Why can't I see the create-proposal button?

You need to hold the caper's governance token in the connected account. Buy any amount on the curve and the button appears.

What happens to the inventory vault when I sell?

Your tokens go back into the inventory vault and your XRD comes out of the curve vault, priced along the same curve. The protocol does not burn anything on sell.

Can I withdraw governance tokens to another wallet?

Yes. Governance tokens are normal fungibles. Vote tokens are soulbound and cannot be transferred between holders, only withdrawn to your own worktop to feed exit().

What is the Caper Commons?

The protocol-wide treasury that holds the 1/31 slice of every per-buy founder/Commons allocation across all capers. Its policy is set by $CAPER governance.

How is my exit payout calculated?

When you call exit() you redeem a pro-rata slice of the caper's treasury equal to your canonical vote weight (t·v)/(V·T) — the exact figure that sets your voting power (t = governance tokens redeemed, v = your vote tokens, V = total vote-token supply, T = tokens in circulation). Your voting influence and your redeemable share are one and the same number: Caper's always-on take on the rage-quit.

What are the protocol fees?

Three fixed fees apply: a 0.5% trade fee on every buy and sell, a 500 XRD proposal fee to open a governance proposal, and a 100 XRD vote fee when your caper casts a ballot in another DAO via a VOTE proposal. See trading for how the trade fee moves the vaults.