CAP-3 v4 is up. It's the version where the comments did most of the work. Quick reminder of what CAP-3 is: it turns the Net Change Limit from a single number into a plan. Alongside the overall ceiling, each NCL action allocates that ceiling across a handful of high-level categories, agreed in the same vote. Then every treasury withdrawal has to say which category it draws from and stay inside it. How much, and what for, decided together. What changed in v4: A withdrawal can draw from more than one category. Seun asked where a developer education programme would sit, R&D or Community. Answer: wherever the proposer says, with an amount from each, and each part capped by its category. No one has to adjudicate it. The category lives in the withdrawal's metadata. One official place to read it. Who defines versus who enforces is now spelled out. Categories are written into the NCL action and take effect when DReps vote it through. The Constitutional Committee enforces them at the constitutionality check, exactly as it enforces the NCL today. Those two things were reading as a contradiction before. They aren't. The 67% threshold now sits in its own guardrail. SIPO asked for the mechanism and the number to be assessable separately, in the actual text and not just in the analysis. They now are. You can back the plan and still argue about the threshold. Continuity is stated. If no NCL is in force, nothing changes from today: no withdrawals until one is agreed. And with the lock gone in v3, a new NCL action can lower the ceiling mid-period if conditions turn. Unused capacity lapses with the period. A ceiling is not a target. And one new sentence in the motivation that I think is the best argument for the whole thing, which Styg made and I hadn't: agreed categories give us a way to read a finished period back against what we said we'd do. We've never had that. Thanks to Seun, SIPO, Styg, Will, wakuda and M.Dyamond for pushing on this across three revisions. Every one of these changes started as a comment. Read it, and tell me what's still wrong: cap.intersectmbo.org/#/detai…