Acquisition Policy

Objective: maximize number of Miladys burned per unit ETH without destabilizing price.

Rules

• TWAP Guard: purchases permitted only if spot floor ≤ floorTWAP * (1 + maxPremiumBps).

• Venue Spread Check: if cross-venue spread > spreadLimitBps, pause sweep to avoid manipulated floors.

• Batching: prefer small batched buys to avoid large prints; maxPerSweep caps each batch.

• Royalties: pay creator royalties where enforced; otherwise follow venue defaults.

• Blacklist/Allowlist: exclude suspicious listings (wash signatures, flagged tokens).

Rationale

• Guards prevent paying manipulated floors.

• Batching reduces slippage and MEV exposure.

• Venue checks mitigate spoofed floor prints.