# Capital Flows

This page is the protocol-wide map of sources, uses, and deployment. It does not repeat each mechanism's parameters. Each row links to the canonical page.

## Inflows

| Source | What enters the treasury | Canonical page |
|---|---|---|
| Trade tax remainder | BNB left after Flap's commission on the 5% tax | [Token & Curve](/token) |

These are sources, not one timeline. This launch is on Flap. The whole post-commission tax is the kit budget on buys and sells. Nothing from the tax is reserved as a holder dividend or an LP add. There is no graduation peel into this treasury.

## Uses and outflows

| Use | What leaves | Who can run it |
|---|---|---|
| Fill Firsto asks | Treasury BNB, for NAND / LATCH | kitBuyer only |
| TapeOut tape-out fee | Treasury BNB | Anyone, if the treasury already holds enough parts |
| Deposit BEM | Mined `$BEM` moves from the treasury into the Flap Dividend | Anyone, via harvest or `distributeBem` |
| Claim BEM | Booked `$BEM` in the Dividend | Anyone may claim for an eligible address. Payment goes to that address |

Treasury BNB has no third authorized use. No owner withdraw, no MTAPE buyback function, no redeem-at-NAV.

Holders exit on Flap's curve or the later Pancake pool, not through the treasury. The treasury does not make markets. After migration, exit depth is whatever Flap seeded, plus whatever the market adds later. This treasury does not hold that LP.

## Deployment loop

```mermaid
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flowchart TD
  Share["Tax remainder"] --> BNB["Undeployed BNB"]
  BNB -->|kitBuyer| Parts["Firsto NAND and LATCH"]
  BNB -->|anyone| Fee["Tape-out fee"]
  Parts --> NFT["Circuit NFT"]
  Fee --> NFT
  NFT --> Miner["Live miner"]
  Miner --> BEM["BEM to holders"]
  classDef hot fill:#f46622,stroke:#f46622,color:#120d09
  class BNB hot
```

Tax → undeployed BNB → parts → circuit → start → BEM → claim.

The dashed hop from claim back to volume is not on this map. That non-enforced feedback lives on [Flywheel](/loop).

Part prices are not chosen on-chain. Which Firsto order the executor posts decides how many machines a given tax BNB buys. Trust assumption: [Risks](/risks).