# Userland module: the rules this project's own funding pool runs under.
# Dogfooding from day one -- backers are the first citizens, and the first
# amendments will be about us. Userland changes are MINOR-class (K4.1).
module: funding-pool
title: FablePool Funding Pool
articles:
  - id: U-FP-1
    number: 1
    title: The Pool
    layer: userland
    clauses:
      - id: U-FP-1.1
        title: Composition
        text: >-
          The pool comprises all funds contributed by backers to this
          project. Contribution confers citizenship under Kernel Article 2
          and nothing else: no equity, no weighted vote, no priority claim.
      - id: U-FP-1.2
        title: Custody and ledger binding
        text: >-
          Every inbound contribution and every outbound payment is
          recorded in the audit ledger under Kernel Article 8 before or at
          the moment it settles. An unrecorded payment is unauthorized.
  - id: U-FP-2
    number: 2
    title: Disbursement
    layer: userland
    clauses:
      - id: U-FP-2.1
        title: Milestone disbursement
        text: >-
          Funds leave the pool only against a milestone. A milestone
          payout requires a disbursement proposal ratified at patch-class
          thresholds, naming the milestone, the amount, and the payee, and
          a published milestone report. A single disbursement may not
          exceed the disbursement cap as a fraction of the pool balance at
          proposal opening.
        parameters:
          disbursement_cap:
            type: ratio
            value: "1/4"
            forkable: true
            min: "1/20"
            max: "1/2"
      - id: U-FP-2.2
        title: No self-dealing quorum
        text: >-
          The payee of a disbursement proposal may not cast a ballot on
          it. The eligibility snapshot for a disbursement proposal
          excludes the payee.
  - id: U-FP-3
    number: 3
    title: Dissolution and Exit
    layer: userland
    clauses:
      - id: U-FP-3.1
        title: Dissolution
        text: >-
          A dissolution proposal ratified at minor-class thresholds winds
          up the pool: all uncommitted funds are returned to backers pro
          rata to contributions, recorded entry by entry in the ledger.
      - id: U-FP-3.2
        title: Exit rule
        text: >-
          As required by Kernel clause K7.5: a citizen who exits before
          dissolution has no claim on the pool, and the pool has no claim
          on the citizen. Contributions are gifts to the commons, vested
          on receipt; exit is free and immediate.