timestamp,event_type,amount_eur_delta,total_eur_balance,sc_outstanding,sc_liability_eur,ratio,notes,reference
# Treasury Balance and SC Liability Tracking
# Format: ISO timestamp, event_type, EUR_change, total_EUR, total_SC, SC_value_EUR, ratio, notes, reference
# The 3x Rule: sc_liability_eur must be ≤ 3x total_eur_balance
2025-01-15T00:00:00Z,INIT,0,0,0,0,0.0,Treasury initialized - Smartup Zero launch,system-init
2025-08-04T17:00:00Z,PENDING_LOGGED,0,0,0,0,0.0,82200 SC pending validation - not yet liability,comprehensive-founding-audit
# NOTE: Pending SC (82,200) tracked separately until validated
# Current liability: €0 (no validated SC yet)
# Contingent liability: €82,200 (if all pending SC validated)