 10 BTC × \$60,000 = \$600,000
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\item \textbf{Max Loan (80\% BTC LTV)}: \$600,000 × 0.80 = \$480,000
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\item \textbf{Alice borrows}: \$480,000 in luxUSD
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\item \textbf{BTC Yield}: 4.2\% APY = \$25,200/year
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\item \textbf{Auto-Repayment}: \$25,200/year reduces debt
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\item \textbf{Loan Duration}: \$480,000 / \$25,200/year = 19.0 years
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\item \textbf{Final Position}: Alice keeps all 10 BTC after 19.0 years
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\end{enumerate}
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\textbf{Benefit}: Alice accessed \$480k liquidity for 19.0 years while retaining Bitcoin exposure, paying zero interest explicitly.
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(The 90\% headline LTV applies to low-volatility stablecoin collateral; BTC is capped at 80\% per the risk tiers in Section~3.)
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