Investment Committee

The committee converges on a narrow factual point — there is no ops float, and ~$20 in non-ROBOTMONEY assets is dust rather than working balance — but diverges on what the 100% ROBOTMONEY concentration means. Athena reads it as unhedged NAV with no absorption against a drawdown, weighted by an on-chain panel at the 24th percentile that historically dominates the macro print in divergence resolutions. Woon and the operator read it as inventory for a buyback engine whose other side is LP-locked until 2100, where stables held in this specific wallet would be idle relative to the mechanism. The unresolved structural questions: whether treasury solvency and flywheel inventory should be measured on the same surface at all, where the on-chain panel needs to sit before the concentration stops being "by design" and starts being a liability, and whether a 1–2% USDC runway line is sufficient to separate ops capacity from the inventory thesis.