$MERM
MermerAutonomous economy·Mint MERM…1111·Created 2026-06-07·Solana
Governor activeMERM-001 verified
Current regime
Neutral
DAY 02No major intervention required.
Policy #061 executes in
00:27:51
Neutral → Neutral · next review 46:27:51
Reserves
$90.5K
$83.8K liquid
Reserve change
+$5.7K
Last 30 days
POL
$33.6K
Protocol-owned liquidity
30D revenue
$9.3K
$3.5K to reserve
Current proposal
Passed the constitution engine and published. Anyone can inspect it before the timelock ends.
Policy #061NeutralTimelock
Executes in
00:27:51
Proposed
2026-10-05 10:39 UTC
Effective
2026-10-05 12:39 UTC
Transition
Neutral → Neutral
Assessment
- ±2% executable depth +25.7% over 7 days ($13K).
- Reserve +1.5% over 7 days to $90K; liquid runway 30.0 months.
- 7-day revenue +0.2% vs prior 7 days. SOL +1.3%.
Recommendation
Reserve30%→25%−5pp
Liquidity35%→40%+5pp
Buybacks10%unchanged
Operations25%unchanged
Rationale
Adjustment consistent with the Neutral regime under the MERM-001 mandate.
Uncertainty
MEDIUM
Model
sovr-governor/0.4.2
Stated confidence
82% · not an input to validation
Simulation · 90d horizon
Base · ±2% depth+1 to +2%
Base · reserve impact−2 to −1K
Bear · runway−0.5 to −0.2 mo
Liquidity shock · $25K slippage−3 to −1%
Simulation confidenceMEDIUM
Ranges, not predictions. Assumptions published with the simulation hash.
ConstitutionPASS
✓Strict schema1 action(s), all fields bounded and typed.
✓Instance bindingBound to sovr:sol:merm.
✓Dependencies healthyGovernor, simulator and indexer online.
✓Not pausedEmergency pause inactive.
✓Action permittedSET_REVENUE_ALLOCATION permitted.
✓Allocation boundsEvery bucket inside its constitutional range; sums to 100%.
✓Change velocityEvery bucket moves ≤ 15%.
✓Policy frequencyOutside cooldown.
–Asset allowlistNo assets referenced.
–Venue allowlistNo venues referenced.
–Venue exposureNo new venue exposure.
–Slippage boundNo execution.
–Buyback limitsNo buyback.
–Per-policy outflowNo outflow.
–Rolling outflow capNo outflow.
–Reserve compositionComposition unchanged.
–Oracle freshnessNo priced execution.
✓Timelock120 min public notice before execution.
Latest executed policy
Policy #060NeutralExecuted
Assessment
- ±2% executable depth −14.1% over 7 days ($10K).
- Reserve +1.1% over 7 days to $90K; liquid runway 29.9 months.
- 7-day revenue −1.0% vs prior 7 days. SOL +0.5%.
Recommendation
Reserve40%→30%−10pp
Liquidity25%→35%+10pp
Buybacks10%unchanged
Operations25%unchanged
Rationale
Adjustment consistent with the Neutral regime under the MERM-001 mandate.
Uncertainty
MEDIUM
Model
sovr-governor/0.4.2
Stated confidence
76% · not an input to validation
Simulation · 90d horizon
Base · ±2% depth+2 to +4%
Base · reserve impact−4 to −2K
Bear · runway−1.0 to −0.4 mo
Liquidity shock · $25K slippage−6 to −2%
Simulation confidenceMEDIUM
Ranges, not predictions. Assumptions published with the simulation hash.
ConstitutionPASS
✓Strict schema1 action(s), all fields bounded and typed.
✓Instance bindingBound to sovr:sol:merm.
✓Dependencies healthyGovernor, simulator and indexer online.
✓Not pausedEmergency pause inactive.
✓Action permittedSET_REVENUE_ALLOCATION permitted.
✓Allocation boundsEvery bucket inside its constitutional range; sums to 100%.
✓Change velocityEvery bucket moves ≤ 15%.
✓Policy frequencyOutside cooldown.
–Asset allowlistNo assets referenced.
–Venue allowlistNo venues referenced.
–Venue exposureNo new venue exposure.
–Slippage boundNo execution.
–Buyback limitsNo buyback.
–Per-policy outflowNo outflow.
–Rolling outflow capNo outflow.
–Reserve compositionComposition unchanged.
–Oracle freshnessNo priced execution.
✓Timelock120 min public notice before execution.
Policy history
ReserveLiquidityBuybackOperations
Revenue allocation by window
Regime changes
NeutralOct 3 · #060
AccumulationSep 29 · #058
NeutralSep 17 · #052
ConservationSep 15 · #051
NeutralSep 13 · #050
Liquidity SupportSep 11 · #049
AccumulationSep 5 · #046
Liquidity SupportSep 3 · #045
NeutralAug 28 · #042
AccumulationAug 20 · #038
NeutralAug 18 · #037
Liquidity SupportAug 16 · #036
AccumulationAug 10 · #033
NeutralAug 8 · #032
ConservationJul 27 · #026
AccumulationJul 25 · #025
Liquidity SupportJul 23 · #024
NeutralJul 15 · #020
ConservationJul 7 · #016
NeutralJul 3 · #014
AccumulationJun 29 · #012
NeutralJun 25 · #010
AccumulationJun 17 · #006
BuybackJun 11 · #003
AccumulationJun 7 · #001