High — Economic Stabilization
Market Crisis Protocol
Helios Digital • Gold Issuance Facility
Purpose
Prevent panic from becoming insolvency. Protect backing integrity and fairness.
Core Levers (Policy-Defined)
1
Halt Issuance
Stop new mints
2
Redemption Throttle
Queue rate limits, windows
3
Conversion Pause
Fiat/stable conversions if markets broken
4
Liquidity Rollback
Pause adding liquidity, stop incentives
5
Communication Cadence
Publish reserve data + next update time
Triggers
Halt Issuance Triggers (any)
- •Backing ratio uncertainty (reconciliation mismatch)
- •Custody partner disruption
- •Active smart contract exploit suspicion
- •Stablecoin depeg beyond threshold (policy-defined)
Redemption Throttle Triggers
- •Queue exceeds X days
- •Logistics disruption or customs delays
- •Market manipulation detected (mass bot redemption)
Operational Procedures
Daily
- ‣Supply vs backing reconciliation
- ‣Merkle snapshot generation (or verification against last snapshot)
- ‣Redemption queue report
Weekly
- ‣Stress test: 20% redemption over 7 days
- ‣Liquidity deviation review
- ‣Permissions audit
Monthly
- ‣Custody confirmation cross-check (receipts vs ledger)
- ‣Admin key review + access attestations
- ‣Incident tabletop exercise
Quarterly
- ‣External reconciliation review
- ‣Contract upgrade review (even if "no upgrades" policy exists)
- ‣Disclosure refresh
Market Integrity Guidance
✗
Never defend price with discretionary market ops unless explicitly disclosed.
✓
Do defend integrity with transparency: PoR, anchors, redemption policy.
✓
Encourage arbitrage via clear redemption mechanics (when functioning).
Crisis Comms Cadence
SEV13 updates/day minimum
SEV21–2 updates/day
Always include:
- • Current status
- • What is paused
- • Proof link
- • Next update time