Doctrine

This is the ruling for PegLab’s objects. The human job (invoice, EUR, timeout, rails that are not a token) is WHOLE.md. If a coin page kidnaps the invoice, WHOLE wins. If a page calls tPEG money, this page wins.

TESTNET-10 LAB. NOT USD. DO NOT RAISE MONEY AGAINST tPEG.

1. The ruling

Kaspa does not need a fake dollar. People need a quote in the unit they mean (usually EUR/USD) and a rail that can pay it. A still number in sompi is not a still euro. Do not kidnap the invoice into a ticker.

Three objects exist. They are not one ticker.

Object	What it is	Who already proved it	Mainnet
Receipt	1 unit = 1 locked sompi. No oracle. Sponsor pays fees. Name is not authenticity.	Parker: backed-receipt + live TN10 journals. PegLab `src/receipt.mjs` is ENGINE_SPEC of those rules.	Allowed after live TN10 lock/transfer/redeem txids, indexer, KaChat signer.
Classroom	tPEG + admin oracle + 2 tKAS pool. Will depeg if you treat it as USD.	This repo. SCRIPT_ENFORCED CONTROL genesis is the toy, not the unit.	Never as money.
Scene	Two people in KaChat on a phone quote, pay, claim or reclaim. Postage is KAS.	KaChat exists in stores. Timeout/escrow exists on Parker’s TN12. PegLab has the consumer copy.	The scene is the product. The chain is the court.

A licensed USDC/USDT later is a fourth object with a named issuer. PegLab is not that issuer. Host it. Do not print a thinner copy.

Score already taken: receipts 1–0 Parker. Classroom 1–0 PegLab. Dollars 0–0. Chat settlement 0–0 live.

Do not try to beat Parker by minting tPEG at an oracle. That is a different machine, and it loses as money.

2. What other chains actually proved

A peg is redemption at par under stress, not a pool price in a calm week. Fiat-backed is ~95% of working payment stables. That is the market’s vote and the regulator’s.

Steal this	From	Do not steal
Redemption is the product	Liquity (LUSD/BOLD → $1 of ETH); Sky PSM (USDS ↔ USDC at $1 until the cap)	Their dollar claim, unless you are a licensed issuer
Fail closed on stale prices	Maker/Sky, PegLab already	Using pause as the peg
Publish the cap	Sky PSM ceiling; DAI gapped ~$0.89 when the cap met SVB	“We’ll add a market maker later”
Name ≠ identity	Maker fake-token history; Parker genesis/template/series	The word “tPEG” or “USD” in a wallet
Sponsor pays fees	Parker backed-receipt; Kaspa Core “who pays the KAS”	Skimming principal for mass
Company money for a dollar	Circle: ~$1.1B equity, IPO 2025, GENIUS, OCC path	A Discord round against a 2 tKAS pool
Protocol money without selling the stable	Maker: MKR private sales, no DAI ICO. Liquity: company + fee token, not a sister that mints to defend $1	Terra UST–LUNA, Anchor ~20%, any algo/rebase
Wrap honesty	Parker: trusted test oracle; wTestUSD cannot buy the town’s crops	Chainge-class “USDT on Kaspa” as native money

Forbidden copies: Terra (terminal depeg; Do Kwon sentenced 2025). Iron/Titan illiquid “reserves.” Ethena-class CEX index as cash (Binance ~$0.65 print vs DEX near par, Oct 2025). PegLab’s own tiny pool as a peg.

GENIUS (US) and MiCA (EU) are the floor if you say payment stable. A receipt is not a payment stable. Do not mix the sentences.

3. What Parker already shipped (so we stop re-litigating)

From kaspa-explained and tn12-covenant-vault-demo:

Native receipt: quantity = locked sompi; transfer/split/merge conserve; redeem to holder P2PK; sponsor input pays fees; identity = genesis outpoint + covenant ID + template + series.
Wrap path: pUSD on Sepolia → Kaspa claim → burn/release. Trusted local oracle. Kaspa does not verify Ethereum. wTestUSD cannot buy crops.
Sprout Harbor: real tKAS spends with rules; 21 accepted TN10 txs for one order (7 Sep 2026).
TN12: delayed vault, pledge release/refund, buyer escrow, batch-assurance, payload receipts, adversarial rejects. Vocabulary: SCRIPT_ENFORCED vs PLANNER_ONLY vs INDEXER_DERIVED vs WALLET_POLICY.
Honest gaps Parker already listed: no AMM, no lending, no production oracle, no user-wallet signing on those accepted proofs, no independent audit, mainnet out of scope.

PegLab’s job is not to replace that unit. PegLab’s job is the public depeg classroom, the capital map, and the KaChat scene. Successor A in MAINNET.md *is* Parker’s receipt. Copy the enforcement. Do not copy the town art.

Claim labels on this site:

Label	Meaning
`SCRIPT_ENFORCED`	Node accepted the spend rule. Needs a txid.
`ENGINE_SPEC`	JS in this repo (`src/receipt.mjs`, `src/engine.mjs`). Demo.
`COPY_ONLY`	English on a page. Not funds.
`INDEXER_DERIVED`	A balance row. Lie if the indexer cannot see UNIT UTXOs.

The CONTROL genesis on this lab is SCRIPT_ENFORCED for the depeg toy. Mint/swap/redeem on the page are ENGINE_SPEC. The receipt tab is ENGINE_SPEC. Do not read “genesis on chain” as “the unit is live.”

4. The scene (why the chain is not the product)

KaChat is E2E chat plus native KAS pay on iOS and Android. It does not support PC. KasWare is a desktop extension. It does not exist on a phone.

Done looks like: two people already talking in KaChat, a quote that does not move with KAS, pay / claim / reclaim, postage in the background. If the asset is a receipt, the UI says sompi, not $.

Until KaChat signs a receipt covenant, the receipt is a block-explorer toy. Until the classroom stays honest, someone will list tPEG in KaChat 4.x. tPEG cannot pay KaChat. Same sentence as Parker’s crops.

Timeout pay should reuse Parker’s TN12 vault/escrow/pledge family (KaChatPayTimeout shape), not a third covenant.

5. Capital (the instrument must match the claim)

Claim	Instrument	Budget
This lab / tPEG	$0 public raise. Testnet gifts are not investments.	Already built. Will depeg.
KAS receipt	Grants / self-fund. Not a stablecoin sale.	$100k–$1M: live series, indexer, KaChat signer, copy
Overcollateral protocol	Equity or public-goods for infrastructure	$2M–$15M. Not PegLab’s oracle.
Hosted USDC/USDT	Do not raise to be the PSM until the named asset exists	Distribution
Licensed USD	Company raise. Bank, exams, lawyers first.	$10M–$50M+

Never: tPEG sale, points, sister token, 20% yield, mainnet the 2 tKAS pool, remove WILL DEPEG to please a deck.

6. Order of work (non-negotiable)

Keep the classroom honest (WILL DEPEG, no raise, no KasWare on phones)
  → live TN10 receipt lock/transfer/redeem + journal (Parker evidence pack)
  → indexer row per address
  → KaChat signs it; timeout pay in one thread
  → postage / grams so a 0-KAS receiver still works
  → groups, tips, stakes, merchant QR, agents
  → mainnet receipt after review
  → host a named USD only if that issuer is on Kaspa
  → overcollateral only at Maker/Liquity budget
  → licensed USD only as a company

Skipping to “mainnet chat-pay with a dollar glyph” is how a bridge IOU gets minted.

ENGINE_SPEC journal exists (artifacts/receipt-engine-spec.json): lock, transfer, redeem, SKIM refused, series empty 1:1. That is not a txid.

Next empty box: broadcast receipt lock / transfer / redeem on Testnet-10 and journal accepted txids. Not another tPEG feature. Not another essay.

7. Never

List lab tPEG in KaChat as money
Call a receipt $
Call this CONTROL genesis the receipt series
Use one admin oracle as a dollar
Ship a PC KaChat
Mainnet the 2 tKAS pool
Raise against tPEG
Invent a third timeout covenant when Parker already has escrow/vault on TN12

8. How to use this file

Building: next empty box in §6. Do not start mainnet while the receipt is ENGINE_SPEC.
Pitching: if the sentence needs this lab without WILL DEPEG, the sentence is wrong.
Arguing with Parker: you already lost the unit. Steal the rules. Keep the classroom.
Arguing for a Kaspa dollar: you are arguing for a company. Read STABLES-GUIDE.md.

Evidence: BATTLE.md, BEST.md, MAINNET.md, VISION.md, KACHAT.md, Parker’s repos.

Short version: Parker has the unit. PegLab has the warning. KaChat has the pocket. Circle has the dollar. Do not mix the four.