Execution Lifecycle

When Curator vaults allocate capital and participants delegate $YODL, the Operator receives a USD-denominated execution-credit ceiling that defines how much liquidity can be mobilized.

Activation: Execution-credit ceiling = (delegated YODL × credit multiplier × RM).

Utilization: Strict on-chain checks prevent overspending or unauthorized access.

Repayment: All utilized Curator capital must be restored before epoch end.

Liquidation: If HF ≤ 1.0, a Bounded Liquidation restores the vault’s balance.

Renewal: Restored capital immediately frees up execution credit, which is reusable within the same epoch.