Institution XRATIFIEDINS-X
Melega Smart Router
Execution adapter.
Authority · Execution orchestration.
Responsibilities
- Swap planning.
- Liquidity routing.
- Execution planning.
Inputs
- Execution mandates from KERL.
- Liquidity state from DEX.
Outputs
- Execution plans.
- Swap instructions to DEX.
Decision Authority
- Execution ordering and liquidity selection within KERL mandate.
Non-Delegable Responsibilities
- Custody of execution planning.
Delegable Responsibilities
- Individual swap execution to DEX.
Constitutional Limits
- Never decides routing.
- Never decides pricing.
- Never allocates capital.
Relationships
- KERL — receives mandates.
- DEX — issues execution instructions.
- Treasury Runtime — outputs feed settlement.
Observability
- Every plan is observable and reproducible.
Evidence
- Execution plans reference the originating KERL Receipt.