# R2: Liquidity Crisis / Death Spiral

**Risk:** Insufficient API demand depletes the bootstrap fund before organic yield is established\
**Likelihood:** Moderate\
**Impact:** Severe

**Mitigation Measures:**

* Bootstrap fund pre-funded at TGE, supporting **8% minimum APY for 18 months**
* 3–5 B2B anchor LOIs with minimum volume commitments
* Real-time TVL and bootstrap fund monitoring dashboard
* Governance circuit breaker triggered at 25% fund depletion
* Defined wind-down procedures if MVN is not achieved within 18 months

**Residual Risk:** Moderate\
Demand timing risk is inherent to early-stage infrastructure. The bootstrap fund provides runway, not a guarantee.


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