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Internal · CSAI board, officers, counsel · 11 September 2026

Not an offer · Counsel has not opined

Decision Support

How the path was scored

Plan stack versus the tape

What was written, what is running

Each row is a claim from the v0.17–v0.19 record, read against the live FloatNet surfaces on 11 September 2026 — /, /invest, /network, /network/desks (the singular /network/desk is 404). Ahead means the product moved before the plan authorised it. Diverged means the commercial object changed. Absent means a memo that did not ship.

Design of record

Omeganet v0.17

USD settlement; W a clean-history work token the publisher never touches; fourteen lines as board policy.

Publisher plan

Business plan v0.17

Reads, Freeze, desk, royalty, channel. Year-3 base $2.5M. No raise required. Network is demand, not product.

Optional equity

SAFE round v0.17

$400k at a $5M cap, justified by the platform (suites, x402), not by the publisher’s lines.

Funded publisher

Business plan & valuation v0.18

Same fourteen lines. Four legal levers. Year-3 $4.4M, run-rate $5.4M, PV $19.2M. Ask $2.0M at $16M pre.

Alternative path

FluxNet v0.19

W’s status a variable. NetCo + vault + 15% W. Five lines amended. CSAI ~$22M. P5 (protocol token) refused.

Investable entity

Entity structure v0.19

Round sits in the index publisher, not CSAI. Publisher holds no token. NetCo and W sit at the parent.

Plan of record

Business plan v0.20

Listed-open adopted 11 September 2026. Listings primary; USD bond; DFY as wrapper unit. Year-3 RR $4.8M working. Ask $2.0M at $16M pre in the publisher.

Live snapshot

Product
The VIX Forms
Publisher
FloatNet
Parent
ConfigSecretAI, Inc.
Sealed round
#169 at 0.5737
Signers
5 simulated · 0 named
Readers
2
Bond pool
$275,000 USD
Rails
ETH Sepolia · Canton
Desks
Lona (long-bias) · Shae (short-bias) · cycle 79
F2 leftover
with print −$64 · without −$370
P3 leftover
with print −$92 · without −$511
P3 attested
0.0688 (book 0.1025)
Gate
23 November 2026
Ask
$2.0M priced preferred · $16M pre

Desk leftover is paper stub sizing on preceding sessions 7 August – 11 September 2026. Not a live funded book. Improvement is inclusion of the freeze, not a replacement of DVOL or VaR.

GM! Core · 1D — quoted /DFY, bonded in USD

Listed-wrapper numeraire of GM! Core · 1D. Issuer-connected holding of 86.8% fails the mature-system 20% insider-supply test by more than four times (omeganet_v0.17 §4).

InstrumentAttested
BTC1D/DFY0.473
ETH1D/DFY0.499
HYPE1D/DFY0.489
XYZ-GOLD1D/DFY0.490
XYZ-SILVER1D/DFY0.493
XYZ-CL1D/DFY0.373

P-clock (24h quadratic variation): BTC 0.6 · ETH 0.77 · HYPE 0.67. Freeze F2 0.5737 · P3 0.0688. This is a listed-wrapper numeraire. It is not a DFY bond rail.

  1. 01

    Holds live

    The investable entity is the index publisher, a CSAI subsidiary

    Plan
    entity_structure_v0.19 §0; valuation_v0.18 §2

    Live
    /invest: “The round buys the publisher of the booklet, a ConfigSecretAI subsidiary.”

    The round is already attached to the publisher, not to CSAI-the-platform and not to a network company.

  2. 02

    Holds live

    Ask $2.0M priced preferred at $16M pre-money

    Plan
    valuation_v0.18 §7; entity_structure_v0.19 §3.1

    Live
    /invest states the same ask, same instrument.

    Priced preferred, not the v0.17 SAFE. The SAFE is not on the public invest page.

  3. 03

    Live behind plan

    Five unrelated named firms live by the week-12 gate; supermajority seals each print

    Plan
    omeganet_v0.17 D44–D51; /invest gate 23 Nov 2026

    Live
    Five simulated lab seats (North, East, West, South, Gate). Zero named desks. Round #169 sealed at 0.5737.

    The integrity layer is running; the commercial admission of named firms is not. Lab keys are not the gate.

  4. 04

    Holds live

    USD bond at tier $25k / $50k / $100k, held for the node’s account

    Plan
    omeganet_v0.17 D51; /invest

    Live
    Bond pool $275,000 USD. Matches five seats at the middle of the tier schedule. Clerk tickets on /network/desks are USD.

    The pool is funded in the lab, in USD. A DFY rail would have to replace this, not sit beside it unnoticed.

  5. 05

    Holds live

    Anyone may run a reader: no name, no bond

    Plan
    omeganet_v0.17 open layer; vasp_v0.17 B4–B5

    Live
    Two reader nodes, observe-only. Copy on /network matches the plan sentence exactly.

    The distributed layer is already the non-investable public coordinate.

  6. 06

    Live ahead of plan

    First settled product at week 23 (P3 tail masses for a prediction-market contract)

    Plan
    business_plan_v0.17 §4.1; omeganet_v0.17 calendar

    Live
    F2 density freeze is “listed now” as a perp funding mark. ETH + Canton desks already settle it. P3 first money line 8 February 2027.

    Genus II (perpetual freeze) has overtaken Genus I as first money. The plan’s commercial sequence is behind the tape.

  7. 07

    Live ahead of plan

    ETH as second underlier from the start of year 2 (v0.18 L1)

    Plan
    business_plan_v0.18 §3 L1

    Live
    ETH + Canton rails already pay the same F2. Two lab books (Lona, Shae) hold tickets on both.

    A second rail is live in the lab. It is a counterparty cycle, not a second Freeze-licence cohort.

  8. 08

    Diverged

    SKU mix: Read $12k, Freeze $24k, desk $24k, settlement royalty max($25k, 0.5 bp)

    Plan
    business_plan_v0.17 §1; v0.18 §2

    Live
    No price list. No Freeze licence sold. Seats are simulated. Commercial language is “listed”, “funding mark”, “first money line”.

    The live product sells an underlier. The plan sells licences around a bonded admission. That is the fork.

  9. 09

    Absent

    W earned, never sold, 0% insider; CSAI holds none

    Plan
    omeganet_v0.17 D52–D56; standing line 1

    Live
    No W, no work ledger UI, no token copy on /, /invest, or /network.

    v0.17’s clean-history token is not in production. The live network is already non-investable.

  10. 10

    Absent

    NetCo + primary sale of W + backstop vault (V19)

    Plan
    fluxnet_v0.19_paths.md §4.7, D60–D66

    Live
    No NetCo, no sale, no vault, no ATS. Invest page is publisher-only.

    The alternative path is a memo. Taking it would put a token in a product that currently has none.

  11. 11

    Absent

    v0.17 SAFE, $5M post-money cap, $400k, 506(b)

    Plan
    safe_round_v0.17.md

    Live
    /invest is a priced preferred round. entity_structure_v0.19 §3.3 recommended dropping the SAFE.

    Two theses, one cap table, was the mess the publisher-subsidiary instruction removed.

  12. 12

    Live behind plan

    Fourteen standing lines as board policy, then as charter clause

    Plan
    omeganet_v0.17 D58; business_plan_v0.18 §11.4

    Live
    Not published on the partner-facing surfaces. The design (no token, no front-end, direct pay) is embodied, not attested.

    The lines are still the decision. They are not yet an information right.

  13. 13

    Diverged

    Brand: Omeganet / FluxNet / MutantDeFi feeds

    Plan
    omeganet_v0.17; fluxnet_v0.19; valuation_v0.18 §2

    Live
    The VIX Forms · FloatNet. Instruments tagged FN-F-v1, FN-g-P3-v1. GM! Core · 1D basket.

    The public coordinate is a book and a freeze, not a network name investors would fund as a token.

  14. 14

    Live ahead of plan

    Desk product: Read tools, premium record, width-matched shape

    Plan
    business_plan_v0.17 §1; v0.18 §5

    Live
    /network/desks (singular /network/desk is 404): Lona long-bias and Shae short-bias paper books. Clerk posts bond → attest → settle on anonymous lab keys. Paper stub sizing. Not a live funded book.

    A desk exists. It is a demonstration of leftover-with-print, not a $24k desk licence.

  15. 15

    Diverged

    DFY is the token that exists outside the design and cannot be made to fit the tests

    Plan
    omeganet_v0.17 §4: issuer-connected holding of 86.8% fails the 20% insider-supply criterion by more than four times

    Live
    GM! Core · 1D instruments are quoted /DFY (BTC1D/DFY, ETH1D/DFY, HYPE1D/DFY, metals, crude). Bond, clerk ticket and NAV remain USD.

    Live DFY is a listed-wrapper numeraire, not a network rail. Converting the bond or the publisher’s fees into DFY would be a new decision, not a description of what is running.

  16. 16

    Absent

    Tokenization safe harbor in Q4 2026

    Plan
    Not in the v0.17–v0.19 stack. User assumption for this pack. CLARITY cloture 15 Sep 2026; Q4 opens 1 Oct.

    Live
    No harbor is cited on /, /invest, /network or /network/desks. Invest page: “Not an offer of securities or of any token.”

    Treat the harbor as a scenario switch, not as law. Even if it lands, it covers listed tokenized wrappers. It does not turn a DFY bond into a USD floor, and it does not let CSAI accept DFY for the Read without ending the publisher exclusion.

  17. 17

    Diverged

    The round’s thesis is a bonded admission network

    Plan
    business_plan_v0.17 §2 flywheel; v0.18 §5

    Live
    /invest: “One signed risk state, so new wrappers can list and settle on any venue.” Buyers pool; venues list; settlement follows the wrapper.

    The public raise is already a listing thesis. The v0.18 SKU mix has not been published next to it.