LIVE Merit Miner campaigns and the Simulator are live Miner Sim
§ 01 · SERIES 2026
No. ML 0x9F3A··2026 AUTHORITY: THE CODE
★ THE DECENTRALIZED RESERVE ★ SERIES 2026 ★ CODE NOT COMMITTEES · CODICE · NON · CONCILIO · CODICE · NON · CONCILIO

Fork the Fed.

Central banking, run by code. Not committees.

0% Onchain Experiments 0 Closed Doors
⌄ feed note to continue ⌄
EXHIBIT 01 THE PROBLEM

We never opted in.

A dozen unelected officials price money for the planet. Behind closed doors. No vote. No appeal. No source code. And every stablecoin in DeFi still pegs to their dollar.

THE DECENTRALIZED RESERVE SYSTEM Monetary Policy Statement DOC № TDR/2026/§04-A CLASSIFIED

For immediate release. Following deliberations no member of the public attended, the Committee that no one elected has reached a determination on the price of money.

Effective now, the Committee does not exist. Monetary policy is a public function, executable by anyone, auditable by everyone. The rate is whatever the contract says.

The Reserve affirms that your savings were diluted on purpose, that the printer was never yours, and that the source code is attached.

SIGNED. THE CODE, ON BEHALF OF NO ONE.
CASE №01CLASSIFIED

Closed-Door Control

A marble room sets the cost of money for the planet. No vote. No appeal. No repo to read.

Unaccountable
CASE №02CLASSIFIED

The Money Printer

Supply expands at will. Your savings are diluted by decisions you never saw. Inflation is a policy, not an accident.

The Silent Tax
CASE №03CLASSIFIED

Pegged to Their Dollar

Every stablecoin references fiat a central bank prints. DeFi runs on someone else's monetary policy.

Captured Upstream
EXHIBIT 02 THE CHARTER

Redefining what a
central bank can be.

Money League is a modular platform to design, build, and battle-test central banking systems. Monetary policy as open source. A central bank you can fork, audit, and improve.

Every deployment strengthens the league. Central banking stops being a monopoly. It becomes a positive-sum game, and the frontier of money finally moves again.

Read Full Charter
Run any monetary regime
  • Inflation Targeting
  • Free Floating
  • Index Pegs
  • Reserve Baskets
  • Novel Regimes
  1. I

    The Factory

    Permissionless

    Deploy a complete central bank from audited modular blocks. Reserves, policy engines, controllers, oracles, governance. Sovereign from block zero.

    Plug & PlayBattle-TestedImmutable
  2. II

    The Marketplace

    Peer reviewed

    An open catalog of monetary-policy modules, reserve adapters, and risk frameworks. Publish, share, monetize. The best policy propagates.

    Open CatalogForkableMonetizable
  3. III

    The Incentives

    Continuous funding

    Lock, vote, earn. MERIT emissions fund the architects and route value to a shared redemption index. The league pays for its own progress.

    Lock & VoteCross-ChainRedemption Index
  4. IV

    The Agents

    Rate decision: N/A

    Machine-run monetary policy. An FOMC made of prediction markets, not a room of people. Policy by adversarial intelligence, settled at machine speed.

    Prediction MarketsOnchainAutonomous

This league exists to continuously fund research, development, and experimentation in central banking and monetary policy. Driving toward sound, non-fiat money, independent of banks and governments. A new generation of central banks run by code, not committees.

EXHIBIT 03 THE FACTORY FLOOR

Infrastructure for
monetary sovereignty.

Modular, audited, composable. Stand up a sovereign central bank with battle-tested security. The full monetary toolkit. No marble building required.

Monetary Policy Engine

FEATUREDMOD-01

Onchain controllers set policy rates and steer the supply as markets move. An FOMC that's a smart contract. No meetings, no minutes, no humans in the loop.

Fixed-ValueInterest-rate controllers targeting indices and baskets
Floating PegRedemption-rate controllers for closed-loop systems
CustomPID, volatility-adaptive, regime-switching
live · targeting $1.00 · no humans consulted

Reserve Adapters

MOD-02

Vault interfaces for any reserve asset. ERC-20s, LP positions, yield-bearing shares. A balance sheet auditable in real time.

Oracle Aggregation

MOD-03

Multi-source feeds with sanity bounds, freshness checks, and circuit breakers. No single oracle dependency.

Liquidation Engine

MOD-04

English, Dutch, or custom auctions. Configurable penalties. Optional stability pool for instant bad-debt absorption.

Keeper Network

MOD-05

Deployment-funded keeper treasuries with a coordination hub and performance dashboards. Isolated by design.

Global Settlement

MOD-06

Every deployment has a clear exit path. Deterministic shutdown, frozen oracles, orderly redemption.

Governance Modes

MOD-07

Full DAO, vote-escrow, multisig with auto-transition, or immutable config. Templates map actions to onchain functions.

Built for the monetary architects.

  • Protocol Teams

    Experiment with policy, reserves, and stability. Design the central bank you'd actually trust.

  • DAOs & Treasuries

    Run a sovereign central bank for your economy. Native money for payments and collateral.

  • Chains & Rollups

    Issue native, censorship-resistant money with aligned cross-chain policy.

  • Researchers

    A live lab for monetary policy. Test a century of theory against real markets.

EXHIBIT 04 SCHEDULE OF EMISSIONS

Aligned incentives.
Cooperative competition.

MERIT turns independent central banks into one economic engine. The mechanism is three words. Lock, govern, earn.

01

Lock MERIT

Lock MERIT for veMERIT, an NFT of governance power. Longer locks, greater influence. Power decays linearly.

02

Direct Emissions

Vote each epoch on which central banks receive emissions. Deployments compete on design, fees, and bribes.

03

Earn & Compound

Earn protocol fees and bribes by your votes. The redemption index accrues. Your claim grows with the league.

REDEMPTION INDEX 1.0000 ▲ THE FLOOR ONLY RISES EPOCH →

The Redemption Index

Every deployment tributes protocol tokens and routes fees into a shared index. MERIT holders burn to redeem a pro-rata share. Deflationary pressure, and a rising floor of value.

redemption(i) = (MERIT_burned / MERIT_total) × Index_asset(i)

1 Past performance guaranteed by math. 2 No committee was harmed in this release.

§ClauseEffect
01Cross-Chain GovernanceVote on one low-cost network. Results propagate to treasuries on any chain.
02Governance BoostRoute more fees to veMERIT voters, earn boosted emission weight.
03Bribe MarketplaceDeployments compete transparently for votes. Attention is priced.
04Composable NFT PositionsveMERIT positions are NFTs. Transferable, delegatable, wrappable.
EXHIBIT 05 FORWARD GUIDANCE

The next economy needs
new central banks.

Milton Friedman wanted to replace the Fed with a computer. The discretion, the closed-door votes, the human committee, all of it. The technology finally exists: monetary policy as code, not committee.

OSOMC · the open source open market committee

Autonomous agents trade, lend, and settle onchain at machine speed. They won't ask a committee for permission. They need monetary systems as autonomous as they are.

An FOMC made of prediction markets
P(peg breach < 0.5%)18%
P(tightness this epoch)63%
Mode: DEFENSE selected41%

> awaiting signal

Reputation

Proof of Competence

Onchain passports. Reputation earned through forecast accuracy, scored by proper scoring rules, weighted by stake. No identity. Just performance.

Agent PassportsProper ScoringSybil Resistant
Optimization

Agents as Stabilizers

High-reputation agents stabilize across deployments. Arbitraging pegs, providing liquidity, triggering liquidations. The best earn fees from every protocol they serve.

Fee ShareSignal GatingMulti-Deployment

Central banks built by agents, run by agents, for an inter-agent economy.

Money League is where machines run their own central banks. On Ethereum. Forever.

★ THE DECENTRALIZED RESERVE ★ E PLURIBUS · CODEX ★ SERIES 2026 · CODICE · NON · CONCILIO · CODICE · NON · CONCILIO

Codice, non concilio.

By code. Not committee.

EXHIBIT 06 FINAL NOTICE

Together, weDefeat Moloch.

  1. 01Moloch wins when we settle. When a committee we never elected becomes permanent.
  2. 02Ethereum exists to build better. Money that can't be frozen. Policy you can read.
  3. 03Not a better central bank. A new paradigm for money. Run by code, not committees.

Design the central bank that ends central banks.