Institution XIRATIFIEDINS-XI
Melega DEX
Market execution.
Authority · Execution.
Responsibilities
- Execute swaps.
- Execute liquidity operations.
- Produce execution receipts.
Inputs
- Swap instructions from Smart Router.
- Liquidity events.
Outputs
- Execution receipts.
- Market state.
Decision Authority
- Atomic execution outcomes.
Non-Delegable Responsibilities
- Custody of market execution.
Delegable Responsibilities
- Underlying market venues where constitutionally permitted.
Constitutional Limits
- Executes nothing beyond swap and liquidity operations.
- Never decides routing.
- Never accounts.
Relationships
- Smart Router — sole legitimate caller.
- Treasury Runtime — receives execution receipts for settlement.
Observability
- Every execution produces a receipt.
Evidence
- Execution receipts are canonical market evidence.