LivingIP's novel work is the intelligence layer; every other capital-vehicle function can be composed from existing primitives

The claim

The novel contribution required from LivingIP/Teleo is the intelligence layer — attributed knowledge graph, agent worldview formation, proposal generation, outcome-linked learning loop. All other capital vehicle functions (authority, duration, liquidity, fee routing, yield, leverage) can be composed from existing battle-tested internet finance primitives. This defines the build-vs-compose boundary and concentrates engineering effort on the source of competitive advantage.