> For the complete documentation index, see [llms.txt](https://sagitta-protocol.gitbook.io/sagitta-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://sagitta-protocol.gitbook.io/sagitta-whitepaper/capital-flow-diagram.md).

# Capital Flow Diagram

### Diagram Purpose

The Capital Flow Diagram illustrates **how capital enters, moves through, and exits the Sagitta Protocol**, and which authority governs each stage.

The diagram emphasizes:

* separation of roles
* deterministic settlement
* insurance enforcement
* continuity supremacy

This diagram represents **lawful flow**, not optimization paths.

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<figure><img src="/files/mMPK6PTlWc5vvZMmuwk4" alt=""><figcaption></figcaption></figure>