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docs: reconcile design document with contracts #164

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bcac0be
docs: reconcile design document with contracts
hpmaxi Sep 24, 2026
c6e19fa
Merge branch 'main' into docs/112-design-doc-agreements
hpmaxi Sep 25, 2026
92e2f1f
docs: say each contract grants its own roles
hpmaxi Sep 25, 2026
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3 changes: 2 additions & 1 deletion AGENTS.md
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Expand Up @@ -21,7 +21,8 @@ result. Three states per side, none skipped: **pending, priced, claimed**.
What the contracts enforce:

1. **Entry is gated** by a post-KYC allowlist, checked on the receiver of a
subscription and on every share transfer.
subscription (enforced on share claim in contracts today; request-time
check is targeted for a future milestone) and on every share transfer.
2. **A covered claim always pays.** Once priced and covered, a cash claim cannot
be blocked by a pause, a stale valuation, or the investor losing their
allowlist place. Priced claims are never re-priced and never identity-gated;
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