Corporate Actions

An equity's issuer can do things a token contract has no concept of. TAPEZERO's concern is narrow: an action that rescales the quote asset while a market is being priced against it.

• stock split
• reverse split
• symbol change
• multiplier change published by the issuer
• other issuer actions that alter the token's unit

What the protocol can see

For an ERC-8056 quote the protocol can read a pending multiplier and its effective time directly from the token. That is authenticated data, and it is what the guard uses: if a new multiplier lands inside the configured buffer, new launches against that quote revert.

1. 01Token publishes newUIMultiplier + effectiveAt
2. 02effectiveAt falls inside the buffer
3. 03Quote health becomes CORPORATE ACTION
4. 04New launches against it revert

What it cannot see

Existing markets

A corporate action on the quote asset does not pause or rewrite an existing market. The pool continues to trade the quote token it was created with, whatever that token's multiplier now is. Traders in a stock-quoted market are exposed to the quote asset's own behaviour — that is part of what choosing a stock quote means.

This is listed explicitly under Known Risks.