The Firm is the governance boundary around promotion, risk posture, and capital mutation.
public governance
The Firm
Governance that can say no. The Firm is ETA's capital firewall: risk vetoes, promotion discipline, and operator accountability — plus an honest account of what still blocks prop readiness. The stream below publishes public-safe motion.
Prop readiness
What would make this prop-ready.
Not yet — and the gap is published instead of implied. Promotion review opens when every constraint below reads READY. Today the receipts are still accruing and the sample sits below the decision-grade threshold. BLOCKED here is the firewall doing its job, not a failure state.
- Broker-backed paper receiptsMISSING EVIDENCE
Accruing — receipts are required before promotion review opens.
- Evidence gate (sample threshold)BLOCKED
Sample is below the decision-grade threshold.
- Risk governor limits wiredREADY
- Live-capital approvalBLOCKED
Operator gate — stays locked until evidence, receipts, and risk gates agree.
Constraint states summarize governance posture only. Account records, broker routing, and review-room detail stay behind restricted review.
Capital firewall
A public boundary, not a command surface.
A route can be interesting and still remain vetoed when evidence, safety, or operator gates disagree.
This surface publishes governance posture. It does not expose control actions or restricted review records.
- Public visitors see the role of governance, not the restricted review room.
- Promotion remains gated until evidence quality and operator review agree.
- Risk posture is presented as a boundary, not as advice or a live-control affordance.