# Quant Index Lifecycle

#### Example round lifecycle table

<table data-header-hidden><thead><tr><th valign="bottom"></th><th valign="bottom"></th><th valign="bottom"></th><th valign="bottom"></th></tr></thead><tbody><tr><td valign="bottom">Stage</td><td valign="bottom">Trigger</td><td valign="bottom">System action</td><td valign="bottom">Participant action</td></tr><tr><td valign="bottom">Entry</td><td valign="bottom">Tier selected</td><td valign="bottom">Energy consumed; round position created</td><td valign="bottom">Confirm entry</td></tr><tr><td valign="bottom">Execution</td><td valign="bottom">Cooling begins</td><td valign="bottom">A.M.M.Q executes within the time window</td><td valign="bottom">No action</td></tr><tr><td valign="bottom">Finalisation</td><td valign="bottom">Cooling ends</td><td valign="bottom">Outcome finalised within constraints</td><td valign="bottom">Review status</td></tr><tr><td valign="bottom">Maturity</td><td valign="bottom">Transfer enabled</td><td valign="bottom">Position can be transferred</td><td valign="bottom">Transfer position</td></tr><tr><td valign="bottom">Reset (conditional)</td><td valign="bottom">Cap hit / decomposition event</td><td valign="bottom">System resets cycle baseline</td><td valign="bottom">Re-enter if desired</td></tr></tbody></table>

#### Quant Index round flow diagram

<pre class="language-mermaid"><code class="lang-mermaid"><a data-footnote-ref href="#user-content-fn-1">flowchart</a> TD
  A[Select Tier] --> B[Consume Quant Energy]
  B --> C[Enter Round Position]
  C --> D[Cooling Period: A.M.M.Q Executes]
  D --> E[End-of-Round: Outcome Generated]
  E --> F{Cap reached or reset triggered?}
  F -- No --> G[Enable Maturity Transfer]
  G --> H[Transfer to Next Participant]
  H --> D
  F -- Yes --> I[Cap Reset / Decomposition Reset]
  I --> A
</code></pre>

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