SKY — the credit money

Current proof-gated monetary note — 2026-07-10. [C] deterministic model evidence, not runtime or market proof. See 2026-07-10-zai-sky-anti-spiral-note.md.

Current bounded truth

• SKY free-floats by default. There is no defended peg or uncovered energy floor, and no SKY-to-fresh-ZAI redemption arbitrage.
• Any future energy mechanism is a receipted, deliverable-capacity-bounded redemption option with a published queue. It is never a defended peg or an uncovered floor; deliverable Helios capacity remains a world gate.
• anti-spiral != anti-volatility; selling is not unstaking.
• The landed joint-drawdown model recorded zero spiral signatures in 36/36 modeled ZAI/SKY scenarios; the Terra positive control spiraled in 3/3. This is [C] scenario evidence, not market truth.
• Flow demurrage on idle ZAI recovered 12/12 modeled scenarios but remains shelved pending governance and market/UX evidence. State-dependent SKY minting recovered 6/12 and must not be implemented. Current staking remains fixed-rate.
• Future public-DAV monetary-policy consequence requires a complete valid bound PRISM decision receipt from at least two natural-person councilors binding the exact consequence; PRISM records and verifies only. Software may deterministically carry out only that exact bound consequence. The note creates no current authority, signer, live execution path, or launch gate.

Historical token presentation — K3 reference

Open the superseded token presentation (preserved for provenance)

Money · Noosphere infrastructure — never sold. The Energy. Elastic; minted against staked ZAI and verified usage; grounded by an energy floor.

Pre-launch, K2-gated. Target design; nothing live. Funded by the products above it; rentable by none. η=0 is the copyleft.

What it is

SKY is the elastic transactional money and, at Phase II, the unit of account for credit and debt. It is minted two ways: on verified usage (a share of the energy floor per micro-settlement, φ-split 61.8% provider / 38.2% protocol) and against staked ZAI collateral (max_SKY = locked_ZAI × L(x)).

The energy floor

1 SKY references roughly the energy of a fixed physical unit — a Schelling point, not a peg. Every machine-service payment is bounded below by the electricity it verifiably consumed. Backing is exogenous to ZAI's price by design: no reflexive two-token spiral.

Design refusals

Protocol shares burn. Yield is freshly minted at payout, never a fee skim. SKY = V (viability) in the pair. No live token; volume-gated.

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Part of the Noosphere substrate. Master list: 02_SKYZAI/00_HANDOFF/PRODUCT_REGISTER_2026_07_09.md. The pair that binds it all: (ZAI, SKY) = (Φ, V), P = Φ × V, η = 0. ⊙ = • × ○

K3 public-DAV authority history — 2026-07-12

K3 historical reference — not active authority

• SKY free-floats by default. There is no defended peg or uncovered energy floor, and no SKY-to-fresh-ZAI redemption arbitrage.
• Any future energy mechanism is a receipted, deliverable-capacity-bounded redemption option with a published queue. It is never a defended peg or an uncovered floor; deliverable Helios capacity remains a world gate.
• anti-spiral != anti-volatility; selling is not unstaking.
• The landed joint-drawdown model recorded zero spiral signatures in 36/36 modeled ZAI/SKY scenarios; the Terra positive control spiraled in 3/3. This is [C] scenario evidence, not market truth.
• Flow demurrage on idle ZAI recovered 12/12 modeled scenarios but remains shelved pending governance and market/UX evidence. State-dependent SKY minting recovered 6/12 and must not be implemented. Current staking remains fixed-rate.
• Future monetary-policy discretion belongs to a valid public-DAV PRISM quorum of at least two natural-person councilors; the note creates no current signer or launch gate.