First Emerald Console Contract operations —

Operations console

Every action below is signed by the role that would perform it in production: the registrar records, the custodian confirms, the auditor attests, the oracle publishes. The console holds no powers of its own.

Demonstration environment. The keys are the deterministic ones from the development node. In production they live on an HSM or a multisig and this interface never sees them.

On the server: grep OPS_TOKEN /opt/fex/.env — paste only what follows the equals sign. The buttons below stay disabled until the server accepts it.

Demonstration walkthroughs

Ready-made sequences to run in front of a subscriber. Each ends with a readable verification.

1The constraint holds

Attempts to issue one token beyond the reserve ceiling. It must fail at the contract level.

2The reserve grows

Adds a stone, places it in custody, re-attests: the ceiling rises on its own.

3The reserve breaks

Suspends a stone without re-attesting: registry and attestation diverge, the ceiling drops to zero.

4From SAFT to token

Enables issuance and lets subscribers exercise their entitlements. This is the post-approval scenario.

5The KYC perimeter

Attempts a transfer to a wallet that was never verified.

7The vault has a floor

Buys stones for physical delivery until the reserve refuses to let another one go.

8Deliver a stone

Moves the shipment on: carrier reports arrival, then the buyer confirms and the escrow releases.

6Collateralised lending (phase 2)

Funds the isolated market, deposits FEX as collateral and draws liquidity. Requires walkthrough 4.

Reset the demonstration

Puts everything back to the starting position: fresh contracts, the twelve stones, no token issued. Use it after a presentation, or when a walkthrough has left the state somewhere you did not intend.

What this does and does not touch

It takes about a minute. Every page will say Setting up while it runs and come back on its own.

Running…

Ready.
nothing written yet

Individual actions

Single steps, for improvising outside the scripted walkthroughs. Each one also reports into the panel above.

Record a stone

Publish the index

What the market says an emerald is worth. Published by the oracle.

Moves the token reference value and the collateral value on the lending market. It does not change the issuance ceiling — a higher price does not create more emeralds.

Re-attest the reserve

The auditor states, under signature, how many stones and carats are actually in the vault, and at what value. This is the only action that can change the issuance ceiling.

The carats come from the registry — the auditor does not type them. This figure only sets the value of the reserve. The ceiling follows the carats: carats in custody × 15.

Record a SAFT