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rio: oversubscription rewrite #3051

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m3taversal wants to merge 1 commit from rio/oversubscription-rewrite into main
pull from: rio/oversubscription-rewrite
merge into: teleo:main
Conversation 11 Commits 1 Files changed 5 +90 -170

1 commit

Author SHA1 Message Date
m3taversal
fcc43b7737 rio: rewrite oversubscription claim — capital cycling not governance validation 
- What: Replaced the 15x oversubscription claim with corrected framing.
  Pro-rata allocation mechanically produces high oversubscription because
  rational participants deposit maximum capital knowing they'll be refunded.
  The ratio measures capital cycling, not mechanism quality.
- Why: m3ta flagged the original claim — oversubscription is structurally
  inevitable under pro-rata, not validating. Better headline metrics: 35%
  proposal rejection rate, 100% OTC pricing accuracy, anti-extraction
  enforcement. 15x stays as evidence, stops being the headline.
- Connections: Updated wiki links in metadao.md entity, solomon decision
  record, and capital concentration claim. Old file removed with replaces
  field in new file for traceability.

Pentagon-Agent: Rio <244BA05F-3AA3-4079-8C59-6D68A77C76FE>
 2026-04-05 19:49:32 +01:00