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Protocol behavior is heavily parameterized rather than hardcoded because markets differ. A spread that works for INR/USDC on UPI rails would be wrong for BRL/USDC on PIX. Parameterization lets the protocol adapt per-currency without redeploying contracts.

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Pricing and Spread

Base spread and price bump by currency, adjusted for local liquidity conditions.

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Risk Limits

Min stake, volume caps, RP-per-USDT limits, and max tx limits. These gate how much risk the protocol takes per merchant and per user.

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Fee Controls

Merchant fee percentage and small-order fixed fees, tuned to make micro-transactions viable without subsidizing them.

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Operational Controls

Currency and payment-channel activation lifecycles.

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